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TietoEVRY ( (GB:0KG0) ) has provided an update.
Tieto has repurchased 50,000 of its own shares on the Helsinki Stock Exchange at an average price of EUR 18.4695 per share, for a total consideration of EUR 923,475. Following this transaction, the company now holds 1,360,000 treasury shares, with the buyback conducted in accordance with EU market abuse and share repurchase regulations.
The move underscores Tieto’s continued use of share buybacks as a capital management tool, which can support its share price, optimize its balance sheet and potentially enhance earnings per share for investors. The execution via Nordea Bank and compliance with MAR rules also signal a structured and transparent approach to managing its equity position in the 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 a global market reach, providing mission‑critical solutions through its specialized software units Tieto Caretech, Tieto Banktech and Tieto Indtech, as well as its Tieto Tech Consulting business. The company employs about 14,000 experts in vertical software, design, cloud and AI, generates annual revenue of around EUR 2 billion, and its shares are listed in Helsinki, Stockholm and on Oslo Børs.
Average Trading Volume: 405,488
Current Market Cap: €2.19B
For a thorough assessment of 0KG0 stock, go to TipRanks’ Stock Analysis page.