FactSet Research Systems Inc. (NYSE:FDS) CEO Frederick Philip Snow sold 6,250 shares of the company’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $158.22, for a total transaction of $988,875.00. Following the completion of the transaction, the chief executive officer now directly owns 10,551 shares of the company’s stock, valued at approximately $1,669,379.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
FactSet Research Systems Inc. (NYSE:FDS) opened at 157.38 on Friday. FactSet Research Systems Inc. has a one year low of $135.95 and a one year high of $183.17. The company has a market cap of $6.30 billion, a P/E ratio of 19.22 and a beta of 0.78. The company has a 50 day moving average of $173.35 and a 200-day moving average of $162.66.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, September 27th. The company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by $0.01. FactSet Research Systems had a net margin of 30.06% and a return on equity of 48.65%. The firm earned $287.30 million during the quarter. During the same period last year, the firm earned $1.48 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts expect that FactSet Research Systems Inc. will post $7.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Wednesday, August 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.27%. FactSet Research Systems’s payout ratio is 24.30%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDS. Bath Savings Trust Co boosted its position in FactSet Research Systems by 2.0% in the third quarter. Bath Savings Trust Co now owns 50,723 shares of the company’s stock worth $8,222,000 after buying an additional 1,005 shares during the last quarter. Cullinan Associates Inc. boosted its position in FactSet Research Systems by 45.6% in the third quarter. Cullinan Associates Inc. now owns 6,260 shares of the company’s stock worth $1,015,000 after buying an additional 1,960 shares during the last quarter. Mason Street Advisors LLC purchased a new position in FactSet Research Systems during the second quarter worth $3,009,000. Sterling Capital Management LLC boosted its position in FactSet Research Systems by 0.8% in the second quarter. Sterling Capital Management LLC now owns 1,467 shares of the company’s stock worth $237,000 after buying an additional 11 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in FactSet Research Systems by 5.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 116,301 shares of the company’s stock worth $18,774,000 after buying an additional 5,553 shares during the last quarter. 92.87% of the stock is owned by institutional investors.
Several research analysts recently weighed in on FDS shares. Zacks Investment Research downgraded shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Macquarie started coverage on shares of FactSet Research Systems in a report on Thursday, August 25th. They set a “neutral” rating and a $180.00 price objective for the company. Goldman Sachs Group Inc. reissued a “sell” rating and set a $125.00 price objective (up previously from $124.00) on shares of FactSet Research Systems in a report on Friday, September 30th. Credit Suisse Group AG reissued a “buy” rating and set a $179.00 price objective on shares of FactSet Research Systems in a report on Wednesday, September 28th. Finally, Morgan Stanley set a $161.00 price objective on shares of FactSet Research Systems and gave the company a “hold” rating in a report on Wednesday, September 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $169.67.
FactSet Research Systems Company Profile
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.
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