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

FactSet Research Systems Inc. (NYSE:FDS) CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total value of $1,365,270.00. Following the sale, the chief executive officer now owns 12,987 shares in the company, valued at approximately $5,910,253.83. The sale was disclosed in a filing with the SEC, which is accessible 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 stock was 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 stock was sold at an average price of $412.75, for a total transaction of $1,238,250.00.

FactSet Research Systems Stock Down 1.1 %

Shares of NYSE FDS traded down $4.87 during trading hours on Tuesday, hitting $454.98. The stock had a trading volume of 195,674 shares, compared to its average volume of 268,471. The company has a market capitalization of $17.31 billion, a P/E ratio of 34.31, a P/E/G ratio of 3.11 and a beta of 0.75. The firm’s 50-day moving average price is $425.01 and its two-hundred day moving average price is $427.46. 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 52 week low of $391.84 and a 52 week high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data 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. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same period in the prior year, the firm earned $2.93 EPS. FactSet Research Systems’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that FactSet Research Systems Inc. will post 17.16 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FDS. BMO Capital Markets lifted their price objective on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Royal Bank of Canada increased their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. UBS Group increased their target price on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Morgan Stanley boosted their price target on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Four investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $446.67.

Institutional Trading of FactSet Research Systems

A number of hedge funds have recently modified their holdings of the company. Parallel Advisors LLC grew its position in FactSet Research Systems by 25.1% during the 4th quarter. Parallel Advisors LLC now owns 399 shares of the business services provider’s stock worth $190,000 after acquiring an additional 80 shares during the last quarter. TD Asset Management Inc raised its stake in shares of FactSet Research Systems by 0.7% in the fourth quarter. TD Asset Management Inc now owns 21,424 shares of the business services provider’s stock worth $10,220,000 after acquiring an additional 150 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of 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 purchasing an additional 2,197 shares in the last quarter. Allianz Asset Management GmbH raised its position in FactSet Research Systems by 4.3% in the 4th 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 during the last quarter. Finally, J. W. Coons Advisors LLC acquired a new position in FactSet Research Systems during the 4th quarter worth $208,000. 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.