Insider Selling: FactSet Research Systems Inc. (NYSE:FDS) Director Sells $2,471,450.30 in Stock

FactSet Research Systems Inc. (NYSE:FDS) Director James J. Mcgonigle sold 5,410 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the sale, the director now directly owns 5,283 shares in the company, valued at $2,413,432.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS opened at $458.49 on Monday. The firm’s 50 day simple moving average is $424.39 and its 200-day simple moving average is $427.60. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.79 and a current ratio of 1.25. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64. The firm has a market cap of $17.44 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. During the same period in the previous year, the company posted $2.93 EPS. FactSet Research Systems’s revenue was up 4.9% on a year-over-year basis. As a group, equities analysts predict that FactSet Research Systems Inc. will post 17.16 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is 31.37%.

Wall Street Analysts Forecast Growth

FDS has been the topic of several analyst reports. Stifel Nicolaus boosted their target price on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. UBS Group boosted their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. BMO Capital Markets raised their target price on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Royal Bank of Canada lifted their price target on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group reduced their price objective 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 investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and an average target price of $446.67.

Institutional Investors Weigh In On FactSet Research Systems

Several large investors have recently modified their holdings of FDS. Verity & Verity LLC bought a new position in FactSet Research Systems in the second quarter worth approximately $307,000. Sanctuary Advisors LLC purchased a new stake in shares of FactSet Research Systems during the 2nd quarter worth $9,733,000. Aristides Capital LLC bought a new stake in FactSet Research Systems during the second quarter valued at about $1,225,000. Cetera Investment Advisers grew its stake in FactSet Research Systems by 7.2% in the second quarter. Cetera Investment Advisers now owns 5,791 shares of the business services provider’s stock valued at $2,364,000 after purchasing an additional 391 shares during the last quarter. Finally, Quarry LP bought a new position in FactSet Research Systems in the second quarter worth about $62,000. Institutional investors own 91.24% of the company’s stock.

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.