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Aptitude Software Buys Back 14,000 Shares, Reduces Free Float to 55.4 Million

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Aptitude Software Buys Back 14,000 Shares, Reduces Free Float to 55.4 Million

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Aptitude Software Group plc ( (GB:APTD) ) has shared an update.

Aptitude Software Group plc has repurchased 14,000 ordinary shares at 288 pence each on the London Stock Exchange as part of its ongoing share buyback programme, with the shares to be held in treasury. Following this transaction, the company now holds 696,900 shares in treasury and has reduced the number of ordinary shares in issue and admitted to trading to 55,414,064, a figure shareholders will use to assess notifiable changes in their ownership stakes under regulatory disclosure rules.

The most recent analyst rating on (GB:APTD) stock is a Buy with a £326.00 price target. To see the full list of analyst forecasts on Aptitude Software Group plc stock, see the GB:APTD Stock Forecast page.

Spark’s Take on GB:APTD Stock

According to Spark, TipRanks’ AI Analyst, GB:APTD is a Outperform.

Aptitude Software Group plc shows strong financial health and strategic capital management through share buybacks, which are significant positives. However, technical indicators suggest a neutral to slightly cautious outlook, and the high P/E ratio indicates potential overvaluation. The absence of earnings call data limits insights into future guidance.

To see Spark’s full report on GB:APTD stock, click here.

More about Aptitude Software Group plc

Aptitude Software Group plc is a market-leading provider of finance transformation software solutions focused on delivering fully autonomous finance for its clients. Its flagship platform, Fynapse, is an intelligent finance data management and accounting solution designed to boost productivity and reduce costs for finance teams globally by offering a single view of finance and business data, high levels of automation, rapid insights, and a competitive total cost of ownership.

Average Trading Volume: 24,671

Technical Sentiment Signal: Strong Sell

Current Market Cap: £161M

For an in-depth examination of APTD stock, go to TipRanks’ Overview page.

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