Caijie Group Significantly Expands Share Repurchase Program Amid Market Volatility

LootboxPhobia · 2026-03-16T21:04:55+00:00

Fiserv announced it will accelerate its share repurchase program, planning to deploy up to $3.5 billion, with the expected repurchase amount nearly doubling. The company's executive team terminated pre-planned stock sale arrangements, believing the company's stock price does not align with its intrinsic value. The chairman stated that by combining technology with human expertise, the company will provide customers with greater confidence and better service.

LootboxPhobia

2026-03-16 21:04:55

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Investing.com - Intuit (NASDAQ:INTU) announced on Monday that it will significantly accelerate its share repurchase program, while the company’s founders and executive team have terminated their pre-arranged stock sale plans.

The financial software company stated that it plans to use up to $3.5 billion of its remaining authorized repurchase capacity through the second quarter of fiscal 2026 (ending January 31). Under current market conditions, executing the remaining authorization will roughly double the pace of buybacks in the first half of the year, and the total buyback amount for the year will also nearly double compared to the previous year.

In the first half of this fiscal year, Intuit repurchased $1.8 billion worth of shares, a 40% increase from the same period last year. The company disclosed its active share repurchase plan in its second-quarter 10-Q filing submitted on February 26.

Intuit’s executive team and founders have terminated all existing pre-arranged stock sale plans under Rule 10b5-1. Management stated that the current stock price is severely misaligned with its fundamental value.

The buybacks under the remaining authorization, combined with expected dividends, will represent a substantial increase in capital returned to shareholders for fiscal 2026.

Sasan Goodarzi, Chairman and CEO of Intuit, said: “In our business, consumers and businesses make high-risk financial decisions, and accuracy, compliance, security, and trust are critical, with high accountability for errors. That’s why customers need human expertise — they buy confidence, not just code, which is why they spend at least seven times more on accounting and tax human experts than on software. Our AI-powered expert platform combines technology and AI-enabled human expertise to deliver a one-stop service experience and complete confidence.”

Goodarzi added: “By combining data, AI, and human intelligence, we are expanding into markets beyond software categories to become the AI-driven human-machine interface that customers need, giving them complete confidence while increasing average revenue per customer and profit margins, enabling accelerated growth.”

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