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An update from TietoEVRY ( (GB:0KG0) ) is now available.
TietoEVRY has repurchased 50,000 of its own shares on the Helsinki Stock Exchange at an average price of EUR 19.3317 per share, for a total consideration of EUR 966,585. Following this transaction, the company now holds 538,572 treasury shares, with the buyback conducted in line with applicable EU market abuse and delegated regulations.
The share repurchase underscores TietoEVRY’s active capital management strategy and may signal management’s confidence in the company’s valuation and long-term prospects. The transaction slightly increases the company’s treasury stock, potentially affecting future metrics such as earnings per share and providing flexibility for uses like incentive programs or balance sheet optimization.
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
TietoEVRY is a leading software and digital engineering services company with global market reach, generating around EUR 2 billion in annual revenue. It serves customers across multiple industries with mission-critical solutions via its specialized software units Tieto Caretech, Tieto Banktech and Tieto Indtech, alongside its Tieto Tech Consulting business, and is listed in Helsinki, Stockholm and Oslo.
Average Trading Volume: 375,580
Current Market Cap: €2.29B
For detailed information about 0KG0 stock, go to TipRanks’ Stock Analysis page.