FactSet Research Systems Inc. (NYSE:FDS) Director Sells $2,471,450.30 in Stock

FactSet Research Systems Inc. (NYSE:FDS) Director James J. Mcgonigle sold 5,410 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the transaction, the director now owns 5,283 shares in the company, valued at approximately $2,413,432.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

FactSet Research Systems Price Performance

FDS opened at $458.49 on Friday. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $488.64. The firm has a 50-day moving average of $424.39 and a 200 day moving average of $427.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.79 and a current ratio of 1.25. The firm has a market cap of $17.44 billion, a P/E ratio of 34.58, a PEG ratio of 3.11 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. During the same quarter last year, the business posted $2.93 EPS. FactSet Research Systems’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts expect that FactSet Research Systems Inc. will post 17.16 EPS for the current year.

FactSet Research Systems Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a report on Monday, June 24th. UBS Group raised their target price on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group decreased their price target on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. BMO Capital Markets increased their price target on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Finally, Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Four research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $446.67.

Institutional Investors Weigh In On FactSet Research Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDS. Vanguard Group Inc. boosted its position in FactSet Research Systems by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock worth $2,077,267,000 after purchasing an additional 11,974 shares during the period. Ninety One UK Ltd boosted its holdings in FactSet Research Systems by 0.9% in the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock worth $496,645,000 after buying an additional 10,928 shares during the period. PineStone Asset Management Inc. boosted its holdings in FactSet Research Systems by 53.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after buying an additional 94,952 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in FactSet Research Systems by 3.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider’s stock valued at $120,178,000 after buying an additional 9,925 shares in the last quarter. Finally, Tandem Investment Advisors Inc. raised its holdings in FactSet Research Systems by 1.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock valued at $102,079,000 after acquiring an additional 3,485 shares during the period. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Company Profile

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.