CSG Systems Boosts Share Repurchase Authorization By An Additional $100M
Portfolio Pulse from Benzinga Newsdesk
CSG Systems has increased its share repurchase authorization by an additional $100M. The company may make purchases of its common stock at its discretion through open market purchases.
September 05, 2023 | 8:12 pm
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CSG Systems' decision to increase its share repurchase authorization by $100M could potentially boost its stock price in the short term.
Share repurchase programs are often seen as a sign of a company's confidence in its own financial health, as it indicates that the company believes its shares are undervalued. This could potentially lead to an increase in the stock price in the short term.
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