ACI Worldwide Plans Repurchase Of $400M In Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
ACI Worldwide has announced a new share repurchase plan worth $400 million, which includes $65 million remaining from its existing authorization. In 2024, the company has already repurchased 3 million shares for $106 million.
June 13, 2024 | 10:05 am
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ACI Worldwide has announced a $400 million share repurchase plan, which includes $65 million remaining from its existing authorization. The company has already repurchased 3 million shares for $106 million in 2024.
Share repurchase plans generally indicate that a company believes its stock is undervalued and can lead to a short-term increase in stock price due to reduced supply and increased demand. The substantial amount of $400 million suggests a strong commitment to returning value to shareholders.
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