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 the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the transaction, the chief executive officer now owns 12,987 shares in the company, valued at $5,910,253.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 transaction 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 Price Performance

Shares of FDS opened at $454.98 on Wednesday. The firm has a market capitalization of $17.31 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79. 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 moving average price is $425.78 and its 200-day moving average price is $427.31.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data 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 net margin of 24.38% and a return on equity of 34.77%. The firm had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same period in the previous year, the company earned $2.93 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that FactSet Research Systems Inc. will post 17.16 EPS for the current year.

FactSet Research Systems Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of 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. Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Jefferies Financial Group lowered their target price on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada raised their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and a consensus price target of $446.67.

Institutional Investors Weigh In On FactSet Research Systems

Hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its holdings in FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC boosted its holdings in FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the last quarter. Quest Partners LLC boosted its holdings in FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Gladius Capital Management LP purchased a new stake in FactSet Research Systems in the second quarter valued at $33,000. Finally, SJS Investment Consulting Inc. raised its position in shares of FactSet Research Systems by 300.0% in the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

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.