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TietoEVRY ( (GB:0KG0) ) has provided an update.
Tieto has repurchased 20,000 of its own shares on the Helsinki Stock Exchange at an average price of EUR 18.8659 per share, for a total consideration of EUR 377,318. Following this transaction, the company now holds 776,693 treasury shares, a move that may support capital management objectives and signal confidence in its long-term valuation.
The buyback was executed in accordance with the EU Market Abuse Regulation and related delegated rules, with Nordea Bank acting on behalf of Tieto. The additional shares held in treasury can be used to support future corporate purposes, such as incentive programs or strategic transactions, potentially affecting existing shareholders through changes in the free float over time.
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 global software and digital engineering services company, providing mission-critical solutions across sectors through its specialized Tieto Caretech, Tieto Banktech, Tieto Indtech and Tieto Tech Consulting units. With about 14,000 experts in vertical software, design, cloud and AI, the company generates roughly EUR 2 billion in annual revenue and is listed on the NASDAQ exchanges in Helsinki and Stockholm, as well as on Oslo Børs.
Average Trading Volume: 428,612
Current Market Cap: €2.25B
Find detailed analytics on 0KG0 stock on TipRanks’ Stock Analysis page.