Acxiom Increases Stock Buyback Authorization To $250 Mln

(RTTNews) - Acxiom Corp. (ACXM) said Monday that its Board of Directors has increased its share repurchase authorization from $200 million to $250 million.

Since inception of the program in August 2011, the company has repurchased 12 million shares for about $179 million, resulting in the repurchase of about 14.% of the company's outstanding shares.

"Return of capital to our shareholders remains a priority for our company," said Acxiom CFO Warren Jenson. "We are pleased to again increase our share repurchase authorization while at the same time maintaining a strong balance sheet and investing for our future with new, ground breaking technology." The company is authorized to repurchase shares from time to time over the next 12 months in open market or privately negotiated transactions, depending on prevailing market conditions and other factors.