Kainos Group (LON:KNOS) Insider Richard McCann Sells 760,911 Shares

Kainos Group plc (LON:KNOS) insider Richard McCann sold 760,911 shares of Kainos Group stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of GBX 779, for a total value of £5,927,496.69.

Kainos Group Price Performance

LON KNOS traded up GBX 1.70 during mid-day trading on Wednesday, hitting GBX 768.70. The stock had a trading volume of 498,082 shares, compared to its average volume of 3,543,873. The firm’s 50 day moving average is GBX 828.20 and its 200 day moving average is GBX 845.08. The stock has a market capitalization of £885.34 million, a price-to-earnings ratio of 21.90, a PEG ratio of 2.15 and a beta of 0.81. The company has a debt-to-equity ratio of 6.11, a current ratio of 1.17 and a quick ratio of 1.59. Kainos Group plc has a twelve month low of GBX 680.50 and a twelve month high of GBX 1,190.

Kainos Group (LON:KNOS) last announced its earnings results on Monday, May 18th. The company reported GBX 41.60 earnings per share for the quarter. Kainos Group had a net margin of 9.86% and a return on equity of 41.45%. The company had revenue of £431.10 million during the quarter. Equities research analysts forecast that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KNOS shares. Berenberg Bank restated a “buy” rating and set a GBX 1,185 target price on shares of Kainos Group in a report on Tuesday, May 19th. Shore Capital Group reaffirmed a “buy” rating on shares of Kainos Group in a research note on Monday, April 20th. Stifel Nicolaus restated a “buy” rating and set a GBX 1,282 price target on shares of Kainos Group in a report on Tuesday, April 21st. Finally, Canaccord Genuity Group upped their price target on shares of Kainos Group from GBX 1,150 to GBX 1,200 and gave the company a “buy” rating in a report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,173.40.

About Kainos Group

Kainos Group plc engages in the provision of digital technology services in the United Kingdom, Ireland, North America, Central Europe, and internationally. It operates through three segments: Digital Services, Workday Services, and Workday Products. The Digital Services segment develops and supports custom digital service platforms for transforming service delivery in public, commercial, and healthcare sectors. The Workday Services segment 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 adaptive planning.