FactSet Research Systems Inc. (NYSE:FDS) Director Philip A. Hadley sold 42,600 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $291.48, for a total transaction of $12,417,048.00. Following the completion of the transaction, the director now directly owns 599,991 shares in the company, valued at approximately $174,885,376.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of FDS traded up $2.05 during mid-day trading on Friday, hitting $296.52. 290,167 shares of the company’s stock were exchanged, compared to its average volume of 328,834. The company has a market capitalization of $11.25 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 2.86 and a beta of 1.00. FactSet Research Systems Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $305.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.45 and a current ratio of 2.88. The company has a 50-day moving average of $289.48.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, June 25th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.25. The business had revenue of $364.50 million for the quarter, compared to analysts’ expectations of $359.25 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 64.19%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.18 earnings per share. As a group, research analysts predict that FactSet Research Systems Inc. will post 9.86 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Friday, May 31st were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Thursday, May 30th. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.64. FactSet Research Systems’s dividend payout ratio is currently 33.76%.
FDS has been the topic of a number of recent analyst reports. Morgan Stanley set a $12.00 target price on shares of Adient and gave the company a “sell” rating in a research report on Wednesday, June 26th. Barclays upped their target price on shares of WEX from $222.00 to $238.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $230.00 to $242.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Piper Jaffray Companies upped their target price on shares of FactSet Research Systems from $211.00 to $262.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Finally, UBS Group set a $13.00 target price on shares of Freeport-McMoRan and gave the company a “hold” rating in a research report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $251.77.
Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in FactSet Research Systems by 5.1% in the first quarter. BlackRock Inc. now owns 3,560,242 shares of the business services provider’s stock valued at $883,900,000 after acquiring an additional 172,591 shares in the last quarter. Geode Capital Management LLC raised its holdings in FactSet Research Systems by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 421,037 shares of the business services provider’s stock valued at $84,261,000 after acquiring an additional 16,651 shares in the last quarter. Fiera Capital Corp raised its holdings in FactSet Research Systems by 2.4% in the first quarter. Fiera Capital Corp now owns 381,749 shares of the business services provider’s stock valued at $94,776,000 after acquiring an additional 8,909 shares in the last quarter. Northern Trust Corp raised its holdings in FactSet Research Systems by 5.1% in the first quarter. Northern Trust Corp now owns 340,902 shares of the business services provider’s stock valued at $84,636,000 after acquiring an additional 16,644 shares in the last quarter. Finally, Norges Bank acquired a new stake in FactSet Research Systems in the fourth quarter valued at approximately $49,705,000. 93.98% of the stock is currently owned by institutional investors and hedge funds.
FactSet Research Systems Company Profile
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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