FactSet Research Systems Inc. (FDS) COO Sells $1,705,655.72 in Stock
FactSet Research Systems Inc. (NYSE:FDS) COO Mark J. Hale sold 9,458 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the completion of the transaction, the chief operating officer now directly owns 11,314 shares in the company, valued at $2,040,366.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
FactSet Research Systems Inc. (NYSE:FDS) opened at 181.16 on Thursday. FactSet Research Systems Inc. has a one year low of $150.95 and a one year high of $184.20. The company has a market capitalization of $7.11 billion, a PE ratio of 21.12 and a beta of 0.98. The stock’s 50 day moving average is $164.62 and its 200 day moving average is $164.42.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.01. The business had revenue of $326.60 million for the quarter, compared to analyst estimates of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. FactSet Research Systems’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.69 EPS. On average, analysts anticipate that FactSet Research Systems Inc. will post $8.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Thursday, August 31st were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, August 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 34.36%.
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FDS has been the topic of several research analyst reports. UBS AG reissued a “buy” rating and issued a $146.00 price target (down from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. BidaskClub cut shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $163.00 target price on shares of FactSet Research Systems in a report on Tuesday, July 25th. Northcoast Research raised shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Thursday, September 21st. Finally, Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $187.00 target price on the stock in a report on Friday, September 22nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $170.64.
A number of institutional investors have recently bought and sold shares of FDS. ETF Managers Group LLC bought a new stake in FactSet Research Systems during the 2nd quarter worth approximately $121,000. Mountain Capital Investment Advisors Inc bought a new stake in FactSet Research Systems during the 2nd quarter worth approximately $126,000. Harfst & Associates Inc. bought a new stake in FactSet Research Systems during the 1st quarter worth approximately $199,000. Suntrust Banks Inc. increased its holdings in FactSet Research Systems by 4.0% during the 1st quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock worth $215,000 after acquiring an additional 50 shares during the period. Finally, Gotham Asset Management LLC increased its holdings in FactSet Research Systems by 6.8% during the 2nd quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock worth $215,000 after acquiring an additional 82 shares during the period. 93.72% of the stock is currently owned by institutional investors and hedge funds.
FactSet Research Systems Company Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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