Insider Selling: QinetiQ Group plc (LON:QQ) Insider Sells £487,165.68 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey sold 109,722 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of GBX 444 ($5.63), for a total value of £487,165.68 ($617,995.28).

Steve Wadey also recently made the following trade(s):

• On Monday, June 10th, Steve Wadey purchased 32 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 457 ($5.80) per share, with a total value of £146.24 ($185.51).
• On Thursday, May 9th, Steve Wadey acquired 42 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 365 ($4.63) per share, with a total value of £153.30 ($194.47).
• On Tuesday, April 9th, Steve Wadey bought 42 shares of QinetiQ Group stock. The shares were bought at an average price of GBX 355 ($4.50) per share, with a total value of £149.10 ($189.14).

QinetiQ Group Stock Down 1.6 %

QQ opened at GBX 443.20 ($5.62) on Friday. The company has a market capitalization of £2.53 billion, a P/E ratio of 1,846.67, a P/E/G ratio of 1.47 and a beta of 0.39. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.15 and a quick ratio of 1.15. The firm’s fifty day moving average price is GBX 402.23 and its two-hundred day moving average price is GBX 366.30. QinetiQ Group plc has a fifty-two week low of GBX 292.20 ($3.71) and a fifty-two week high of GBX 428.40 ($5.43).

QinetiQ Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, July 25th will be given a dividend of GBX 5.65 ($0.07) per share. This is a positive change from QinetiQ Group’s previous dividend of $2.60. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, July 25th. QinetiQ Group’s payout ratio is 3,333.33%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Citigroup restated a “buy” rating and issued a GBX 530 ($6.72) price target on shares of QinetiQ Group in a research report on Tuesday, June 11th. Shore Capital reissued a “buy” rating on shares of QinetiQ Group in a research report on Thursday, May 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 457.50 ($5.80).

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.