Accenture Approved An Additional Share Repurchase Of $4.0B, Bringing Total Outstanding Authority To About $6.5B
Portfolio Pulse from Benzinga Newsdesk
Accenture has approved an additional share repurchase of $4.0B, bringing the total outstanding authority to about $6.5B.
September 28, 2023 | 10:59 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Accenture's approval of an additional $4.0B share repurchase could potentially increase the stock's value.
Share repurchases often lead to an increase in the stock's value as they reduce the number of shares outstanding, thereby increasing earnings per share. This could potentially make the stock more attractive to investors, leading to an increase in demand and subsequently, the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100