Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Vitec Software Group AB Class B ( ($SE:VIT.B) ) has shared an update.
Vitec Software Group’s Board of Directors has resolved to acquire up to 150,000 of its own class B shares on Nasdaq Stockholm to support its employee share savings programs and manage related social security costs. This strategic move, authorized by the Annual General Meeting, is part of Vitec’s ongoing efforts to enhance its operational framework and stakeholder value, reflecting its commitment to long-term growth and stability.
The most recent analyst rating on ($SE:VIT.B) stock is a Buy with a SEK408.00 price target. To see the full list of analyst forecasts on Vitec Software Group AB Class B stock, see the SE:VIT.B Stock Forecast page.
More about Vitec Software Group AB Class B
Vitec Software Group is a leading provider of Vertical Software, headquartered in Umeå, Sweden. The company develops products tailored to specific niche markets, focusing on long-term growth through both business unit success and strategic acquisitions. Vitec has 1,680 employees, is listed on Nasdaq Stockholm, and reported net sales of SEK 3,334 million in 2024.
Average Trading Volume: 80,946
Technical Sentiment Signal: Sell
Current Market Cap: SEK14.63B
See more insights into VIT.B stock on TipRanks’ Stock Analysis page.