GlobalData (LON:DATA) Issues Quarterly Earnings Results

GlobalData (LON:DATA) released its earnings results on Monday. The company reported GBX 2.70 EPS for the quarter, Digital Look Earnings reports. GlobalData had a net margin of 10.84% and a return on equity of 12.09%.

GlobalData Price Performance

Shares of LON:DATA traded up GBX 1.10 during trading on Friday, hitting GBX 59.90. 3,345,490 shares of the company’s stock were exchanged, compared to its average volume of 5,454,578. The business’s 50-day simple moving average is GBX 77.22 and its 200 day simple moving average is GBX 84.08. The company has a market cap of £391.99 million, a price-to-earnings ratio of 13.61, a PEG ratio of 1.52 and a beta of 0.72. GlobalData has a 52-week low of GBX 52.61 and a 52-week high of GBX 146. The company has a debt-to-equity ratio of 71.69, a current ratio of 0.85 and a quick ratio of 0.61.

GlobalData announced that its board has initiated a stock repurchase program on Tuesday, June 23rd that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other GlobalData news, insider Michael Danson sold 20,117,282 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of GBX 85, for a total value of £17,099,689.70. Corporate insiders own 67.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of GlobalData to a “buy” rating and upped their price target for the stock from GBX 98 to GBX 170 in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of GlobalData from GBX 110 to GBX 90 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Berenberg Bank lowered their target price on shares of GlobalData from GBX 105 to GBX 90 and set a “buy” rating on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 148.75.

About GlobalData

GlobalData operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change.

By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what’s coming, move faster, and lead with confidence.

Our solutions are used by over 5,000 organizations across the world’s largest industries, delivering tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.

Strategic Priorities
GlobalData’s four strategic priorities are: Customer Obsession, World Class Product, Sales Excellence and Operational Agility.