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Aspen Technology, Inc. Buyback

OLI recorded this information on 8/30/2016

Company: Aspen Technology, Inc.
Buyback: AZPN buyback
$Amount Authorized: $100,000,000
Buyback Details: Aspen Technology, Inc. (NASDAQ:AZPN), a leading provider of software and services to the process industries, today announced that it has entered into an accelerated share repurchase ("ASR") agreement with J.P. Morgan Securities LLC, as agent for JPMorgan Chase Bank, National Association, London Branch ("JPMorgan") to repurchase $100 million of AspenTech common stock.

Aspen Technology supplies asset optimization solutions for industrial environments. Co.'s aspenONE solutions are organized into three suites: engineering; manufacturing and supply chain; and asset performance management. Co.'s engineering software is used to develop process designs of new plants, re-vamp existing plants, and optimize existing processes. Co.'s manufacturing software is used to optimize processing activities. Co.'s supply chain management software enables process manufacturers to reduce inventory levels, respond to market demands and optimize supply chain operations. Co.'s asset performance management software is used to understand and predict the reliability of a system.

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Company Name:  Aspen Technology Inc
Stock buyback:  AZPN buyback
Sector:  Application Software
Number of ETFs Holding AZPN:  44
Total Market Value Held by ETFs:  $873.67M
Total Market Capitalization:  $7.98B
% of Market Cap. Held by ETFs:  10.95%

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November 13, 2019    10:25 AM Eastern
Quotes delayed 20 minutes

Buy (3.43 out of 4)
58th percentile
(ranked higher than approx. 58% of all stocks covered)
Based on Zacks ABR data;
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