Jon Marchant Buys 14 Shares of PayPoint (PAY) Stock

PayPoint (LON:PAY) insider Jon Marchant acquired 14 shares of the business’s stock in a transaction dated Friday, June 22nd. The stock was purchased at an average price of GBX 949 ($12.63) per share, with a total value of £132.86 ($176.89).

Shares of PayPoint opened at GBX 973 ($12.95) on Wednesday, Marketbeat Ratings reports. PayPoint has a fifty-two week low of GBX 762 ($10.15) and a fifty-two week high of GBX 1,098 ($14.62).

The company also recently disclosed a dividend, which will be paid on Monday, July 30th. Stockholders of record on Thursday, June 21st will be issued a GBX 55.10 ($0.73) dividend. This is a positive change from PayPoint’s previous dividend of $27.50. The ex-dividend date of this dividend is Thursday, June 21st. This represents a dividend yield of 5.76%.

Several analysts have recently weighed in on the company. Liberum Capital upped their price objective on PayPoint from GBX 1,000 ($13.31) to GBX 1,200 ($15.98) and gave the company a “buy” rating in a report on Monday, June 11th. Barclays cut their price objective on PayPoint from GBX 900 ($11.98) to GBX 800 ($10.65) and set an “underweight” rating for the company in a report on Tuesday, June 5th.

PayPoint Company Profile

PayPoint plc provides specialist consumer payment, transaction processing, settlement, and other services and products in the United Kingdom, Ireland, Romania, and North America. The company offers bill and general services, such as prepaid energy, bills, and cash out services; top-ups, including mobile, e-money vouchers, prepaid debit cards, and lottery services; and retail services comprising ATM, payment cards, parcels, money transfer, SIMs, EPoS, broadband, receipt advertising, and charges for failed direct debits, as well as other transactions.

Insider Buying and Selling by Quarter for PayPoint (LON:PAY)

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