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

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

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 shares were sold at an average price of $415.26, for a total value of $1,245,780.00.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $411.12 on Tuesday. The company has a market cap of $15.67 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 2.43 and a beta of 0.75. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 52 week low of $385.27 and a 52 week high of $488.64. The business has a 50 day moving average price of $421.90 and a 200-day moving average price of $446.82.

FactSet Research Systems (NYSE:FDS) last released 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 business had revenue of $552.70 million during the quarter, compared to analyst estimates of $552.71 million. During the same period in the prior year, the firm posted $3.79 EPS. FactSet Research Systems’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts anticipate that FactSet Research Systems Inc. will post 16.33 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.01%. This is an increase 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 is presently 31.37%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FDS. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. BMO Capital Markets increased their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday, March 25th. Jefferies Financial Group dropped 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 report on Wednesday, June 5th. Barclays restated an “equal weight” rating and issued a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Morgan Stanley upped their price target on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research note on Monday, June 24th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $432.00.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds have recently modified their holdings of FDS. Vanguard Group Inc. increased its position in shares of FactSet Research Systems by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock valued at $2,077,267,000 after acquiring an additional 11,974 shares during the last quarter. Morgan Stanley raised its stake in shares of FactSet Research Systems by 100.1% during the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after purchasing an additional 698,611 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of FactSet Research Systems by 15.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after buying an additional 66,986 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in FactSet Research Systems by 6.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock valued at $175,919,000 after buying an additional 20,787 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in FactSet Research Systems by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 355,333 shares of the business services provider’s stock worth $169,512,000 after buying an additional 8,432 shares during the last quarter. Institutional investors 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.