S1 Corp. board approves more share buybacks

By Associated Press
September 10, 2008 | Comments (0)

Recs

0

Panic 2008... Profit 2009!

Fool -- Now's the time to invest! David and Tom Gardner's new book reveals their strategy for million dollar wealth.

Buy Now!

Financial software company S1 Corp. said Wednesday its board had authorized an increase to its previously approved stock repurchase program

Between May 2007 and August 2008, the company spent $52 million to repurchase 6.9 million shares, according to a quarterly report filed in August with the Securities and Exchange Commission. It has another $8 million available for repurchases, the company said in a press release Wednesday.

The company now has approval to buy up to 4 million shares of its common stock, using available cash, according to the release. The company did not say how much it might spend buying the shares.

Shares rose 8 cents to $6.77 in trading Wednesday afternoon.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 724652, ~/articles/articlehandler.aspx, 1/7/2009 11:29:22 PM

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.