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

FactSet Research Systems Inc. (NYSE:FDS) CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, July 1st. The shares were 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 owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $400.00, for a total value of $1,200,000.00.
• On Wednesday, May 1st, Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock. The stock was sold at an average price of $415.26, for a total value of $1,245,780.00.

FactSet Research Systems Price Performance

FDS traded up $2.85 during trading on Monday, reaching $411.12. The stock had a trading volume of 300,685 shares, compared to its average volume of 266,792. The stock has a 50 day moving average of $422.45 and a two-hundred day moving average of $447.13. 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 firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 2.43 and a beta of 0.75. FactSet Research Systems Inc. has a 1-year low of $385.27 and a 1-year high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $552.70 million during the quarter, compared to analyst estimates of $552.71 million. During the same quarter in the prior year, the firm posted $3.79 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 16.33 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed 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 is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Friday, May 31st. This represents a $4.16 annualized dividend and a dividend yield of 1.01%. FactSet Research Systems’s dividend payout ratio (DPR) is 31.37%.

Wall Street Analysts Forecast Growth

FDS has been the subject of several recent research reports. The Goldman Sachs Group upped their price target on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Morgan Stanley upped their target price on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Wolfe Research began coverage on FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price target on the stock. Jefferies Financial Group decreased their price objective on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a research note on Monday, June 24th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $432.00.

Institutional Trading of FactSet Research Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley grew its position in FactSet Research Systems by 100.1% in the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after buying an additional 698,611 shares during the last quarter. Norges Bank acquired a new stake in shares of FactSet Research Systems during the 4th quarter valued at $47,977,000. International Assets Investment Management LLC bought a new stake in shares of FactSet Research Systems during the 4th quarter worth $45,288,000. PineStone Asset Management Inc. grew its holdings in shares of FactSet Research Systems by 117.0% in the 4th quarter. PineStone Asset Management Inc. now owns 163,521 shares of the business services provider’s stock worth $78,008,000 after acquiring an additional 88,173 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of FactSet Research Systems by 15.3% during the third quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after purchasing an additional 66,986 shares during the period. 91.24% of the stock is currently owned by institutional investors.

About FactSet Research Systems

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.