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Acxiom increases size of share-buyback program

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November 18, 2013 06:16 PM EST | AP


LITTLE ROCK, Ark. (AP) — Acxiom Corp. said Monday that its board increased its authority to buy back shares to $250 million from $200 million.

The data-services company said that it has spent $179 million to buy back 12 million shares — 14.6 percent of its outstanding stock — since the program began in August 2011.

The company said the authority to purchase shares extended over the next 12 months but could be ended at any time.

Acxiom shares fell 7 cents to close at $33.57.