LON:BYIT Bytes Technology Group (BYIT) Share Forecast, Price & News GBX 525 +9.50 (+1.84%) (As of 01:06 PM ET) Add Compare Share Share Today's Range 520▼ 53050-Day Range 363▼ 52652-Week Range 353.40▼ 530Volume1.05 million shsAverage Volume787,235 shsMarket Capitalization£1.26 billionP/E Ratio3,281.25Dividend Yield1.33%Price TargetGBX 527.25 ProfileProfileAnalyst RatingsChartCompetitorsDividendInsider TradesHeadlinesProfileAnalyst RatingsChartCompetitorsDividendInsider TradesHeadlines Bytes Technology Group MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside0.4% UpsideGBX 527.25 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.19 out of 5 stars 1.5 Analyst's Opinion Consensus RatingBytes Technology Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of GBX 527.25, Bytes Technology Group has a forecasted upside of 0.4% from its current price of GBX 525.Amount of Analyst CoverageBytes Technology Group has only been the subject of 3 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for BYIT. Previous Next 0.8 Dividend Strength Dividend YieldBytes Technology Group pays a meaningful dividend of 1.45%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthBytes Technology Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Bytes Technology Group is 4,375.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BYIT. Previous Next 2.5 News and Social Media Coverage News SentimentBytes Technology Group has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for Bytes Technology Group this week, compared to 0 articles on an average week.MarketBeat Follows2 people have added Bytes Technology Group to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bytes Technology Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 9.34% of the stock of Bytes Technology Group is held by insiders.Percentage Held by Institutions64.67% of the stock of Bytes Technology Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Bytes Technology Group is 3,281.25, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 124.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Bytes Technology Group is 3,281.25, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 322.03.Price to Earnings Growth RatioBytes Technology Group has a PEG Ratio of 2.27. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioBytes Technology Group has a P/B Ratio of 20.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Bytes Technology Group (LON:BYIT) StockBytes Technology Group plc offers software, IT security, hardware, and cloud services in the United Kingdom, rest of Europe, and internationally. The company sells servers, laptops, and other devices; various cloud-based and non-cloud-based licenses; and externally and internally provided training and consulting services. It also offers IT consulting and support services, including IT deployment and training. The company sells its products and services under the Bytes Software Services and Phoenix brands. It serves small- and medium-sized businesses, enterprises, and public sector organizations. The company was founded in 1982 and is headquartered in Leatherhead, the United Kingdom.Read More Receive BYIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Bytes Technology Group and its competitors with MarketBeat's FREE daily newsletter. Email Address BYIT Stock News HeadlinesJune 2, 2023 | msn.comBytes Technology Group (BYIT) Price Target Increased by 5.31% to 575.28May 27, 2023 | americanbankingnews.comBytes Technology Group (LON:BYIT) Earns Overweight Rating from BarclaysJune 5, 2023 | Stansberry Research (Ad)The gold catalyst we've waited forBecause even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.May 25, 2023 | msn.comBarclays Reiterates Bytes Technology Group (BYIT) Overweight RecommendationMay 25, 2023 | americanbankingnews.comBytes Technology Group plc (BYIT) to Issue Dividend of GBX 12.60 on August 4thMay 25, 2023 | americanbankingnews.comPeel Hunt Reiterates Buy Rating for Bytes Technology Group (LON:BYIT)May 24, 2023 | msn.comPeel Hunt Limited Reiterates Bytes Technology Group (BYIT) Buy RecommendationMay 24, 2023 | finance.yahoo.comWhat Is Bytes Technology Group plc's (LON:BYIT) Share Price Doing?June 5, 2023 | Stansberry Research (Ad)The gold catalyst we've waited forBecause even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.May 4, 2023 | finance.yahoo.comIf EPS Growth Is Important To You, Bytes Technology Group (LON:BYIT) Presents An OpportunityApril 29, 2023 | americanbankingnews.comBytes Technology Group (LON:BYIT) Reaches New 12-Month High at $527.13April 5, 2023 | finance.yahoo.comPositive earnings growth hasn't been enough to get Bytes Technology Group (LON:BYIT) shareholders a favorable return over the last yearMarch 27, 2023 | americanbankingnews.comBytes Technology Group (LON:BYIT) Stock Rating Reaffirmed by Jefferies Financial GroupJanuary 30, 2023 | finance.yahoo.comEstimating The Fair Value Of Bytes Technology Group plc (LON:BYIT)January 14, 2023 | finance.yahoo.comTrade Alert: The CEO & Director Of Bytes Technology Group plc (LON:BYIT), Neil Murphy, Has Just Spent UK£169k Buying 1.2% More SharesDecember 31, 2022 | msn.comBits n Bytes:Know about startup, business news in PuneDecember 13, 2022 | finance.yahoo.comIs Now An Opportune Moment To Examine Bytes Technology Group plc (LON:BYIT)?October 29, 2022 | finance.yahoo.comBytes Technology Group (LON:BYIT) Has Announced That It Will Be Increasing Its Dividend To £0.024October 28, 2022 | msn.comBytes Technology posts another six months of double-digit growth on rising IT spend in UKOctober 27, 2022 | finance.yahoo.comThe