Insider Selling: FactSet Research Systems Inc. (FDS) CEO Sells 7,334 Shares of Stock
FactSet Research Systems Inc. (NYSE:FDS) CEO Frederick Philip Snow sold 7,334 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $181.24, for a total value of $1,329,214.16. Following the sale, the chief executive officer now owns 11,262 shares of the company’s stock, valued at approximately $2,041,124.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
FactSet Research Systems Inc. (FDS) traded up 0.35% during mid-day trading on Tuesday, hitting $183.10. The stock had a trading volume of 337,486 shares. The stock has a market cap of $7.18 billion, a P/E ratio of 21.35 and a beta of 0.98. The firm has a 50-day moving average of $164.08 and a 200-day moving average of $164.30. FactSet Research Systems Inc. has a 52-week low of $150.95 and a 52-week high of $184.20.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The company had revenue of $326.60 million during the quarter, compared to the consensus estimate of $325.26 million. During the same quarter in the previous year, the firm earned $1.69 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts forecast that FactSet Research Systems Inc. will post $8.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, August 29th. FactSet Research Systems’s dividend payout ratio is presently 34.36%.
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FDS has been the topic of a number of analyst reports. Barclays PLC lifted their price target on FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a report on Wednesday, September 27th. Bank of America Corporation reissued a “neutral” rating and issued a $192.00 price target (up from $180.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Stifel Nicolaus restated a “hold” rating and set a $169.00 price objective (up from $163.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Morgan Stanley restated an “equal weight” rating and set a $166.00 price objective (up from $157.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $200.00 price objective (up previously from $190.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. FactSet Research Systems has a consensus rating of “Hold” and an average target price of $170.64.
Institutional investors and hedge funds have recently made changes to their positions in the company. ETF Managers Group LLC purchased a new stake in shares of FactSet Research Systems during the 2nd quarter worth $121,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of FactSet Research Systems during the second quarter worth $126,000. Harfst & Associates Inc. acquired a new position in shares of FactSet Research Systems during the first quarter worth $199,000. Suntrust Banks Inc. grew its stake in shares of FactSet Research Systems by 4.0% during the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock worth $215,000 after purchasing an additional 50 shares in the last quarter. Finally, Gotham Asset Management LLC increased its holdings in FactSet Research Systems by 6.8% in the second quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock valued at $215,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.
FactSet Research Systems Company Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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