Bytes Technology Group (LON:BYIT) Insider Sam Mudd Buys 25,000 Shares of Stock

Bytes Technology Group plc (LON:BYIT) insider Sam Mudd purchased 25,000 shares of the business’s stock in a transaction on Monday, July 13th. The shares were bought at an average price of GBX 413 per share, for a total transaction of £103,250.

Bytes Technology Group Trading Down 0.6%

LON BYIT opened at GBX 414.89 on Tuesday. Bytes Technology Group plc has a 12-month low of GBX 232.92 and a 12-month high of GBX 431.60. The company has a fifty day simple moving average of GBX 364.78 and a two-hundred day simple moving average of GBX 332.39. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 2.44. The stock has a market cap of £967.30 million, a P/E ratio of 20.00, a P/E/G ratio of 2.27 and a beta of 0.71.

Bytes Technology Group (LON:BYIT) last announced its quarterly earnings data on Tuesday, May 12th. The company reported GBX 21.40 earnings per share for the quarter. Bytes Technology Group had a net margin of 23.25% and a return on equity of 64.69%. The firm had revenue of £220.56 million for the quarter. On average, analysts forecast that Bytes Technology Group plc will post 11.3463262 earnings per share for the current year.

Analyst Ratings Changes

BYIT has been the topic of several research analyst reports. UBS Group reiterated a “neutral” rating and set a GBX 305 price target on shares of Bytes Technology Group in a research note on Monday, May 11th. Shore Capital Group reaffirmed a “hold” rating on shares of Bytes Technology Group in a report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 390 target price on shares of Bytes Technology Group in a research report on Wednesday, May 13th. Jefferies Financial Group increased their price target on shares of Bytes Technology Group from £3,200 to £3,700 and gave the stock a “hold” rating in a report on Thursday, June 25th. Finally, Berenberg Bank reduced their price target on shares of Bytes Technology Group from GBX 390 to GBX 360 and set a “hold” rating for the company in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of £620.17.

Bytes Technology Group Company Profile

BTG is one of the UK and Ireland’s leading software, security, AI and cloud services specialists. With a team of more than 1,200 talented people, it serves around 6,000 customers in the corporate and public sectors, building lasting, trust-based relationships to help organisations get the most from the latest transformative technologies shaping our world.

As a value-added reseller, BTG works hand in hand with more than 100 of the world’s biggest vendors who make or distribute the software, hardware and other IT products that it provides to its customers.