Insider Selling: FactSet Research Systems Inc. (NYSE:FDS) CEO Sells $1,365,270.00 in Stock

FactSet Research Systems Inc. (NYSE:FDS) CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the transaction, the chief executive officer now directly owns 12,987 shares in the company, valued at $5,910,253.83. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, September 3rd, Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00.
• On Thursday, August 1st, Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock. The shares were sold at an average price of $412.75, for a total transaction of $1,238,250.00.

FactSet Research Systems Trading Up 0.5 %

Shares of FactSet Research Systems stock opened at $459.09 on Friday. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The company’s fifty day simple moving average is $426.86 and its 200-day simple moving average is $427.52. The company has a market cap of $17.46 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 3.11 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65.

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

FactSet Research Systems Dividend Announcement

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

Wall Street Analysts Forecast Growth

FDS has been the topic of several analyst reports. Royal Bank of Canada increased 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. Morgan Stanley raised their target price on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a report on Monday, June 24th. Evercore ISI started coverage on FactSet Research Systems in a research note on Wednesday. They set an “inline” rating and a $470.00 price target for the company. BMO Capital Markets increased their price objective on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Finally, UBS Group boosted their target price on FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Four analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $448.46.

Institutional Trading of FactSet Research Systems

Several institutional investors have recently modified their holdings of FDS. Parallel Advisors LLC lifted its position in FactSet Research Systems by 25.1% in the fourth quarter. Parallel Advisors LLC now owns 399 shares of the business services provider’s stock worth $190,000 after purchasing an additional 80 shares during the period. TD Asset Management Inc boosted its position in shares of FactSet Research Systems by 0.7% during the 4th quarter. TD Asset Management Inc now owns 21,424 shares of the business services provider’s stock valued at $10,220,000 after acquiring an additional 150 shares in the last quarter. Stifel Financial Corp increased its stake in FactSet Research Systems by 5.3% in the fourth quarter. Stifel Financial Corp now owns 44,037 shares of the business services provider’s stock valued at $21,035,000 after acquiring an additional 2,197 shares during the period. Allianz Asset Management GmbH raised its position in FactSet Research Systems by 4.3% in the fourth quarter. Allianz Asset Management GmbH now owns 5,816 shares of the business services provider’s stock worth $2,775,000 after purchasing an additional 238 shares in the last quarter. Finally, J. W. Coons Advisors LLC bought a new position in FactSet Research Systems during the fourth quarter worth about $208,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

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.