Shares of IDOX plc (LON:IDOX – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 63.88 ($0.79) and traded as low as GBX 61.20 ($0.76). IDOX shares last traded at GBX 62 ($0.77), with a volume of 575,521 shares trading hands.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 80 ($0.99) price target on shares of IDOX in a research report on Tuesday, March 12th.
View Our Latest Stock Analysis on IDOX
IDOX Trading Up 3.2 %
IDOX Increases Dividend
The firm also recently declared a dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a dividend of GBX 0.60 ($0.01) per share. This is a positive change from IDOX’s previous dividend of $0.50. The ex-dividend date of this dividend was Thursday, March 28th. This represents a dividend yield of 0.91%. IDOX’s dividend payout ratio is 10,000.00%.
Insider Transactions at IDOX
In other news, insider David Meaden sold 294,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of GBX 63 ($0.78), for a total transaction of £185,220 ($228,779.64). 5.89% of the stock is currently owned by company insiders.
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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