GlobalData (LON:DATA) Releases Earnings Results

GlobalData (LON:DATA) posted its quarterly earnings results on Monday. The company reported GBX 2.70 earnings per share for the quarter, Digital Look Earnings reports. GlobalData had a net margin of 10.28% and a return on equity of 9.94%.

GlobalData Stock Performance

DATA opened at GBX 56.95 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.61 and a debt-to-equity ratio of 62.52. The firm has a 50 day moving average of GBX 79.10 and a two-hundred day moving average of GBX 84.91. GlobalData has a 12-month low of GBX 52.61 and a 12-month high of GBX 153.50. The firm has a market capitalization of £372.70 million, a PE ratio of 12.94, a P/E/G ratio of 1.52 and a beta of 0.72.

Insider Activity

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

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their target price on GlobalData from GBX 135 to GBX 110 and set a “neutral” rating on the stock in a research report on Friday, July 17th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 173.75.

GlobalData declared that its Board of Directors has authorized a stock buyback program on Tuesday, June 23rd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

GlobalData Company Profile

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.