Fidelity National Information Services Inc.'s board has authorized another $250 million share repurchase program.
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The Jacksonville, Fla., provider of information technology products and services to banks said the repurchase plan, announced last week, replaces an existing program that had $117 million outstanding. The board had authorized that $200 million repurchase in October 2006.
Fidelity went public in January 2006 through a merger with the payment processor Certegy Inc. of St. Petersburg, Fla. Its majority owner, Fidelity National Financial Inc., also of Jacksonville, spun off its stake in November 2006.
The technology company had 197 million shares outstanding last Dec. 31 and a market capitalization on Friday of $7.4 billion.
