FDM Group (LON:FDM) Trading 9.3% Higher on Insider Buying Activity

FDM Group (Holdings) plc (LON:FDM)’s stock price traded up 9.3% during trading on Monday following insider buying activity. The company traded as high as GBX 118.60 and last traded at GBX 117.60. 3,432,012 shares changed hands during mid-day trading, an increase of 424% from the average session volume of 655,377 shares. The stock had previously closed at GBX 107.60.

Specifically, insider Roderick (Rod) Flavell bought 285,175 shares of FDM Group stock in a transaction dated Friday, April 17th. The stock was acquired at an average cost of GBX 106 per share, with a total value of £302,285.50.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on FDM Group from GBX 180 to GBX 160 and set a “buy” rating for the company in a research note on Thursday, March 19th. Shore Capital Group reiterated a “house stock” rating on shares of FDM Group in a research report on Wednesday, January 28th. Finally, Stifel Nicolaus dropped their price target on FDM Group from GBX 174 to GBX 130 and set a “hold” rating for the company in a research report on Thursday, March 19th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 145.

FDM Group Price Performance

The company has a quick ratio of 2.24, a current ratio of 2.48 and a debt-to-equity ratio of 38.18. The stock has a market capitalization of £128.58 million, a PE ratio of 22.62 and a beta of 1.06. The company has a 50-day moving average of GBX 123.69 and a 200 day moving average of GBX 131.96.

FDM Group (LON:FDM) last issued its quarterly earnings results on Wednesday, March 18th. The company reported GBX 10 EPS for the quarter. FDM Group had a return on equity of 10.20% and a net margin of 3.19%. Sell-side analysts predict that FDM Group will post 3132.5302111 EPS for the current year.

FDM Group Company Profile

FDM Group (Holdings) plc provides information technology (IT) services in the United Kingdom, North America, Europe, the Middle East, Africa, rest of Europe, and the Asia Pacific. It is involved in recruiting, training, and deploying its IT and business consultants to clients. The company was formerly known as Astra Topco Limited and changed its name to FDM Group (Holdings) plc. FDM Group (Holdings) plc was founded in 1991 and is based in London, the United Kingdom.