Home research company Insider Selling: FactSet Research Systems Inc. (NYSE: FDS) CEO Sells 2,500 Shares

Insider Selling: FactSet Research Systems Inc. (NYSE: FDS) CEO Sells 2,500 Shares

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FactSet Research Systems Inc. (NYSE: MSDS – Get a rating) CEO Frederick Philippe Snow sold 2,500 shares of the company in a transaction dated Friday, July 1. The shares were sold at an average price of $384.54, for a total transaction of $961,350.00. As a result of the transaction, the CEO now owns 3,988 shares of the company, valued at approximately $1,533,545.52. The transaction was disclosed in an SEC filing, available at this link.

Frederick Philip Snow also recently made the following trade(s):

  • On Wednesday, June 1, Frederick Philip Snow sold 2,500 shares of FactSet Research Systems. The stock was sold at an average price of $370.95, for a total transaction of $927,375.00.
  • On Monday, May 2, Frederick Philip Snow sold 2,500 shares of FactSet Research Systems. The stock was sold at an average price of $404.37, for a total transaction of $1,010,925.00.

Shares of FDS traded at $9.63 during Friday’s trading, hitting $394.20. 312,778 shares of the company were traded, against an average volume of 293,990. The company has a debt ratio of 1.63, a quick ratio of 3.72 and a current ratio of 1.99. The company has a market capitalization of $14.94 billion, a price/earnings ratio of 37.74, a P/E/G ratio of 2.95 and a beta of 0.83. The company’s 50-day simple moving average is $378.56 and its 200-day simple moving average is $413.49. FactSet Research Systems Inc. has a 12-month low of $332.67 and a 12-month high of $495.39.

FactSet Research Systems (NYSE: FDS – Get a rating) last reported results on Thursday, June 23. The business services provider reported earnings per share (EPS) of $3.76 for the quarter, beating analyst consensus estimates of $3.18 by $0.58. FactSet Research Systems posted a net margin of 22.41% and a return on equity of 44.24%. In the same period a year earlier, the company earned earnings per share of $2.72. On average, stock analysts expect FactSet Research Systems Inc. to post earnings per share of 13.29 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 16. Shareholders of record on Tuesday, May 31 received a dividend of $0.89. The ex-dividend date was Friday, May 27. This is a boost from FactSet Research Systems’ previous quarterly dividend of $0.82. This represents a dividend of $3.56 on an annualized basis and a yield of 0.90%. FactSet Research Systems payout ratio is 34.94%.

A number of hedge funds and other institutional investors have recently bought and sold shares of FDS. State Street Corp increased its stake in FactSet Research Systems by 27.5% in the fourth quarter. State Street Corp now owns 1,955,530 shares of the business services provider valued at $950,407,000 after acquiring an additional 421,362 shares in the last quarter. Geode Capital Management LLC raised its position in shares of FactSet Research Systems by 40.1% in the fourth quarter. Geode Capital Management LLC now owns 827,816 shares of the business services provider valued at $401,813,000 after purchasing an additional 236,744 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in FactSet Research Systems shares by 98.3% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 284,262 shares of the business services provider valued at $138,154,000 after purchasing an additional 140,946 shares during the period. Invesco Ltd. raised its position in shares of FactSet Research Systems by 103.6% in the fourth quarter. Invesco Ltd. now owns 240,740 shares of the business services provider valued at $117,002,000 after purchasing an additional 122,485 shares during the period. Finally, AustralianSuper Pty Ltd increased its position in shares of FactSet Research Systems by 179.4% in the first quarter. AustralianSuper Pty Ltd now owns 178,785 shares of the business services provider valued at $77,620,000 after buying an additional 114,793 shares during the period. Hedge funds and other institutional investors own 89.99% of the company’s shares.

FDS has been the subject of several recent research reports. Credit Suisse Group lowered its price target on shares of FactSet Research Systems from $475.00 to $390.00 and set a “neutral” rating on the stock in a Friday, June 24 research note. Barclays cut its price target on shares of FactSet Research Systems from $550.00 to $440.00 and set an “overweight” rating for the company in a Friday, June 24 report. Morgan Stanley lowered its price target on shares of FactSet Research Systems from $362.00 to $338.00 and set an “underweight” rating for the company in a Tuesday, June 21 report. Royal Bank of Canada lowered its target price on shares of FactSet Research Systems from $525.00 to $475.00 and set an “outperform” rating for the company in a Friday, June 24 report. Finally, Redburn Partners assumed stock coverage for FactSet Research Systems in a report on Tuesday, May 17. They issued a “sell” rating for the company. Three research analysts rated the stock with a sell rating, seven gave the company’s stock a hold rating and two gave the company’s stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $407.50.

FactSet Research Systems Company Profile (Get a rating)

FactSet Research Systems Inc, a financial data and analytics company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, Middle East, Africa and Asia-Pacific. The Company provides insights and insights through the Research, Analytics & Trading, Content & Technology and Wealth Solutions Workflow Solutions.

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