Unify to repurchase 300,000 of its shares

The board of Unify Corp., the Roseville-based provider of business software, has authorized the repurchase of up to 300,000 shares of its common stock.

As of Oct. 31, the company had about 10.1 million shares outstanding.

“Unify’s progress so far this year is ahead of our internal plans, and we believe the purchase of our own stock yields the best return on our excess cash,” said Todd Wille, Unify’s CEO.

Over the past year, the company’s stock has traded between $1.24 and $3.90 a share; it closed Wednesday at $3.07, up 7 cents on the Nasdaq market.

-Mark Glover