NCR Corporation today announced that it has commenced further repurchases of its common stock under its previously disclosed April 1999 and November 2000 authorized share repurchase programs. The repurchases, which resumed in February, are expected to total $250 million in 2016. These repurchases follow NCR’s successful $1 billion share repurchase in December 2015.

“Share repurchases are an important part of our capital allocation strategy,” said Chairman and CEO Bill Nuti. “Further, these repurchases are an indication of our confidence in future free cash flow, and our belief that the current stock price is very attractive.”

Any share repurchases will be made by NCR in compliance with, and at such times as permitted by, federal securities law and may be suspended or discontinued at any time.

As a result of the share repurchases, NCR is updating its full year 2016 guidance for non-GAAP diluted EPS to $2.85 to $2.95 from its previous guidance of $2.72 to $2.82 as well as its full year 2016 guidance for GAAP diluted EPS to $2.20 to $2.30 from its previous guidance of $2.07 to $2.17. In addition to updating full year 2016 diluted EPS guidance, NCR also reaffirms its full year 2016 and Q1 2016 guidance previously provided in its earnings call on February 9, 2016.