Insider Selling: FactSet Research Systems Inc. (NYSE:FDS) EVP Sells 4,106 Shares of Stock

FactSet Research Systems Inc. (NYSE:FDS) EVP Goran Skoko sold 4,106 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $428.57, for a total value of $1,759,708.42. Following the completion of the transaction, the executive vice president now owns 5,262 shares of the company’s stock, valued at $2,255,135.34. The transaction was disclosed in a filing with the SEC, which is available at this link.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $435.49 on Wednesday. The company’s fifty day moving average price is $445.97 and its 200-day moving average price is $454.13. The stock has a market cap of $16.60 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. FactSet Research Systems Inc. has a 12 month low of $380.96 and a 12 month high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The business had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. On average, equities analysts expect that FactSet Research Systems Inc. will post 15.82 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Friday, May 31st. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio (DPR) is 31.04%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BKM Wealth Management LLC purchased a new position in shares of FactSet Research Systems in the 4th quarter worth about $1,174,000. Stratos Wealth Partners LTD. grew its holdings in shares of FactSet Research Systems by 12.6% during the third quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock valued at $926,000 after buying an additional 237 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $2,024,000. abrdn plc raised 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 worth $32,874,000 after acquiring an additional 10,230 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. bought a new position in FactSet Research Systems in the 4th quarter valued at approximately $8,833,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on FDS. The Goldman Sachs Group boosted their target price on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Oppenheimer reiterated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Wolfe Research began coverage on FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 target price for the company. Finally, Barclays reissued an “equal weight” rating and set a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, FactSet Research Systems has a consensus 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.