Frederick Philip Snow Sells 3,000 Shares of FactSet Research Systems Inc. (NYSE:FDS) Stock

FactSet Research Systems Inc. (NYSE:FDS) CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,363,082.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Frederick Philip Snow also recently made the following trade(s):

• On Monday, April 1st, Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00.
• On Thursday, February 1st, Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock. The stock was sold at an average price of $476.02, for a total transaction of $1,428,060.00.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $423.36 on Friday. The company’s fifty day simple moving average is $448.37 and its 200-day simple moving average is $454.35. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The firm has a market cap of $16.14 billion, a PE ratio of 33.62, a P/E/G ratio of 2.64 and a beta of 0.73. FactSet Research Systems Inc. has a 12 month low of $380.96 and a 12 month high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The business had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. Equities research analysts expect that FactSet Research Systems Inc. will post 15.82 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.98%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, May 31st. FactSet Research Systems’s payout ratio is presently 31.04%.

Hedge Funds Weigh In On FactSet Research Systems

Institutional investors have recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new position in shares of FactSet Research Systems in the fourth quarter valued at $1,174,000. Stratos Wealth Partners LTD. increased its holdings in shares of FactSet Research Systems by 12.6% in the third quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock valued at $926,000 after purchasing an additional 237 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of FactSet Research Systems in the fourth quarter valued at $2,024,000. abrdn plc increased its holdings in shares of FactSet Research Systems by 17.4% in the fourth quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock valued at $32,874,000 after purchasing an additional 10,230 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of FactSet Research Systems in the fourth quarter valued at $8,833,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FDS shares. The Goldman Sachs Group raised their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Barclays reissued an “equal weight” rating and set a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets lifted their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $469.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $442.70.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.