Coronation Fund Managers Reduces Stake in Bytes Technology Group Plc

Bytes Technology Group Plc ( (GB:BYIT) ) just unveiled an update.

Coronation Fund Managers, based in Cape Town, South Africa, has reduced its voting rights in Bytes Technology Group Plc from 10.986858% to 9.911191% as of May 20, 2025. This change in holdings may impact the company’s shareholder dynamics, reflecting a shift in investment strategy by a significant stakeholder.

The most recent analyst rating on (GB:BYIT) stock is a Buy with a £6.10 price target. To see the full list of analyst forecasts on Bytes Technology Group Plc stock, see the GB:BYIT Stock Forecast page.

Spark’s Take on GB:BYIT Stock

According to Spark, TipRanks’ AI Analyst, GB:BYIT is a Outperform.

Bytes Technology Group Plc scores well due to its strong financial performance and positive corporate developments. While technical indicators show potential overbought conditions, the company’s robust growth and insider confidence provide a compelling investment case.

To see Spark’s full report on GB:BYIT stock, click here.

More about Bytes Technology Group Plc

Bytes Technology Group Plc is a UK-based company operating in the technology sector, primarily focusing on providing IT services and solutions. The company is known for its expertise in software licensing, cloud services, and digital transformation solutions, catering to a diverse range of clients across various industries.

Average Trading Volume: 696,562

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.22B

For detailed information about BYIT stock, go to TipRanks’ Stock Analysis page.