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Fiserv Announces Share Repurchase Authorization

1. FI board approves share buyback of 60 million shares. This may boost investor confidence. 2. Management can execute repurchases in various ways. The move signals strategic capital allocation.

Shares Buyback
-1.73%Current Return
VS
-2.01%S&P 500
$236.3402/20 07:45 AM EDTEvent Start
$232.2502/21 02:23 PM EDTLatest Updated
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FAQ

Why Bullish?

The buyback indicates management's confidence in the firm’s value, potentially reducing share float and increasing EPS. Historical examples include similar announcements from tech and financial firms leading to short-term rally in stock prices.

How important is it?

The substantial repurchase authorization could materially influence FI's share structure and valuation, making it a significant event for investors.

Why Short Term?

Buyback announcements often trigger immediate investor optimism and buying pressure, as seen with previous buyback programs in the financial sector.

Related Companies

FISGPN
MILWAUKEE--(BUSINESS WIRE)--Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced that its Board of Directors has authorized it to repurchase 60 million shares of the company's common stock, which is in addition to the shares remaining available under the company's existing authorization. Fiserv may repurchase shares in the open market or in privately negotiated transactions at the discretion of management, subject to its assessment of.

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