LON:BYIT Bytes Technology Group (BYIT) Share Forecast, Price & News GBX 498.80 +6.80 (+1.38%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range 492▼ 505.5050-Day Range 473.20▼ 51852-Week Range 353.40▼ 548Volume335,930 shsAverage Volume702,862 shsMarket Capitalization£1.19 billionP/E Ratio3,117.50Dividend Yield1.40%Price TargetGBX 564.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendInsider TradesHeadlinesProfileAnalyst RatingsChartCompetitorsDividendInsider TradesHeadlines Bytes Technology Group MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside13.2% UpsideGBX 564.50 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.54Based on 2 Articles This WeekInsider 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.1.50 out of 5 stars 2.5 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 564.50, Bytes Technology Group has a forecasted upside of 13.2% from its current price of GBX 498.80.Amount of Analyst CoverageBytes Technology Group has only been the subject of 1 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 1.52%, 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 2.0 News and Social Media Coverage News SentimentBytes Technology Group has a news sentiment score of 0.54. 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 is a lower news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Bytes Technology Group this week, compared to 0 articles on an average week. 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 8.95% of the stock of Bytes Technology Group is held by insiders.Percentage Held by Institutions69.68% 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 3,117.50, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 115.13.Price to Earnings Ratio vs. SectorThe P/E ratio of Bytes Technology Group is 3,117.50, 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 256.51.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 19.18. 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 BYIT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BYIT Stock News HeadlinesSeptember 28, 2023 | americanbankingnews.comBytes Technology Group (LON:BYIT) Rating Reiterated by Peel HuntSeptember 6, 2023 | finance.yahoo.comCalculating The Intrinsic Value Of Bytes Technology Group plc (LON:BYIT)October 1, 2023 | UNKNOWN (Ad)The Bio-Tech Stock That Needs Your Attention!There a Few Opportunities Like This Stock! Sign Up Today And Get Our NExt Bio-Tech Alert!August 21, 2023 | finance.yahoo.comInstitutional investors in Bytes Technology Group plc (LON:BYIT) see UK£87m decrease in market cap last week, although long-term gains have benefitted them.August 4, 2023 | finance.yahoo.comIs Bytes Technology Group plc's (LON:BYIT) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?July 5, 2023 | finance.yahoo.comBytes Technology Group's (LON:BYIT) Shareholders Will Receive A Bigger Dividend Than Last YearJune 9, 2023 | finance.yahoo.comBytes Technology Group (LON:BYIT) Has Announced That It Will Be Increasing Its Dividend To £0.126June 2, 2023 | msn.comBytes Technology Group (BYIT) Price Target Increased by 5.31% to 575.28October 1, 2023 | UNKNOWN (Ad)The Bio-Tech Stock That Needs Your Attention!There a Few Opportunities Like This Stock! Sign Up Today And Get Our NExt Bio-Tech Alert!May 25, 2023 | msn.comBarclays Reiterates Bytes Technology Group (BYIT) Overweight RecommendationMay 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?May 4, 2023 | finance.yahoo.comIf EPS Growth Is Important To You, Bytes Technology Group (LON:BYIT) Presents An OpportunityApril 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 yearJanuary 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?See More Headlines 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 Company Calendar Ex-Dividend for 8/4 Dividend7/20/2023Dividend Payable8/04/2023Today10/01/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeLON Industry Software—Infrastructure Sub-IndustryN/A SectorComputer and Technology Current SymbolLON:BYIT CUSIPN/A CIKN/A Webwww.bytes.co.uk Phone44 1372 418 500FaxN/AEmployees930Year FoundedN/APrice Target and Rating Average Stock Price ForecastGBX 564.50 High Stock Price ForecastGBX 640 Low Stock Price ForecastGBX 480 Forecasted Upside/Downside+13.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)GBX 0.16 Trailing P/E Ratio3,117.50 Forward P/E Ratio52.63 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 / Sales6.48 Cash FlowGBX 18.70 per share Price / Cash Flow26.67 Book ValueGBX 26 per share Price / Book19.18Miscellaneous Outstanding Shares239,480,000Free FloatN/AMarket Cap£1.19 billion OptionableNot Optionable Beta0.66 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Neil R. Murphy (Age 55)CEO & Director Comp: $776.3kMr. Andrew J. Holden (Age 56)CFO, COO & Exec. Director Comp: $630.32kMs. Sam Mudd (Age 53)Phoenix MD & Exec. Director Paul EmmsDirector of Group Fin.Mr. Jack Watson (Age 39)Managing Director of Bytes Software Services Ms. Lisa PrickettGroup Sustainability Mang.Mr. Willem Karel Groenewald (Age 39)Company Sec. More ExecutivesKey CompetitorsSpirent CommunicationsLON:SPTW.A.G payment solutionsLON:WPSBokuLON:BOKUPayPointLON:PAYNetwork InternationalLON:NETWView All CompetitorsInsidersNeil MurphySold 950,000 sharesTotal: £47.50 M ($50.00/share)Neil 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)View All Insider Transactions BYIT Stock - Frequently Asked Questions Should I buy or sell Bytes Technology Group stock right now? 4 Wall Street 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 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 analysts have issued 1-year price targets for Bytes Technology Group's stock. Their BYIT share price forecasts range from GBX 480 to GBX 640. On average, they anticipate the company's stock price to reach GBX 564.50 in the next twelve months. This suggests a possible upside of 13.2% 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 28.9% and is now trading at GBX 498.80. 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. Shareholders of record on Thursday, July 20th will be given a dividend of GBX 12.60 per share on Friday, August 4th. This represents a yield of 2.81%. The ex-dividend date of this dividend 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 1.52%. 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 498.80. How much money does Bytes Technology Group make? Bytes Technology Group (LON:BYIT) has a market capitalization of £1.19 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 930 workers across the globe. How can I contact Bytes Technology Group? Bytes Technology Group's mailing address is Bytes House, Randalls Way, Leatherhead KT22 7TW, United Kingdom. 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 10/1/2023 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. 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