Rachel Rebecca Stern Sells 1,065 Shares of FactSet Research Systems Inc. (FDS) Stock
FactSet Research Systems Inc. (NYSE:FDS) SVP Rachel Rebecca Stern sold 1,065 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $158.79, for a total transaction of $169,111.35. Following the completion of the sale, the senior vice president now owns 978 shares in the company, valued at approximately $155,296.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of FactSet Research Systems Inc. (NYSE:FDS) remained flat at $156.17 during trading on Wednesday. The company’s stock had a trading volume of 493,219 shares. FactSet Research Systems Inc. has a 12 month low of $135.95 and a 12 month high of $183.17. The company has a 50 day moving average of $171.68 and a 200-day moving average of $162.81. The firm has a market capitalization of $6.25 billion, a PE ratio of 19.07 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by $0.01. The company had revenue of $287.30 million for the quarter. FactSet Research Systems had a net margin of 30.06% and a return on equity of 48.65%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 earnings per share. On average, analysts expect that FactSet Research Systems Inc. will post $7.04 earnings per share for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/rachel-rebecca-stern-sells-1065-shares-of-factset-research-systems-inc-fds-stock.html
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Monday, August 29th. FactSet Research Systems’s payout ratio is presently 24.30%.
A number of analysts have weighed in on the stock. Cantor Fitzgerald restated a “hold” rating on shares of FactSet Research Systems in a research report on Wednesday, June 29th. Bank of America Corp. set a $185.00 target price on shares of FactSet Research Systems and gave the company a “hold” rating in a research report on Thursday, September 15th. Zacks Investment Research upgraded shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. Raymond James Financial Inc. lowered shares of FactSet Research Systems from a “market perform” rating to an “underperform” rating in a research report on Tuesday, September 27th. Finally, Credit Suisse Group AG began coverage on shares of FactSet Research Systems in a research report on Monday, July 11th. They issued an “outperform” rating and a $182.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $169.67.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of FactSet Research Systems by 1.1% in the second quarter. Vanguard Group Inc. now owns 3,126,652 shares of the company’s stock worth $504,705,000 after buying an additional 33,998 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in shares of FactSet Research Systems by 6.8% in the second quarter. Loomis Sayles & Co. L P now owns 2,789,051 shares of the company’s stock worth $450,209,000 after buying an additional 177,352 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of FactSet Research Systems by 3.3% in the second quarter. BlackRock Fund Advisors now owns 1,484,841 shares of the company’s stock worth $239,683,000 after buying an additional 47,373 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of 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 worth $198,195,000 after buying an additional 61,270 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of FactSet Research Systems by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,202,618 shares of the company’s stock worth $194,127,000 after buying an additional 19,806 shares during the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for FactSet Research Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.