CEC Entertainment Inc., the operator of the Chuck E. Cheese chain of pizza and entertainment centers, recently reported a third-quarter profit above Wall Street expectations and said it would buy back $200 million in stock. The stock trades for 5.5x cash flow.

Coating, plastics and chemical maker Eastman Chemical Co. said Friday its board approved the repurchase of up to $700 million worth of additional stock. The company plans to continue using cash on hand to pay for dividends and growth projects, and to buy back shares. The stock trades for 6x cash flow.

NewMarket Corp., which makes chemical additives for petroleum products, said Friday its board of directors approved a buyback of up to $50 million shares through Dec. 31, 2009. The stock trades for 7x cash flow.

Integrated Device Technologies recently announced a $200 million dollar buyback. Integrated Device Technology, Inc. (IDT) develops, manufactures, and markets mixed-signal semiconductor solutions for the communications, computing, and consumer industries. The stock has a forward PE of 13x.

United America Indemnity recently announced a $50 million dollar buyback. United America Indemnity, Ltd., through its wholly owned subsidiaries, operates as a specialty property and casualty insurer in the United States. The stock trades for 5x cash flow.

AutoNation recently announced a $250 million dollar buyback. AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The stock trades for 8x cash flow.

SEI Investments Co.'s recently announced that profit jumped 21 percent in the third quarter, as the investment manager and adviser collected more fees for helping clients invest their money. It also announced it would buy back 100M of its stock. The stock trades for 9x cash flow.

The consulting and outsourcing company said it will add $3 billion to its existing buyback plan, which has $1.65 billion remaining to be repurchased. On top of increasing its buyback, ACN recently blew past the street's expectations by recording its highest ever annual revenues and EPS. Fourth quarter revenue jumped 29% to $5.11 billion along with annual revenue which climbed 18% to $19.7 billion. EPS for the fourth quarter came in at 50 cents a share while full year EPS increased 24% to $1.97 a share. Shareholders were also pleased to hear Accenture's board boosted its annual dividend by 7 cents, or 20% to 42 cents a share. Accenture's chairman and CEO, William D. Green noted, "Demand for our services, particularly in consulting, remains robust. Our outstanding performance and continued momentum reflect the strength of our diverse and durable global business, enabling us to differentiate ourselves from competitors and establish a unique market position based on helping clients become high-performance businesses." Equity research firm Credit Suisse added, "With global business investment technology spending intact, we believe Accenture has some attractive investment qualities including double-digit organic growth, expanding operating margins and strong free cash flow." On that note, they maintain their outperform rating and a $48 price target. In addition, they increased their full year 2008 EPS to $2.32 from $2.27 and set 2009 full year EPS forecasts at $2.61.