Fiserv (NASDAQ:FISV) Authorized to Repurchase 5 Million Additional Shares

Fiserv, Inc. (NASDAQ:FISV) announced Monday that its Board of Directors has authorized a share repurchase of up to 5 million additional shares of the company's common stock, or around 3% of its total outstanding shares.

As of today, the company has about 1 million shares remaining in its previous repurchase authorization.

Fiserv may repurchase shares in the open market or in privately negotiated transactions at the discretion of management, under the new authorized plan.