ACI Worldwide, Inc. (ACIW), a leading provider of mission-critical, real-time payment software, announced on Thursday that its Board of Directors has authorized the repurchase of $400 million worth of its common stock.
This new approval includes the remaining $65 million from the company's prior share repurchase authorization.
Year-to-date in 2024, ACI Worldwide has repurchased approximately 3 million shares totaling $106 million.
The company intends to carry out these repurchases at the discretion of its management, using methods such as open market purchases, privately negotiated transactions, and Rule 10b5-1 plans. Notably, this authorization does not have an expiration date.
