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home / news releases / SPSC - SPS Commerce announces $50M stock buyback plan

SPSC - SPS Commerce announces $50M stock buyback plan

SPS Commerce Inc.
  • SPS Commerce ( NASDAQ: SPSC ) has announced a new share repurchase plan to buyback up to $50M of its common stock.
  • The company’s Nov 2021 program that previously authorized repurchase of up to $50M will terminate when the new program goes into effect on August 26, 2022. Repurchases will be funded with cash on hand.
  • As of June 30, 2022, SPSC had 36M shares of outstanding common stock.
  • The new program will expire on July 26, 2024.
  • In other news, the company reported better-than-expected Q2 results today

For further details see:

SPS Commerce announces $50M stock buyback plan
Stock Information
Company Name: SPS Commerce Inc.
Stock Symbol: SPSC
Market: NASDAQ
Website: spscommerce.com
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