FactSet Research Systems Inc. (NYSE:FDS) SVP Rachel Rebecca Stern sold 1,065 shares of the firm’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $158.79, for a total value of $169,111.35. Following the completion of the sale, the senior vice president now directly owns 978 shares of the company’s stock, valued at approximately $155,296.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
FactSet Research Systems Inc. (NYSE:FDS) opened at 155.20 on Monday. The firm’s 50-day moving average price is $170.41 and its 200 day moving average price is $162.79. FactSet Research Systems Inc. has a 12-month low of $135.95 and a 12-month high of $183.17. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 18.95 and a beta of 0.78.
FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, September 27th. The company reported $1.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.70 by $0.01. The company earned $287.30 million during the quarter. FactSet Research Systems had a return on equity of 48.65% and a net margin of 30.06%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 earnings per share. On average, equities research analysts expect that FactSet Research Systems Inc. will post $7.04 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Wednesday, August 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Monday, August 29th. FactSet Research Systems’s payout ratio is presently 24.30%.
A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position 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 position in 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 in the last quarter. BlackRock Fund Advisors increased its position in 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 in the last quarter. Wellington Management Group LLP increased its position in 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 in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in 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 in the last quarter. 94.33% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on the company. Cantor Fitzgerald reaffirmed 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 FactSet Research Systems and gave the stock a “hold” rating in a research report on Thursday, September 15th. Zacks Investment Research raised FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. Raymond James Financial Inc. cut 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 assumed coverage on FactSet Research Systems in a report on Monday, July 11th. They set an “outperform” rating and a $182.00 price objective for the company. Two equities research 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. FactSet Research Systems has an average rating of “Hold” and an average target price of $169.67.
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.
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