Share “FIS board OKs repurchase of up to $2B shares”

FIS board OKs repurchase of up to $2B shares

Published on NewsOK Modified: February 4, 2014 at 6:39 am •  Published: February 4, 2014

JACKSONVILLE, Fla. (AP) — Fidelity National Information Services Inc.'s board has approved the repurchase of up to $2 billion of its common stock.

The repurchase program replaces a previous $1 billion buyback which had about $174 million outstanding.

The payments technology company, known as FIS, is based in Jacksonville, Fla.

Its shares finished at $48.87 on Monday. Its shares have risen more than 32 percent over the past year.