ACI Worldwide Board Authorized Share Buyback Of $400M Shares In Q2
Portfolio Pulse from Benzinga Newsdesk
ACI Worldwide's Board of Directors authorized a $400 million share buyback in Q2 2024, and the company repurchased 1.7 million shares for approximately $57 million during the quarter.
August 01, 2024 | 10:11 am
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ACI Worldwide's Board of Directors authorized a $400 million share buyback in Q2 2024, and the company repurchased 1.7 million shares for approximately $57 million during the quarter.
Share buybacks typically signal confidence from the company's management and can lead to a short-term increase in stock price due to reduced share supply and increased earnings per share.
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