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Aptitude Software Buys Back 8,000 Shares, Reduces Free-Float to 55.6 Million

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Aptitude Software Buys Back 8,000 Shares, Reduces Free-Float to 55.6 Million

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Aptitude Software Group plc ( (GB:APTD) ) just unveiled an announcement.

Aptitude Software Group plc has repurchased 8,000 ordinary shares at 288 pence each on the London Stock Exchange under its ongoing share buyback programme, with the shares to be held in treasury. Following this transaction, Aptitude now holds 516,000 shares in treasury and has reduced the number of ordinary shares in issue and admitted to trading to 55,594,964, a change that may affect shareholder disclosure thresholds and signals continued execution of its capital management strategy.

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 focused on delivering fully autonomous finance for global clients. Its core offering includes Fynapse, an intelligent finance data management and accounting platform that provides a single view of finance and business data, high performance automation, improved insights, user-friendly functionality and a market-leading total cost of ownership for finance teams worldwide.

Average Trading Volume: 33,117

Technical Sentiment Signal: Strong Sell

Current Market Cap: £161.3M

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

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