Insider Selling: FactSet Research Systems COO Sells 23,000 Shares of Stock (FDS)
FactSet Research Systems (NYSE:FDS) COO Peter Walsh unloaded 23,000 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $112.22, for a total transaction of $2,581,060.00. Following the sale, the chief operating officer now directly owns 35,260 shares in the company, valued at approximately $3,956,877. The sale was disclosed in a legal filing with the SEC, which is available at this link.
FDS has been the subject of a number of recent research reports. Analysts at Raymond James initiated coverage on shares of FactSet Research Systems in a research note to investors on Monday. They set an “underperform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of FactSet Research Systems in a research note to investors on Friday, September 20th. They set a “sell” rating and a $97.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of FactSet Research Systems in a research note to investors on Thursday, September 19th. They now have a $117.00 price target on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. FactSet Research Systems presently has a consensus rating of “Hold” and an average price target of $104.50.
FactSet Research Systems (NYSE:FDS) traded down 2.42% during mid-day trading on Tuesday, hitting $108.67. 284,021 shares of the company’s stock traded hands. FactSet Research Systems has a 52 week low of $86.88 and a 52 week high of $113.30. The stock has a 50-day moving average of $108.4 and a 200-day moving average of $101.9. The company has a market cap of $4.705 billion and a P/E ratio of 25.03.
FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Tuesday, September 17th. The company reported $1.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.21 by $0.01. The company had revenue of $219.30 million for the quarter, compared to the consensus estimate of $218.93 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that FactSet Research Systems will post $5.02 EPS for the current fiscal year.
FactSet Research Systems Inc (NYSE:FDS) is a provider of integrated financial information and analytical applications to the global investment community.
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