Nigel Crossley Sells 212,403 Shares of Serco Group plc (LON:SRP) Stock

Serco Group plc (LON:SRP) insider Nigel Crossley sold 212,403 shares of Serco Group stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of GBX 186 ($2.35), for a total transaction of £395,069.58 ($500,024.78).

Serco Group Price Performance

LON SRP opened at GBX 184.30 ($2.33) on Friday. The company has a quick ratio of 0.98, a current ratio of 0.87 and a debt-to-equity ratio of 63.84. Serco Group plc has a 12-month low of GBX 135.30 ($1.71) and a 12-month high of GBX 193.10 ($2.44). The company has a market capitalization of £2.01 billion, a PE ratio of 1,023.89, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The firm’s 50 day moving average is GBX 184.06 and its 200-day moving average is GBX 165.45.

Serco Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be issued a GBX 2.27 ($0.03) dividend. The ex-dividend date is Thursday, April 18th. This is an increase from Serco Group’s previous dividend of $1.14. This represents a dividend yield of 1.27%. Serco Group’s dividend payout ratio (DPR) is 1,666.67%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of Serco Group in a report on Monday, February 26th.

About Serco Group

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.