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FactSet Research Systems (NYSE:FDS) Shares Gap Down - Here's Why

FactSet Research Systems logo with Business Services background

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $473.05, but opened at $459.15. FactSet Research Systems shares last traded at $473.21, with a volume of 30,972 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FDS shares. Redburn Atlantic cut shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a "market perform" rating in a research note on Friday, November 15th. Royal Bank of Canada restated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, November 15th. Evercore ISI assumed coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They set an "inline" rating and a $470.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a research note on Friday, September 20th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of "Hold" and a consensus price target of $451.85.

Get Our Latest Analysis on FactSet Research Systems

FactSet Research Systems Stock Performance

The stock has a market capitalization of $18.60 billion, a P/E ratio of 35.23, a PEG ratio of 3.15 and a beta of 0.76. The company's fifty day simple moving average is $476.21 and its two-hundred day simple moving average is $441.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $568.70 million during the quarter, compared to analysts' expectations of $565.14 million. During the same period last year, the firm posted $4.12 EPS. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems's dividend payout ratio is 29.93%.

Insider Buying and Selling at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now owns 299 shares of the company's stock, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the transaction, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. This represents a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,984 shares of company stock valued at $10,981,107 in the last quarter. Company insiders own 1.10% of the company's stock.

Institutional Trading of FactSet Research Systems

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in FactSet Research Systems by 3.0% during the third quarter. Principal Financial Group Inc. now owns 48,791 shares of the business services provider's stock worth $22,437,000 after purchasing an additional 1,443 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of FactSet Research Systems by 5.7% during the 3rd quarter. Franklin Resources Inc. now owns 12,314 shares of the business services provider's stock worth $5,687,000 after buying an additional 669 shares during the last quarter. Synovus Financial Corp boosted its stake in FactSet Research Systems by 92.8% in the third quarter. Synovus Financial Corp now owns 1,336 shares of the business services provider's stock valued at $614,000 after buying an additional 643 shares in the last quarter. Tidal Investments LLC grew its position in FactSet Research Systems by 9.0% in the third quarter. Tidal Investments LLC now owns 2,535 shares of the business services provider's stock valued at $1,166,000 after acquiring an additional 209 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in FactSet Research Systems during the third quarter worth about $403,000. Institutional investors and hedge funds own 91.24% of the company's stock.

About FactSet Research Systems

(Get Free Report)

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.

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