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An update from TietoEVRY ( (GB:0KG0) ) is now available.
TietoEVRY has repurchased 70,000 of its own shares on the Helsinki Stock Exchange at an average price of EUR 18.3501 per share, for a total consideration of about EUR 1.28 million. Following this transaction, the company now holds 1,516,693 treasury shares, with the buyback conducted in line with EU market abuse and delegated regulations.
The latest repurchase supports TietoEVRY’s ongoing capital management strategy and may signal confidence in the company’s valuation and future prospects. The transaction slightly increases the proportion of shares held in treasury, which can be used flexibly for purposes such as employee incentive plans or potential future corporate actions, depending on the company’s capital allocation priorities.
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, branded as Tieto, is a leading software and digital engineering services company with global 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, Tieto Indtech and its Tieto Tech Consulting arm, supported by approximately 14,000 experts in vertical software, design, cloud and AI.
Average Trading Volume: 409,283
Current Market Cap: €2.19B
For a thorough assessment of 0KG0 stock, go to TipRanks’ Stock Analysis page.