FactSet Research Systems Inc. (NYSE:FDS) CEO Frederick Philip Snow sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $158.22, for a total value of $988,875.00. Following the transaction, the chief executive officer now directly owns 10,551 shares in the company, valued at approximately $1,669,379.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at 157.38 on Friday. The company’s 50-day moving average price is $173.35 and its 200-day moving average price is $162.66. FactSet Research Systems Inc. has a 12 month low of $135.95 and a 12 month high of $183.17. The firm has a market cap of $6.30 billion, a P/E ratio of 19.22 and a beta of 0.78.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, September 27th. The company reported $1.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by $0.01. FactSet Research Systems had a net margin of 30.06% and a return on equity of 48.65%. The business earned $287.30 million during the quarter. During the same quarter last year, the firm posted $1.48 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that FactSet Research Systems Inc. will post $7.04 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.50 per share. The ex-dividend date was Monday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.27%. FactSet Research Systems’s dividend payout ratio is currently 24.30%.
Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in FactSet Research Systems by 4.9% in the first quarter. Wellington Management Group LLP now owns 1,307,959 shares of the company’s stock valued at $198,195,000 after buying an additional 61,270 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its position in FactSet Research Systems by 13.1% in the first quarter. Atlanta Capital Management Co. L L C now owns 1,079,048 shares of the company’s stock valued at $163,508,000 after buying an additional 125,038 shares in the last quarter. Prudential Financial Inc. boosted its position in FactSet Research Systems by 0.9% in the first quarter. Prudential Financial Inc. now owns 25,599 shares of the company’s stock valued at $3,879,000 after buying an additional 230 shares in the last quarter. BlackRock Group LTD boosted its position in FactSet Research Systems by 18.7% in the first quarter. BlackRock Group LTD now owns 42,737 shares of the company’s stock valued at $6,476,000 after buying an additional 6,728 shares in the last quarter. Finally, State Street Corp boosted its position in FactSet Research Systems by 0.6% in the first quarter. State Street Corp now owns 1,069,984 shares of the company’s stock valued at $162,130,000 after buying an additional 6,153 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.
FDS has been the topic of a number of recent analyst reports. Credit Suisse Group AG reissued a “buy” rating and set a $179.00 price target on shares of FactSet Research Systems in a research report on Wednesday, September 28th. Barclays PLC boosted their price target on FactSet Research Systems from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 23rd. Bank of America Corp. set a $185.00 price target on FactSet Research Systems and gave the stock a “hold” rating in a research report on Thursday, September 15th. Zacks Investment Research downgraded FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 8th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $161.00 target price on shares of FactSet Research Systems in a research report on Thursday, June 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $169.67.
About FactSet Research Systems
FactSet Research Systems Inc (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S., Europe and Asia Pacific. Sales, consulting, data collection, product development and software engineering are the primary functional groups within the U.S., Europe and Asia Pacific segments that provide global financial and economic information to investment managers, investment banks and other financial services professionals.
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