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An update from TietoEVRY ( (GB:0KG0) ) is now available.
Tieto has repurchased 50,000 of its own shares on the Helsinki Stock Exchange at an average price of EUR 18.7778 per share, for a total consideration of about EUR 938,890. Following this transaction, the company now holds 706,693 treasury shares, with the buyback conducted in line with EU market abuse and share repurchase regulations.
The latest repurchase continues Tieto’s use of share buybacks as a capital management tool, potentially supporting earnings per share and offering flexibility for future uses such as incentive plans or balance sheet optimization. The move may also signal management’s confidence in the company’s valuation and long‑term prospects in the competitive software and digital engineering services market.
The most recent analyst rating on (GB:0KG0) stock is a Hold with a EUR18.00 price target. To see the full list of analyst forecasts on TietoEVRY stock, see the GB:0KG0 Stock Forecast page.
More about TietoEVRY
Tieto is a leading software and digital engineering services company with global market reach, providing mission‑critical solutions through its specialized Tieto Caretech, Tieto Banktech, Tieto Indtech and Tieto Tech Consulting businesses. The company employs around 14,000 experts in vertical software, design, cloud and AI, generates roughly EUR 2 billion in annual revenue, and is listed in Helsinki, Stockholm and on Oslo Børs.
Average Trading Volume: 430,003
Current Market Cap: €2.2B
Learn more about 0KG0 stock on TipRanks’ Stock Analysis page.