Insider Buying: Serco Group plc (LON:SRP) Insider Acquires £56,127 in Stock

Serco Group plc (LON:SRP) insider Anthony Kirby purchased 35,300 shares of Serco Group stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of GBX 159 ($2.11) per share, for a total transaction of £56,127 ($74,577.46).

Serco Group Stock Up 1.4%

Shares of SRP stock opened at GBX 174.20 ($2.31) on Monday. The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 62.40. Serco Group plc has a 1 year low of GBX 136.20 ($1.81) and a 1 year high of GBX 196.40 ($2.61). The firm’s fifty day moving average price is GBX 163.08 and its two-hundred day moving average price is GBX 159.03. The firm has a market capitalization of £1.76 billion, a P/E ratio of 13.57, a PEG ratio of 3.06 and a beta of 0.38.

Serco Group (LON:SRP) last issued its quarterly earnings results on Thursday, February 27th. The company reported GBX 16.67 ($0.22) earnings per share (EPS) for the quarter. Serco Group had a net margin of 2.87% and a return on equity of 13.70%. On average, equities analysts predict that Serco Group plc will post 17.552759 EPS for the current fiscal year.

Serco Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 9th. Stockholders of record on Thursday, April 10th were paid a dividend of GBX 2.82 ($0.04) per share. The ex-dividend date was Thursday, April 10th. This is a positive change from Serco Group’s previous dividend of $1.34. This represents a dividend yield of 1.77%. Serco Group’s payout ratio is currently 31.16%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “hold” rating on shares of Serco Group in a research report on Friday, February 7th.

Serco Group Company Profile