Insider Selling: Technology One Limited (ASX:TNE) Insider Sells A$485,040.00 in Stock

Technology One Limited (ASX:TNE) insider Kevin Blinco sold 60,000 shares of the stock in a transaction dated Thursday, July 4th. The shares were sold at an average price of A$8.08 ($5.73), for a total transaction of A$485,040.00 ($344,000.00).

Shares of ASX TNE opened at A$8.10 ($5.74) on Friday. The firm’s 50-day simple moving average is A$7.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.78 and a quick ratio of 0.71. The stock has a market cap of $2.57 billion and a PE ratio of 42.19. Technology One Limited has a 12-month low of A$4.26 ($3.02) and a 12-month high of A$9.40 ($6.66).

The firm also recently announced a Interim dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were given a dividend of $0.032 per share. This represents a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, May 30th. Technology One’s dividend payout ratio is 31.25%.



Technology One Company Profile

Technology One Limited researches, develops, markets, sells, implements, and supports integrated enterprise business software solutions in Australia, New Zealand, and internationally. It operates through Sales and Marketing, Consulting, Research & Development, and Cloud segments. The company offers various business solutions, including enterprise asset management, financials, human resource and payroll, enterprise budgeting, supply chain, property and rating, student management, business intelligence, enterprise content management, performance planning, spatial, enterprise cash receipting, stakeholder management, and business process management.

Further Reading: Dividend Achievers

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