Tieto Expands Treasury Share Holding With Regulated Buyback on Helsinki Exchange

TietoEVRY ( (GB:0KG0) ) has issued an announcement.

Tieto has repurchased 30,000 of its own shares on the Helsinki Stock Exchange at an average price of EUR 18.4384 per share, for a total consideration of about EUR 553,152. Following this transaction, the company holds 1,390,000 of its own shares, with the buyback executed in line with European market abuse and share repurchase regulations.

The latest repurchase continues Tieto’s use of share buybacks as a capital management tool, which can support earnings per share and signal confidence in the company’s valuation. The transaction underlines disciplined adherence to EU regulatory frameworks while potentially enhancing flexibility for future incentive programs or balance sheet optimization, factors closely watched by investors.

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, generating around EUR 2 billion in annual revenue. It provides mission-critical solutions through specialized units Tieto Caretech, Tieto Banktech, Tieto Indtech and Tieto Tech Consulting, serving diverse industries with vertical software, cloud, AI and design expertise, and is listed in Helsinki, Stockholm and Oslo.

YTD Price Performance: 2.55%

Average Trading Volume: 410,056

Current Market Cap: €2.15B

Learn more about 0KG0 stock on TipRanks’ Stock Analysis page.