one-year underlying earnings growth at Bytes Technology Group (LON:BYIT) is promising, but the shareholders are still in the red over that timeOctober 8, 2022 | msn.comBits’n’bytes: Know about startup, business news in PuneSeptember 11, 2022 | uk.investing.comBytes Technology Ltd (BYIT)August 18, 2022 | finance.yahoo.comBytes Technology Group plc's (LON:BYIT) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?August 18, 2022 | finance.yahoo.comBytes Technology Group plc's (LON:BYIT) Intrinsic Value Is Potentially 21% Below Its Share PriceAugust 8, 2021 | fool.co.ukBytes Technology Group plc (LSE:BYIT)August 6, 2021 | fool.co.ukWould I buy Deliveroo shares now?July 22, 2021 | lse.co.ukBytes Tech Regulatory NewsSee More Headlines BYIT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Industry, Sector and Symbol Stock ExchangeLON Industry Software - Application Sub-IndustryN/A SectorComputer and Technology Current SymbolLON:BYIT CUSIPN/A CIKN/A Webwww.bytes.co.uk Phone44 1372 418 500FaxN/AEmployees685Year FoundedN/APrice Target and Rating Average Stock Price ForecastGBX 527.25 High Stock Price ForecastGBX 640 Low Stock Price ForecastGBX 480 Forecasted Upside/Downside+0.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)GBX 0.16 Trailing P/E Ratio3,281.25 Forward P/E Ratio18.15 P/E Growth2.27Net Income£40.42 million Net Margins21.92% Pretax MarginN/A Return on Equity74.12% Return on Assets10.52% Debt Debt-to-Equity Ratio1.61 Current Ratio1.05 Quick Ratio0.98 Sales & Book Value Annual Sales£184.42 million Price / Sales6.82 Cash FlowGBX 19.68 per share Price / Cash Flow26.67 Book ValueGBX 26 per share Price / Book20.19Miscellaneous Outstanding Shares239,480,000Free FloatN/AMarket Cap£1.26 billion OptionableNot Optionable Beta0.86 Key ExecutivesMr. Neil R. Murphy (Age 55)CEO & Director Comp: $739.36kMr. Andrew J. Holden (Age 56)CFO, COO & Exec. Director Comp: $398.97kMs. Sam Mudd (Age 53)Phoenix Managing Director Paul EmmsDirector of Group Fin.Mr. Jack Watson (Age 39)MD - Bytes Software Services Willem Karel Groenewald (Age 40)Company Sec. More ExecutivesKey CompetitorsKape TechnologiesLON:KAPEBlue Prism GroupLON:PRSMAuction Technology GroupLON:ATGIntegraFinLON:IHPKainos GroupLON:KNOSView All CompetitorsInsidersNeil MurphyBought 12,873 shares on 2/1/2023Total: £5.07 M ($394.00/share)Neil MurphyBought 6,531 shares on 1/6/2023Total: £2.49 M ($381.00/share)David MawBought 3,000 shares on 10/26/2022Total: £1.11 M ($371.00/share)Alison VincentBought 2,375 shares on 8/24/2022Total: £999,875.00 ($421.00/share)View All Insider Transactions BYIT Stock - Frequently Asked Questions Should I buy or sell Bytes Technology Group stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bytes Technology Group in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BYIT shares. View BYIT analyst ratings or view top-rated stocks. What is Bytes Technology Group's stock price forecast for 2023? 4 equities research analysts have issued twelve-month target prices for Bytes Technology Group's shares. Their BYIT share price forecasts range from GBX 480 to GBX 640. On average, they anticipate the company's stock price to reach GBX 527.25 in the next year. This suggests a possible upside of 0.4% from the stock's current price. View analysts price targets for BYIT or view top-rated stocks among Wall Street analysts. How have BYIT shares performed in 2023? Bytes Technology Group's stock was trading at GBX 387 at the beginning of the year. Since then, BYIT stock has increased by 35.7% and is now trading at GBX 525. View the best growth stocks for 2023 here. How often does Bytes Technology Group pay dividends? What is the dividend yield for Bytes Technology Group? Bytes Technology Group announced a dividend on Tuesday, May 23rd. Investors of record on Thursday, July 20th will be paid a dividend of GBX 12.60 per share on Friday, August 4th. This represents a dividend yield of 2.81%. The ex-dividend date is Thursday, July 20th. This is a positive change from the stock's previous dividend of GBX 2.40. The official announcement can be accessed at this link. Read our dividend analysis for BYIT. Is Bytes Technology Group a good dividend stock? Bytes Technology Group (LON:BYIT) pays an annual dividend of GBX 7 per share and currently has a dividend yield of 1.45%. The dividend payout ratio is 4,375.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for BYIT. What is Bytes Technology Group's stock symbol? Bytes Technology Group trades on the London Stock Exchange (LON) under the ticker symbol "BYIT." How do I buy shares of Bytes Technology Group? Shares of BYIT stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.Compare Top Brokerages Here. What is Bytes Technology Group's stock price today? One share of BYIT stock can currently be purchased for approximately GBX 525. How much money does Bytes Technology Group make? Bytes Technology Group (LON:BYIT) has a market capitalization of £1.26 billion and generates £184.42 million in revenue each year. The company earns £40.42 million in net income (profit) each year or GBX 0.16 on an earnings per share basis. How many employees does Bytes Technology Group have? The company employs 685 workers across the globe. How can I contact Bytes Technology Group? The official website for the company is www.bytes.co.uk. The company can be reached via phone at 44 1372 418 500. This page (LON:BYIT) was last updated on 6/5/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Bytes Technology Group plc Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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