Tieto Buys Back 160,000 Shares in Ongoing Capital Management Program

The latest announcement is out from TietoEVRY ( (GB:0KG0) ).

Tieto has continued its share repurchase program on the Helsinki Stock Exchange, buying back 160,000 shares during week 20 at an average price of EUR 19.4342, for a total consideration of about EUR 3.1 million. Following these transactions, the company now holds 810,000 of its own shares, with the buybacks executed by Nordea Bank Oyj in compliance with EU market abuse and delegated regulations.

The ongoing repurchases underscore Tieto’s active capital management strategy, which can support share liquidity and potentially enhance shareholder value by reducing the free float. By adhering to strict regulatory frameworks while consolidating its treasury share position, the company reinforces its governance credentials and signals confidence in its long-term prospects to investors across its Nordic and global markets.

The most recent analyst rating on (GB:0KG0) stock is a Buy with a EUR21.00 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 specialized units in healthcare, banking, industry and consulting. The company employs around 14,000 experts in vertical software, design, cloud and AI, generates annual revenue of about EUR 2 billion and is listed on stock exchanges in Helsinki, Stockholm and Oslo.

YTD Price Performance: 9.95%

Average Trading Volume: 347,369

Current Market Cap: €2.28B

For detailed information about 0KG0 stock, go to TipRanks’ Stock Analysis page.