Insider Buying: PayPoint plc (LON:PAY) Insider Acquires 23 Shares of Stock

PayPoint plc (LON:PAY) insider Nick Wiles purchased 23 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was bought at an average price of GBX 531 ($6.56) per share, for a total transaction of £122.13 ($150.85).

Nick Wiles also recently made the following trade(s):

• On Thursday, February 22nd, Nick Wiles bought 25 shares of PayPoint stock. The shares were acquired at an average price of GBX 504 ($6.23) per share, for a total transaction of £126 ($155.63).

PayPoint Stock Down 0.2 %

Shares of LON PAY opened at GBX 526 ($6.50) on Friday. The firm’s 50-day moving average price is GBX 491.94 and its 200-day moving average price is GBX 508.64. The company has a current ratio of 0.85, a quick ratio of 0.65 and a debt-to-equity ratio of 98.19. The stock has a market capitalization of £382.35 million, a price-to-earnings ratio of 1,220.93, a P/E/G ratio of 31.13 and a beta of 0.90. PayPoint plc has a 12-month low of GBX 372.50 ($4.60) and a 12-month high of GBX 585.75 ($7.23).

PayPoint Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 5th. Investors of record on Thursday, February 1st were issued a dividend of GBX 9.50 ($0.12) per share. This represents a yield of 1.79%. This is an increase from PayPoint’s previous dividend of $9.30. The ex-dividend date was Thursday, February 1st. PayPoint’s dividend payout ratio is presently 8,837.21%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 675 ($8.34) target price on shares of PayPoint in a research report on Wednesday, March 20th.

About PayPoint

PayPoint plc engages in the provision of payments and banking, shopping, and e-commerce services and products in the United Kingdom. The company operates through two segments: PayPoint and Love2shop. The PayPoint segment provides card payment services to retailers, including leased payment devices; EPoS; ATM cash machines; SIM cards sales; receipt advertising; bill payment services and cash top-ups to individual consumers; parcel delivery and collection services; retailer service fees solutions; and digital payment services, as well as cash through to digital services.