IDOX plc (LON:IDOX – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 64.01 ($0.81) and traded as low as GBX 61.20 ($0.77). IDOX shares last traded at GBX 61.60 ($0.78), with a volume of 235,073 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 80 ($1.01) price objective on shares of IDOX in a report on Tuesday, March 12th.
View Our Latest Report on IDOX
IDOX Stock Performance
IDOX Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, March 28th will be issued a GBX 0.60 ($0.01) dividend. This represents a dividend yield of 0.91%. This is an increase from IDOX’s previous dividend of $0.50. The ex-dividend date is Thursday, March 28th. IDOX’s dividend payout ratio is presently 10,000.00%.
Insider Transactions at IDOX
In related news, insider David Meaden sold 294,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of GBX 63 ($0.80), for a total value of £185,220 ($234,070.52). Insiders own 6.18% of the company’s stock.
IDOX Company Profile
IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.
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