Guidewire completed its previous share repurchase program and approved a new program to repurchase up to $500.0 million of its outstanding shares of common stock.
Repurchases under the new program may occur through open market transactions or privately negotiated deals based on market conditions and corporate needs.
The company expects to fund repurchases using existing cash and cash equivalents, working capital, or cash flows from operations.
Share Repurchase Program Completion
Guidewire completed its share repurchase program authorized in September 2022.
New Share Repurchase Program
The board approved a new program to repurchase up to $500.0 million of common stock.
Funding Strategy
Guidewire plans to fund repurchases with existing cash, cash equivalents, and cash flows from operations.
- Guidewire's decision to initiate a $500.0 million share repurchase program reflects confidence in its financial position and commitment to enhancing shareholder value.
- The flexibility to repurchase shares through various methods allows the company to adapt to market conditions and optimize capital allocation.
Guidewire's announcement of the share repurchase program highlights its focus on capital management and commitment to returning value to shareholders.