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 business’s stock in a transaction dated Monday, July 1st. The stock was 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 in the company, valued at approximately $5,281,976.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 Up 1.2 %

Shares of FactSet Research Systems stock opened at $416.01 on Wednesday. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 2.43 and a beta of 0.75. FactSet Research Systems Inc. has a twelve month low of $385.27 and a twelve month high of $488.64. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. The business’s 50 day simple moving average is $421.82 and its 200-day simple moving average is $446.53.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, topping 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 firm had revenue of $552.70 million for the quarter, compared to analyst estimates of $552.71 million. During the same period last year, the company earned $3.79 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts forecast that FactSet Research Systems Inc. will post 16.33 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.00%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date was Friday, May 31st. FactSet Research Systems’s payout ratio is presently 31.37%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FDS. Jefferies Financial Group cut their price target 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. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a research note on Monday, June 24th. Oppenheimer reiterated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. The Goldman Sachs Group upped their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Finally, Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and a consensus target price of $432.00.

Institutional Investors Weigh In On FactSet Research Systems

Several large investors have recently made changes to their positions in the company. Signaturefd LLC grew its holdings in FactSet Research Systems by 6.5% in the 4th quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock worth $179,000 after buying an additional 23 shares in the last quarter. Drive Wealth Management LLC grew its stake in shares of FactSet Research Systems by 5.2% in the fourth quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock worth $233,000 after purchasing an additional 24 shares in the last quarter. Mission Wealth Management LP increased its holdings in shares of FactSet Research Systems by 0.7% during the first quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider’s stock valued at $1,536,000 after purchasing an additional 24 shares during the period. Global Retirement Partners LLC raised its stake in shares of FactSet Research Systems by 19.1% during the first quarter. Global Retirement Partners LLC now owns 168 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 27 shares in the last quarter. Finally, Procyon Advisors LLC lifted its holdings in FactSet Research Systems by 0.4% in the first quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock worth $2,948,000 after purchasing an additional 27 shares during the period. 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.