FactSet Research Systems Inc. (NYSE:FDS) CEO Sells $1,226,940.00 in Stock

FactSet Research Systems Inc. (NYSE:FDS) CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $408.98, for a total value of $1,226,940.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, June 3rd, Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock. The shares were sold at an average price of $400.00, for a total transaction of $1,200,000.00.
• On Wednesday, May 1st, Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock. The shares were sold at an average price of $415.26, for a total transaction of $1,245,780.00.

FactSet Research Systems Stock Up 1.2 %

Shares of FactSet Research Systems stock opened at $416.01 on Wednesday. FactSet Research Systems Inc. has a 12 month low of $385.27 and a 12 month high of $488.64. The business has a fifty day simple moving average of $421.82 and a 200 day simple moving average of $446.53. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The stock has a market cap of $15.86 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 2.43 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $552.71 million. During the same period in the prior year, the business posted $3.79 EPS. FactSet Research Systems’s revenue was up 4.3% on a year-over-year basis. Research analysts predict that FactSet Research Systems Inc. will post 16.33 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.00%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Friday, May 31st. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.37%.

Hedge Funds Weigh In On FactSet Research Systems

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Nova Scotia increased its holdings in shares of FactSet Research Systems by 14.0% in the third quarter. Bank of Nova Scotia now owns 3,550 shares of the business services provider’s stock worth $1,552,000 after acquiring an additional 437 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in FactSet Research Systems by 22.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 2,898 shares of the business services provider’s stock worth $1,267,000 after buying an additional 535 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in FactSet Research Systems by 118.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 17,900 shares of the business services provider’s stock valued at $7,827,000 after buying an additional 9,700 shares in the last quarter. Legacy Advisors LLC boosted its holdings in shares of FactSet Research Systems by 5.2% in the third quarter. Legacy Advisors LLC now owns 2,358 shares of the business services provider’s stock valued at $1,031,000 after buying an additional 116 shares during the period. Finally, Kennedy Capital Management LLC increased its position in shares of FactSet Research Systems by 10.0% during the third quarter. Kennedy Capital Management LLC now owns 18,708 shares of the business services provider’s stock worth $8,180,000 after acquiring an additional 1,701 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Barclays reissued an “equal weight” rating and set a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Bank of America cut shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Finally, Jefferies Financial Group reduced their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, FactSet Research Systems has an average rating of “Hold” and an average price target of $432.00.

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.