Insider Buying: FDM Group (LON:FDM) Insider Acquires £8,923.16 in Stock

FDM Group (Holdings) plc (LON:FDM) insider Michael (Mike) McLaren bought 7,562 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average price of GBX 118 per share, with a total value of £8,923.16.

Michael (Mike) McLaren also recently made the following trade(s):

• On Tuesday, April 21st, Michael (Mike) McLaren bought 43,105 shares of FDM Group stock. The stock was bought at an average price of GBX 116 per share, with a total value of £50,001.80.

FDM Group Price Performance

FDM traded down GBX 7.20 on Tuesday, reaching GBX 110.80. The company had a trading volume of 149,056 shares, compared to its average volume of 604,295. The company has a fifty day moving average of GBX 107.22 and a 200-day moving average of GBX 127.86. The company has a market capitalization of £121.15 million, a P/E ratio of 21.31 and a beta of 1.06. The company has a current ratio of 2.48, a quick ratio of 2.24 and a debt-to-equity ratio of 38.18. FDM Group has a one year low of GBX 94.50 and a one year high of GBX 232.

FDM Group (LON:FDM) last announced its earnings results on Wednesday, March 18th. The company reported GBX 10 earnings per share (EPS) for the quarter. FDM Group had a net margin of 3.19% and a return on equity of 10.20%. As a group, equities research analysts anticipate that FDM Group will post 3132.5302111 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on FDM. Deutsche Bank Aktiengesellschaft decreased their target price on shares of FDM Group from GBX 180 to GBX 160 and set a “buy” rating for the company in a research report on Thursday, March 19th. Stifel Nicolaus reduced their price objective on shares of FDM Group from GBX 174 to GBX 130 and set a “hold” rating for the company in a research report on Thursday, March 19th. Finally, Shore Capital Group restated a “house stock” rating on shares of FDM Group in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 145.

About FDM Group

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.