James J. Mcgonigle Sells 5,410 Shares of FactSet Research Systems Inc. (NYSE:FDS) Stock

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) Director James J. Mcgonigle sold 5,410 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the sale, the director now owns 5,283 shares of the company's stock, valued at approximately $2,413,432.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FactSet Research Systems Trading Up 0.6 %

Shares of FactSet Research Systems stock traded up $2.82 during trading on Friday, hitting $458.49. The company's stock had a trading volume of 194,631 shares, compared to its average volume of 269,343. The stock has a market cap of $17.44 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $488.64. The stock has a 50-day moving average price of $424.39 and a two-hundred day moving average price of $428.34.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating the consensus estimate of $3.62 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 $562.20 million for the quarter, compared to analysts' expectations of $547.06 million. During the same period in the prior year, the business posted $2.93 earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. Equities research analysts anticipate that FactSet Research Systems Inc. will post 17.16 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently modified their holdings of FDS. Mission Wealth Management LP grew its stake in shares of FactSet Research Systems by 0.7% in the 1st quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider's stock valued at $1,536,000 after buying an additional 24 shares during the period. Procyon Advisors LLC grew its stake in FactSet Research Systems by 0.4% in the first quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider's stock valued at $2,948,000 after acquiring an additional 27 shares during the period. Argent Trust Co increased its holdings in shares of FactSet Research Systems by 2.1% during the second quarter. Argent Trust Co now owns 1,312 shares of the business services provider's stock valued at $536,000 after acquiring an additional 27 shares in the last quarter. Legacy Financial Advisors Inc. raised its position in shares of FactSet Research Systems by 4.0% during the second quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider's stock worth $341,000 after purchasing an additional 32 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of FactSet Research Systems by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 8,407 shares of the business services provider's stock worth $3,820,000 after purchasing an additional 34 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FDS has been the topic of several recent research reports. Royal Bank of Canada raised their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a "sector perform" rating in a report on Friday, September 20th. Wells Fargo & Company raised their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a research note on Friday, September 20th. UBS Group upped their target price on FactSet Research Systems from $455.00 to $485.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Stifel Nicolaus raised their price target on FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. Finally, Jefferies Financial Group cut their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a "hold" rating for the company in a research report on Wednesday, June 5th. Four research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $446.67.

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.