Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
TietoEVRY ( (GB:0KG0) ) has provided an update.
TietoEVRY has repurchased 50,000 of its own shares on the Helsinki Stock Exchange at an average price of EUR 18.688 per share, for a total consideration of EUR 934,400. Following this transaction, the company now holds 908,572 treasury shares, with the buyback conducted under EU market abuse and safe-harbour rules, signalling ongoing capital management and potential support for the share price.
The repurchase, executed by Nordea Bank on TietoEVRY’s behalf, aligns with the company’s broader financial policy and may enhance flexibility for future uses of treasury stock, such as incentive programs or balance sheet optimization. For investors, the move underscores management’s willingness to deploy capital to its own equity, which can be interpreted as confidence in the company’s valuation and long-term prospects.
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 a global market reach, generating about EUR 2 billion in annual revenue. It delivers mission‑critical solutions through specialized units such as Tieto Caretech, Banktech, Indtech and Tech Consulting, serving diverse industries with vertical software, cloud, design and AI expertise, and is listed in Helsinki, Stockholm and Oslo.
YTD Price Performance: 3.72%
Average Trading Volume: 399,980
Current Market Cap: €2.25B
For a thorough assessment of 0KG0 stock, go to TipRanks’ Stock Analysis page.