FactSet Research Systems Inc. (NYSE:FDS) CEO Sells $1,245,780.00 in Stock

FactSet Research Systems Inc. (NYSE:FDS) CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total value of $1,245,780.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,363,082.90. 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 Monday, April 1st, Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00.
• On Thursday, February 1st, Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock. The stock was sold at an average price of $476.02, for a total value of $1,428,060.00.

FactSet Research Systems Stock Performance

Shares of FDS opened at $419.57 on Thursday. The firm has a 50-day moving average price of $449.04 and a 200 day moving average price of $454.60. The firm has a market capitalization of $15.99 billion, a PE ratio of 33.22, a P/E/G ratio of 2.60 and a beta of 0.72. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. FactSet Research Systems Inc. has a 52-week low of $380.96 and a 52-week high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The firm had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 15.83 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were given a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a yield of 0.93%. FactSet Research Systems’s dividend payout ratio is presently 31.04%.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently bought and sold shares of FDS. BKM Wealth Management LLC acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $1,174,000. Stratos Wealth Partners LTD. lifted its holdings in FactSet Research Systems by 12.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock valued at $926,000 after acquiring an additional 237 shares during the last quarter. Advisors Preferred LLC acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $2,024,000. abrdn plc lifted its holdings in FactSet Research Systems by 17.4% in the 4th quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock valued at $32,874,000 after acquiring an additional 10,230 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $8,833,000. Institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on FDS. Stifel Nicolaus restated a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Barclays restated an “equal weight” rating and set a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. The Goldman Sachs Group upped their price target on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Finally, BMO Capital Markets upped their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research report on Monday, March 25th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and a consensus target price of $442.70.

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.