FactSet Research Systems EVP Unloads $6,038,562 in Stock (FDS)
FactSet Research Systems (NYSE:FDS) EVP Michael D. Frankenfield sold 51,594 shares of the company’s stock on the open market in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $117.04, for a total transaction of $6,038,561.76. Following the sale, the executive vice president now directly owns 50,209 shares in the company, valued at approximately $5,876,461. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
FactSet Research Systems (NYSE:FDS) traded up 1.79% during mid-day trading on Friday, hitting $119.88. 571,787 shares of the company’s stock traded hands. FactSet Research Systems has a one year low of $101.07 and a one year high of $120.24. The stock has a 50-day moving average of $110.5 and a 200-day moving average of $107.. The company has a market cap of $5.035 billion and a P/E ratio of 24.69.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, June 17th. The company reported $1.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.25. The company had revenue of $231.80 million for the quarter, compared to the consensus estimate of $230.57 million. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that FactSet Research Systems will post $4.92 EPS for the current fiscal year.
FDS has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 12th. Analysts at Zacks reiterated a “neutral” rating on shares of FactSet Research Systems in a research note on Friday, June 6th. They now have a $114.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $107.00.
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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