FDM Group (Holdings) plc (LON:FDM – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 391.96 ($5.18) and traded as low as GBX 389 ($5.14). FDM Group shares last traded at GBX 395.50 ($5.22), with a volume of 43,292 shares traded.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of FDM Group from GBX 365 ($4.82) to GBX 430 ($5.68) and gave the stock a “hold” rating in a report on Thursday, August 1st. Shore Capital reissued a “house stock” rating on shares of FDM Group in a research note on Thursday, June 6th.
Read Our Latest Report on FDM Group
FDM Group Trading Up 4.7 %
FDM Group Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a dividend of GBX 10 ($0.13) per share. The ex-dividend date is Thursday, October 10th. This represents a dividend yield of 2.42%. FDM Group’s dividend payout ratio is currently 10,357.14%.
Insider Buying and Selling
In other FDM Group news, insider Sheila Flavell purchased 238 shares of the stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of GBX 418 ($5.52) per share, for a total transaction of £994.84 ($1,314.19). In other news, insider Roderick (Rod) Flavell bought 241 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were bought at an average cost of GBX 414 ($5.47) per share, with a total value of £997.74 ($1,318.02). Also, insider Sheila Flavell purchased 238 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of GBX 418 ($5.52) per share, with a total value of £994.84 ($1,314.19). In the last 90 days, insiders bought 605 shares of company stock valued at $249,028. Company insiders own 17.90% of the company’s stock.
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.
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