Kainos Group plc provides digital technology services in the United Kingdom. It operates through two divisions, Digital Services and Workday Practice. The Digital Services division includes lifecycle development of customized digital services for public, commercial sectors, and healthcare organizations. The Workday Practice division provides consulting, project management, integration, and post deployment services for Workday's software suite, which includes cloud-based software for human capital management, and financial management and planning that enables enterprises to organize their staff and to support financial reporting requirements. This division also offers Smart test and audit, a proprietary software. The company also engages in the property business. Kainos Group plc was founded in 1986 and is headquartered in Belfast, the United Kingdom.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on KNOS shares. Berenberg Bank restated a "hold" rating and issued a GBX 1,200 ($14.50) target price on shares of Kainos Group in a report on Wednesday, May 25th. Shore Capital restated a "buy" rating on shares of Kainos Group in a research note on Thursday, July 21st. Finally, Canaccord Genuity Group cut their price objective on shares of Kainos Group from GBX 1,880 ($22.72) to GBX 1,400 ($16.92) and set a "hold" rating for the company in a report on Tuesday, April 19th.
Kainos Group Stock Up 0.2 %
KNOS opened at GBX 1,464.17 ($17.69) on Monday. The company has a 50 day moving average of GBX 1,191.78 and a 200 day moving average of GBX 1,275.37. The company has a market cap of £1.82 billion and a PE ratio of 5,217.86. Kainos Group has a 12 month low of GBX 954.50 ($11.53) and a 12 month high of GBX 2,100 ($25.37). The company has a current ratio of 1.65, a quick ratio of 1.61 and a debt-to-equity ratio of 3.12.
Kainos Group Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be issued a GBX 15.10 ($0.18) dividend. This represents a yield of 1.46%. This is an increase from Kainos Group's previous dividend of $7.10. The ex-dividend date of this dividend is Thursday, October 6th. Kainos Group's dividend payout ratio (DPR) is presently 79.29%.