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Experian Cancels 399,266 Shares Under Ongoing Buyback Programme

Story Highlights
  • Experian is a FTSE 100 data and technology group providing analytics and software across financial, healthcare, automotive and other markets worldwide.
  • Experian repurchased and will cancel 399,266 shares under its ongoing buyback programme, reducing share count and potentially boosting earnings per share.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Experian Cancels 399,266 Shares Under Ongoing Buyback Programme

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Experian ( (GB:EXPN) ) has provided an update.

Experian, the global data and technology group, operates across financial services, healthcare, automotive and other sectors, supplying analytics, software and data-driven solutions to businesses and consumers worldwide. Headquartered in Dublin and listed in the FTSE 100, it supports lending, fraud prevention and digital marketing while helping individuals improve their financial outcomes.

The company has repurchased 399,266 of its ordinary shares on the London Stock Exchange as part of a previously announced buyback programme, paying a weighted average price of 2,667.5480 pence per share. These shares will be cancelled, effectively reducing the share count and potentially enhancing earnings per share, with further transactions under the programme to be disclosed weekly on Experian’s website.

The most recent analyst rating on (GB:EXPN) stock is a Hold with a £2872.00 price target. To see the full list of analyst forecasts on Experian stock, see the GB:EXPN Stock Forecast page.

Spark’s Take on EXPN Stock

According to Spark, TipRanks’ AI Analyst, EXPN is a Outperform.

Experian’s strong financial performance and positive earnings call sentiment are the most significant factors driving the stock score. However, technical indicators suggest a bearish trend, and the high P/E ratio indicates potential overvaluation. The company’s proactive share repurchase program positively impacts shareholder value.

To see Spark’s full report on EXPN stock, click here.

More about Experian

Experian is a global data and technology company that provides data, analytics and software to support lending, fraud prevention, healthcare administration, digital marketing and automotive insights. Listed on the London Stock Exchange as a FTSE 100 constituent, it serves clients across financial services, healthcare, automotive, agrifinance and insurance, with operations in 33 countries and headquarters in Dublin, Ireland.

The group also offers consumer-focused services that help millions of individuals manage credit, pursue financial goals and save time and money. Experian continues to invest in advanced technologies and skilled talent to unlock the value of data and strengthen its position as a leading information services provider worldwide.

YTD Price Performance: -20.93%

Average Trading Volume: 4,535,693

Technical Sentiment Signal: Hold

Current Market Cap: £23.91B

For an in-depth examination of EXPN stock, go to TipRanks’ Overview page.

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