FDM Group (Holdings) plc (LON:FDM - Get Free Report) shares were up 16.2% on Wednesday following a dividend announcement from the company. The company traded as high as GBX 266 ($3.43) and last traded at GBX 258 ($3.33). Approximately 2,650,492 shares changed hands during trading, an increase of 352% from the average daily volume of 586,742 shares. The stock had previously closed at GBX 222 ($2.87).
The newly announced dividend which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 5th will be paid a GBX 12.50 ($0.16) dividend. This represents a yield of 5%. The ex-dividend date of this dividend is Thursday, June 5th. FDM Group's dividend payout ratio (DPR) is presently 104.05%.
Wall Street Analysts Forecast Growth
Separately, Shore Capital reaffirmed a "house stock" rating on shares of FDM Group in a research report on Wednesday.
Get Our Latest Report on FDM Group
FDM Group Trading Up 0.8 %
The company has a debt-to-equity ratio of 28.75, a quick ratio of 2.24 and a current ratio of 2.31. The firm has a market cap of £275.11 million, a price-to-earnings ratio of 9.04 and a beta of 0.97. The company's 50-day moving average is GBX 238.99 and its 200-day moving average is GBX 313.66.
FDM Group (LON:FDM - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported GBX 23 ($0.30) earnings per share for the quarter. FDM Group had a net margin of 10.34% and a return on equity of 42.26%. On average, research analysts predict that FDM Group will post 3132.5302111 earnings per share for the current year.
Insider Activity
In other FDM Group news, insider Sheila Flavell purchased 338 shares of FDM Group stock in a transaction that occurred on Thursday, January 9th. The stock was acquired at an average price of GBX 295 ($3.81) per share, for a total transaction of £997.10 ($1,287.58). Also, insider Michael (Mike) McLaren purchased 225 shares of the stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of GBX 221 ($2.85) per share, for a total transaction of £497.25 ($642.11). In the last quarter, insiders have acquired 775 shares of company stock valued at $199,255. 17.79% of the stock is currently owned by insiders.
About FDM Group
(
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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.
Further Reading
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