PTC ANNOUNCES $2 BILLION SHARE REPURCHASE AUTHORIZATION [Yahoo! Finance]
PTC Inc. (PTC)
Last ptc inc. earnings: 4/29 04:01 pm
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investor.ptc.com
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Source: Yahoo! Finance
"This repurchase authorization demonstrates the Board's confidence in PTC's ability to drive customer value while enhancing shareholder returns, and supports PTC's capital allocation strategy," said Janice Chaffin , Chair of the Board. "PTC intends to repurchase approximately $300 million of our common stock in fiscal 2025, beginning in our first quarter, as we balance debt paydown with returning capital to shareholders. Our long-term goal remains to return approximately 50% of our free cash flow to shareholders via share repurchases, while also taking into consideration the interest rate environment and strategic opportunities," said Kristian Talvitie , CFO. PTC expects to make such repurchases through open market purchases, including under Rule 10b5-1 plans, and may repurchase shares through other methods as well. The specific timing and amount of repurchases will depend on a number of factors, including PTC's free cash flow, general business and economic conditions, alternat
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PTC
News
- PTC Inc. (NASDAQ: PTC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- PTC Inc. (NASDAQ: PTC) had its price target raised by analysts at Royal Bank of Canada from $202.00 to $230.00. They now have an "outperform" rating on the stock.MarketBeat
- PTC Inc. (NASDAQ: PTC) had its price target raised by analysts at Robert W. Baird from $226.00 to $228.00. They now have an "outperform" rating on the stock.MarketBeat
- PTC Inc. (NASDAQ: PTC) had its price target raised by analysts at Piper Sandler from $182.00 to $202.00. They now have a "neutral" rating on the stock.MarketBeat
- PTC's Q4 Earnings Surpass Estimates, Revenues Rise Y/Y, Shares Jump [Yahoo! Finance]Yahoo! Finance
PTC
Earnings
- 11/6/24 - Beat
PTC
Sec Filings
- 11/21/24 - Form 144
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- PTC's page on the SEC website