Frederick Philip Snow Sells 3,000 Shares of FactSet Research Systems Inc. (NYSE:FDS) Stock

FactSet Research Systems Inc. (NYSE:FDS) CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,363,082.90. The sale was disclosed in a document filed with the SEC, which can be accessed 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 transaction 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 transaction of $1,428,060.00.

FactSet Research Systems Trading Up 1.2 %

NYSE:FDS opened at $428.24 on Friday. FactSet Research Systems Inc. has a one year low of $380.96 and a one year high of $488.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $16.32 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.66 and a beta of 0.73. The firm has a 50-day simple moving average of $447.66 and a 200-day simple moving average of $454.14.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $547.93 million. Equities analysts anticipate that FactSet Research Systems Inc. will post 15.82 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be issued a $1.04 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.16 annualized dividend and a dividend yield of 0.97%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s payout ratio is currently 31.04%.

Analyst Ratings Changes

A number of research firms recently commented on FDS. The Goldman Sachs Group lifted 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 note on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets lifted 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 note on Monday, March 25th. Barclays reaffirmed an “equal weight” rating and set a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $469.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $442.70.

Institutional Investors Weigh In On FactSet Research Systems

Several large investors have recently modified their holdings of FDS. Vanguard Group Inc. raised its stake in shares of FactSet Research Systems by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 4,559,576 shares of the business services provider’s stock worth $2,175,146,000 after acquiring an additional 16,801 shares in the last quarter. Bamco Inc. NY raised its stake in shares of FactSet Research Systems by 0.3% during the 3rd quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock worth $1,203,163,000 after acquiring an additional 8,862 shares in the last quarter. Morgan Stanley raised its stake in shares of FactSet Research Systems by 100.1% during the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after acquiring an additional 698,611 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of FactSet Research Systems by 15.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after acquiring an additional 66,986 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in shares of FactSet Research Systems by 1.6% during the 3rd quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock worth $192,852,000 after acquiring an additional 6,960 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

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.