Nigel Crossley Sells 45,409 Shares of Serco Group plc (LON:SRP) Stock

Serco Group plc (LON:SRP) insider Nigel Crossley sold 45,409 shares of Serco Group stock in a transaction dated Friday, March 28th. The stock was sold at an average price of GBX 157 ($2.03), for a total transaction of £71,292.13 ($92,168.24).

Serco Group Stock Performance

SRP opened at GBX 159.57 ($2.06) on Wednesday. The firm has a market cap of £1.62 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The business’s fifty day moving average is GBX 158.56 and its 200-day moving average is GBX 161.54. Serco Group plc has a 52-week low of GBX 136.20 ($1.76) and a 52-week high of GBX 196.40 ($2.54). The company has a debt-to-equity ratio of 62.40, a quick ratio of 0.98 and a current ratio of 0.91.

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

Serco Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, April 10th will be issued a GBX 2.82 ($0.04) dividend. This represents a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Serco Group’s previous dividend of $1.34. Serco Group’s dividend payout ratio (DPR) is currently 31.16%.

Analyst Upgrades and Downgrades

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

About Serco Group