GlobalData (LON:DATA) Trading 6.3% Higher - Here's Why

GlobalData Plc (LON:DATA - Get Free Report) shares rose 6.3% on Wednesday . The company traded as high as GBX 144.40 ($1.92) and last traded at GBX 143.50 ($1.90). Approximately 1,321,519 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 1,933,064 shares. The stock had previously closed at GBX 135 ($1.79).

Analyst Upgrades and Downgrades

Several equities analysts have commented on DATA shares. Berenberg Bank upped their price objective on shares of GlobalData from GBX 295 ($3.91) to GBX 300 ($3.98) and gave the company a "buy" rating in a report on Tuesday, January 14th. Shore Capital reiterated a "buy" rating on shares of GlobalData in a research note on Friday.

GlobalData Stock Performance

The company has a current ratio of 1.25, a quick ratio of 0.61 and a debt-to-equity ratio of 5.16. The stock's 50-day simple moving average is GBX 154.38 and its 200-day simple moving average is GBX 179.72. The stock has a market cap of £1.57 billion, a price-to-earnings ratio of 46.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58.

GlobalData (LON:DATA - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The company reported GBX 7.50 ($0.10) earnings per share for the quarter. GlobalData had a return on equity of 12.99% and a net margin of 11.96%. Analysts forecast that GlobalData Plc will post 9.6687774 earnings per share for the current fiscal year.

GlobalData Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, May 2nd. Stockholders of record on Thursday, March 20th were given a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.65%. The ex-dividend date was Thursday, March 20th. GlobalData's payout ratio is presently 119.48%.

Insider Buying and Selling

In other news, insider Michael Danson sold 2,000,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of GBX 195 ($2.59), for a total value of £3,900,000 ($5,175,159.24). 66.45% of the stock is currently owned by company insiders.

About GlobalData

GlobalData Plc is a leading data, insights, and analytics platform for the world's largest industries. Our mission is to help our clients decode the future, make better decisions, and reach more customers. One Platform Model GlobalData's One Platform model is the foundation of our business and is the result of years of continuous investment, targeted acquisitions, and organic development.