GlobalData (LON:DATA) Posts Earnings Results

GlobalData (LON:DATA) announced its quarterly 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 Stock Performance

Shares of LON:DATA traded up GBX 1.10 on Friday, hitting GBX 59.90. The company’s stock had a trading volume of 3,345,490 shares, compared to its average volume of 5,454,578. The stock’s 50-day moving average is GBX 77.22 and its two-hundred day moving average is GBX 84.08. The company has a market capitalization of £391.99 million, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. The company has a debt-to-equity ratio of 71.69, a quick ratio of 0.61 and a current ratio of 0.85. GlobalData has a 12 month low of GBX 52.61 and a 12 month high of GBX 146.

Insider Activity

In related news, insider Michael Danson sold 20,117,282 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of GBX 85, for a total transaction of £17,099,689.70. Company insiders own 67.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

GlobalData declared that its Board of Directors has initiated a share repurchase program on Tuesday, June 23rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.