FactSet Research Systems Inc. (NYSE:FDS) EVP Sells $1,759,708.42 in Stock

FactSet Research Systems Inc. (NYSE:FDS) EVP Goran Skoko sold 4,106 shares of FactSet Research Systems stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $428.57, for a total value of $1,759,708.42. Following the completion of the transaction, the executive vice president now directly owns 5,262 shares in the company, valued at $2,255,135.34. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $433.90 on Thursday. The firm has a market cap of $16.54 billion, a P/E ratio of 34.35, a P/E/G ratio of 2.71 and a beta of 0.73. The firm has a fifty day moving average of $445.32 and a two-hundred day moving average of $453.99. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. FactSet Research Systems Inc. has a 1-year low of $380.96 and a 1-year high of $488.64.

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, topping analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The business had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. As a group, research analysts anticipate that FactSet Research Systems Inc. will post 15.82 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be given a dividend of $1.04 per share. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, May 31st. FactSet Research Systems’s dividend payout ratio is currently 31.04%.

Hedge Funds Weigh In On FactSet Research Systems

Large investors have recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at about $1,174,000. Stratos Wealth Partners LTD. raised its position in shares of FactSet Research Systems by 12.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock worth $926,000 after purchasing an additional 237 shares during the period. Advisors Preferred LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter worth approximately $2,024,000. abrdn plc boosted its holdings in shares of FactSet Research Systems by 17.4% during the fourth quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock valued at $32,874,000 after acquiring an additional 10,230 shares during the period. Finally, Cookson Peirce & Co. Inc. bought a new position in FactSet Research Systems in the 4th quarter worth about $8,833,000. 91.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on FDS. Stifel Nicolaus restated a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets upped their price target on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Barclays reiterated an “equal weight” rating and set a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Wolfe Research began coverage on shares of FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective on the stock. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and a consensus price target of $442.70.

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.