Kainos Group PLC (LON:KNOS) Insider Sells £2,290,900 in Stock

Kainos Group PLC (LON:KNOS) insider Paul Gannon sold 369,500 shares of Kainos Group stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of GBX 620 ($8.10), for a total transaction of £2,290,900 ($2,993,466.61).

KNOS traded up GBX 12 ($0.16) on Monday, reaching GBX 640 ($8.36). 116,482 shares of the company traded hands, compared to its average volume of 42,606. The business has a 50 day moving average price of GBX 575.52. Kainos Group PLC has a 52-week low of GBX 334 ($4.36) and a 52-week high of GBX 650 ($8.49). The stock has a market cap of $773.33 million and a P/E ratio of 46.04.

The business also recently disclosed a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be given a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date is Thursday, September 26th. This is an increase from Kainos Group’s previous dividend of $2.80. This represents a yield of 1.1%. Kainos Group’s payout ratio is presently 0.94%.

Several research firms have recently weighed in on KNOS. Canaccord Genuity lifted their target price on shares of Kainos Group from GBX 590 ($7.71) to GBX 660 ($8.62) and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Shore Capital reissued a “buy” rating on shares of Kainos Group in a research report on Tuesday, May 28th.

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About Kainos Group

Kainos Group plc provides digital technology services and platforms for public and private organizations worldwide. The company operates through two divisions, Digital Services and Digital Platforms. The Digital Services division delivers customized online digital solutions, principally for central, regional, and local government departments and agencies, as well as for commercial sector organizations.

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