FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) insider Catrina Harding sold 453 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $407.96, for a total transaction of $184,805.88. Following the sale, the insider now directly owns 760 shares in the company, valued at $310,049.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
FactSet Research Systems Price Performance
Shares of FactSet Research Systems stock traded up $0.80 on Tuesday, hitting $460.09. 210,486 shares of the company were exchanged, compared to its average volume of 261,830. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $447.06 and a 200 day moving average price of $429.30. The stock has a market capitalization of $17.50 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 3.08 and a beta of 0.75. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64.
FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same quarter in the previous year, the company posted $2.93 earnings per share. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.
FactSet Research Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, August 30th. FactSet Research Systems's payout ratio is currently 29.93%.
Hedge Funds Weigh In On FactSet Research Systems
Institutional investors have recently bought and sold shares of the company. SteelPeak Wealth LLC raised its position in shares of FactSet Research Systems by 134.1% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider's stock valued at $1,073,000 after buying an additional 1,506 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of FactSet Research Systems by 3.1% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider's stock valued at $20,321,000 after purchasing an additional 1,389 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of FactSet Research Systems by 214.5% during the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider's stock worth $2,454,000 after purchasing an additional 3,683 shares during the period. Illinois Municipal Retirement Fund increased its position in shares of FactSet Research Systems by 22.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider's stock worth $7,223,000 after purchasing an additional 2,920 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in FactSet Research Systems by 34.4% in the 1st quarter. Russell Investments Group Ltd. now owns 43,978 shares of the business services provider's stock valued at $19,959,000 after buying an additional 11,257 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have commented on FDS shares. Evercore ISI assumed coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They issued an "inline" rating and a $470.00 price objective on the stock. Wells Fargo & Company boosted their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a report on Friday, September 20th. Royal Bank of Canada increased their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a "sector perform" rating in a report on Friday, September 20th. Stifel Nicolaus boosted 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. Finally, UBS Group upped their price target on shares of FactSet Research Systems from $455.00 to $485.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. Five research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems has a consensus rating of "Hold" and a consensus price target of $443.57.
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FactSet Research Systems Company Profile
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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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