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An announcement from TietoEVRY ( (GB:0KG0) ) is now available.
Tieto has repurchased 60,000 of its own shares on the Helsinki Stock Exchange at an average price of EUR 18.3267 per share, for a total consideration of about EUR 1.1 million. Following this transaction, the company now holds 906,693 treasury shares, with the buyback executed in line with EU market abuse and delegated regulations, underscoring its continued use of share repurchases as a capital management tool.
The share buyback may signal management’s confidence in Tieto’s valuation and provides additional flexibility for future uses of treasury shares, such as employee incentive plans or potential corporate transactions. The move also marginally reduces the free float, which can have a small impact on earnings per share and may be of interest to investors tracking the company’s capital allocation practices.
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 businesses in healthcare, banking, industrial sectors and technology consulting. The company employs around 14,000 experts in vertical software, design, cloud and AI, generates about EUR 2 billion in annual revenue, and is listed in Helsinki, Stockholm and Oslo.
Average Trading Volume: 429,929
Current Market Cap: €2.23B
Learn more about 0KG0 stock on TipRanks’ Stock Analysis page.