FactSet Research Systems Inc. (FDS) VP Matthew J. Mcnulty Sells 1,049 Shares of Stock
FactSet Research Systems Inc. (NYSE:FDS) VP Matthew J. Mcnulty sold 1,049 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $181.00, for a total value of $189,869.00. Following the sale, the vice president now directly owns 2,499 shares in the company, valued at approximately $452,319. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at 182.47 on Tuesday. FactSet Research Systems Inc. has a 52 week low of $150.95 and a 52 week high of $184.20. The firm has a market cap of $7.16 billion, a PE ratio of 21.28 and a beta of 0.98. The stock has a 50 day moving average price of $163.46 and a 200 day moving average price of $164.28.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. The business had revenue of $326.60 million for the quarter, compared to analysts’ expectations of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the business earned $1.69 earnings per share. Equities analysts expect that FactSet Research Systems Inc. will post $8.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st were paid a $0.56 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.23%. FactSet Research Systems’s dividend payout ratio (DPR) is 34.36%.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in FactSet Research Systems by 12,692.2% in the 1st quarter. BlackRock Inc. now owns 3,151,227 shares of the business services provider’s stock worth $519,669,000 after purchasing an additional 3,126,593 shares during the period. The Manufacturers Life Insurance Company lifted its stake in FactSet Research Systems by 288.3% in the second quarter. The Manufacturers Life Insurance Company now owns 497,418 shares of the business services provider’s stock worth $82,660,000 after purchasing an additional 369,323 shares during the last quarter. Fiduciary Management Inc. WI purchased a new stake in FactSet Research Systems during the second quarter valued at about $31,790,000. Junto Capital Management LP purchased a new stake in FactSet Research Systems during the second quarter valued at about $20,424,000. Finally, Vanguard Group Inc. boosted its position in FactSet Research Systems by 3.0% during the first quarter. Vanguard Group Inc. now owns 3,554,309 shares of the business services provider’s stock valued at $586,142,000 after buying an additional 103,458 shares during the period. 93.72% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on FDS. UBS AG reaffirmed a “buy” rating and issued a $146.00 target price (down previously from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. Morgan Stanley reissued an “equal weight” rating and set a $166.00 price target (up from $157.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Barclays PLC lifted their price target on FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a research note on Wednesday, September 27th. Bank of America Corporation restated a “neutral” rating and set a $192.00 price target (up from $180.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Finally, Stifel Nicolaus restated a “hold” rating and set a $169.00 price target (up from $163.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. FactSet Research Systems currently has an average rating of “Hold” and a consensus price target of $170.64.
About FactSet Research Systems
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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