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Aptitude Software Buys Back 9,000 Shares, Trims Free Float to 55.6 Million

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Aptitude Software Buys Back 9,000 Shares, Trims Free Float to 55.6 Million

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Aptitude Software Group plc ( (GB:APTD) ) has issued an announcement.

Aptitude Software Group plc has repurchased 9,000 ordinary shares at 287 pence each on the London Stock Exchange under its ongoing share buyback programme, with the shares to be held in treasury. Following this transaction, the company now holds 525,000 shares in treasury and has reduced the number of shares in issue and admitted to trading to 55,585,964, a change relevant for investors monitoring their disclosure thresholds under UK transparency 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 global clients. Its flagship platform, Fynapse, is an intelligent finance data management and accounting solution designed to boost productivity and lower costs for finance teams by providing a single view of finance and business data, high levels of automation, improved insight generation and a competitive total cost of ownership.

Average Trading Volume: 26,489

Technical Sentiment Signal: Sell

Current Market Cap: £161.2M

See more insights into APTD stock on TipRanks’ Stock Analysis page.

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