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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 19.96 per share, for a total consideration of about EUR 598 749. Following this transaction, the company now holds 590 000 treasury shares, and the buyback was executed in line with European market abuse and delegated regulations.
The latest share repurchase supports Tieto’s ongoing capital management strategy and may enhance shareholder value by reducing the free float of its stock. By conducting the buyback under strict regulatory frameworks, the company reinforces its commitment to compliant market operations and signals financial flexibility that could influence investor perception and trading liquidity.
The most recent analyst rating on (GB:0KG0) stock is a Buy with a EUR21.00 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 providing mission-critical solutions through specialized businesses in care, banking and industry, alongside its tech consulting operations. With around 14 000 experts in vertical software, design, cloud and AI, the company generates about EUR 2 billion in annual revenue and is listed in Helsinki, Stockholm and Oslo.
Average Trading Volume: 403,023
Current Market Cap: €2.3B
For a thorough assessment of 0KG0 stock, go to TipRanks’ Stock Analysis page.