FIS Says Remains Committed To Shareholder Returns And Is Increasing Its Goal To Repurchase ~$4B Of Shares In 2024, Up From Previous Goal Of At Least $3.5B
Portfolio Pulse from Benzinga Newsdesk
FIS has announced its commitment to enhancing shareholder returns by increasing its share repurchase goal to approximately $4 billion in 2024, up from the previous target of at least $3.5 billion.
May 06, 2024 | 8:10 pm
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FIS plans to increase its share repurchase program to around $4 billion in 2024, indicating a strong commitment to returning value to shareholders and potentially positive impacts on stock price.
Increasing the share repurchase goal signals confidence in the company's financial health and future prospects. This action can reduce the number of shares outstanding, potentially increasing earnings per share (EPS) and the stock price. Given the significant increase from $3.5 billion to $4 billion, this move is likely to be viewed positively by investors, leading to a short-term positive impact on FIS's stock price.
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