Bytes Technology Group (BYIT) Share Price, News & Analysis

Company Overview

With a 40-year track record, Bytes Technology Group is one of the UK’s leading providers of software, security and cloud services. We enable effective and cost-efficient technology sourcing, adoption and management across software, security, hardware and cloud services. Our strong relationships with many of the world’s largest software companies enable our specialist staff to deliver the latest technology to a diverse and embedded customer base. This has resulted in our long track record of strong financial performance. Learn more at Bytesplc.com

Key Stats

• Today's Range: 470 to 494
• 50-Day Range: 405 to 490
• 52-Week Range: 400 to 610
• Volume: 349,401 shs
• Average Volume: 1.33 million shs
• Market Capitalization: £1.17 billion
• P/E Ratio: 22.54
• Dividend Yield: 1.86%
• Price Target: GBX 660
• Consensus Rating: Buy

Bytes Technology Group Stock Analysis - MarketRank™

Bytes Technology Group scored higher than 69% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Bytes Technology Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Bytes Technology Group has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Bytes Technology Group is 22.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.53.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bytes Technology Group is 22.54, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 43.13.

Price to Earnings Growth Ratio

Bytes Technology Group has a PEG Ratio of 2.27. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Bytes Technology Group has a P/B Ratio of 15.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for BYIT.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Bytes Technology Group pays a meaningful dividend of 2.62%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Bytes Technology Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Bytes Technology Group is 41.83%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for BYIT.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.42

News Sentiment

Bytes Technology Group has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.75 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 29 news articles for Bytes Technology Group this week, compared to 1 article on an average week.

MarketBeat Follows

Only 2 people have added Bytes Technology Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Bytes Technology Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought £11,956 in company stock and sold GBX 0 in company stock.

Percentage Held by Insiders

Only 9.51% of the stock of Bytes Technology Group is held by insiders.

Percentage Held by Institutions

76.32% of the stock of Bytes Technology Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BYIT Stock Analysis - Frequently Asked Questions

How have BYIT shares performed this year?

Bytes Technology Group's stock was trading at GBX 422.60 at the beginning of the year. Since then, BYIT shares have increased by 14.8% and is now trading at GBX 485.
View the best growth stocks for 2025 here.

How were Bytes Technology Group's earnings last quarter?

Bytes Technology Group plc (LON:BYIT) posted its quarterly earnings data on Tuesday, October, 15th. The company reported $12.67 earnings per share (EPS) for the quarter. Bytes Technology Group had a trailing twelve-month return on equity of 66.59% and a net margin of 25.47%.

How do I buy shares of Bytes Technology Group?

Shares of BYIT stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.

What other stocks do shareholders of Bytes Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bytes Technology Group investors own include Prudential (PRU), ASOS (ASC), AstraZeneca (AZN), AutoZone (AZO), Babcock International Group (BAB), boohoo group (BOO) and Centamin (CEY).

Company Calendar

• Last Earnings: 10/15/2024
• Today: 3/24/2025

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Computer and Technology
• Industry: Software - Infrastructure
• Sub-Industry: N/A
• Current Symbol: LON:BYIT
• CIK: N/A
• Web: www.bytes.co.uk
• Phone: 44 1372 418 500
• Fax: N/A
• Employees: 930
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 660
• High Stock Price Target: GBX 660
• Low Stock Price Target: GBX 660
• Potential Upside/Downside: +36.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): GBX 21.52
• Trailing P/E Ratio: 22.54
• Forward P/E Ratio: 42.75
• P/E Growth: 2.27
• Net Income: £52.30 million
• Net Margins: 25.47%
• Pretax Margin: N/A
• Return on Equity: 66.59%
• Return on Assets: 10.12%

Debt

• Debt-to-Equity Ratio: 0.67
• Current Ratio: 1.09
• Quick Ratio: 0.98

Sales & Book Value

• Annual Sales: £205.34 million
• Price / Sales: 5.72
• Cash Flow: GBX 18.18 per share
• Price / Cash Flow: 26.67
• Book Value: GBX 32.30 per share
• Price / Book: 15.02

Miscellaneous

• Outstanding Shares: 242,050,765
• Free Float: N/A
• Market Cap: £1.17 billion
• Optionable: Not Optionable
• Beta: 0.65