Tyler Technologies (NYSE:TYL) said on Friday that its board has authorized a 2-million-share increase in its current stock repurchase program.
The Dallas-based provider of end-to-end information management solutions for local governments has already bought back some 1.476 million shares at a total cost of $35.7 million under the program, which was approved in June.
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Under the same authorization, the company may buy up to an additional 2.3 million shares periodically in the open market or through negotiated transactions.
Tyler has no obligation to finish the buyback program.