Nope, it likely wouldn’t. Most of the time, buybacks are gimmicks used to goose the share price by increasing earnings per share. There are only a few exceptions where buybacks are not a gimmick and are simply used as a place to “dispose of” excess cash for companies with very high cash flow and few attractive places (more attractive than the company itself) to invest that excess cash. The two most visible examples are Apple and Berkshire Hathaway. And there are probably a few others out there.
Most of the time, a buyback will work (increase share price) over the short term, but long-term it’s very often a bad sign of weak management or a weak business climate approaching.