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The latest update is out from TietoEVRY ( (GB:0KG0) ).
Tieto has repurchased 30,000 of its own shares on the Helsinki Stock Exchange at an average price of EUR 18.9758 per share, for a total consideration of EUR 569,274. Following this transaction, the company now holds 846,693 treasury shares, with the buyback executed in line with EU Market Abuse Regulation and related delegated rules.
The share repurchase supports Tieto’s capital management strategy and may be used for purposes such as employee incentive programmes or other corporate needs, potentially enhancing earnings per share and signaling confidence in the company’s prospects to investors. The transaction underscores Tieto’s disciplined approach to balance-sheet optimization and its continued engagement with Nordic capital markets.
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 specialized units Tieto Caretech, Tieto Banktech, Tieto Indtech and Tieto Tech Consulting. The company employs around 14,000 experts in vertical software, design, cloud and AI, generates approximately EUR 2 billion in annual revenue and is listed in Helsinki, Stockholm and Oslo.
Average Trading Volume: 430,628
Current Market Cap: €2.21B
For an in-depth examination of 0KG0 stock, go to TipRanks’ Overview page.