FactSet Research Systems Inc. (NYSE:FDS) CAO Gregory T. Moskoff Sells 2,500 Shares

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the sale, the chief accounting officer directly owned 44 shares in the company, valued at $19,474.40. This trade represents a 98.27% 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 Trading Down 0.9%

FDS stock traded down $3.83 during mid-day trading on Friday, hitting $446.16. 232,216 shares of the company were exchanged, compared to its average volume of 294,496. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $16.87 billion, a P/E ratio of 32.24, a PEG ratio of 2.91 and a beta of 0.84. The business has a fifty day simple moving average of $445.23 and a 200-day simple moving average of $447.59. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing the consensus estimate of $4.30 by ($0.03). The company had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $4.37 EPS. On average, equities research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th were paid a $1.10 dividend. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date was Friday, May 30th. This represents a $4.40 annualized dividend and a dividend yield of 0.99%. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.79%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kolinsky Wealth Management LLC boosted its stake in shares of FactSet Research Systems by 3.2% in the fourth quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock valued at $355,000 after purchasing an additional 23 shares during the period. Fifth Third Bancorp raised its holdings in FactSet Research Systems by 1.6% during the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider's stock worth $668,000 after purchasing an additional 23 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in FactSet Research Systems by 2.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock worth $583,000 after purchasing an additional 24 shares in the last quarter. Geller Advisors LLC raised its holdings in FactSet Research Systems by 5.6% during the fourth quarter. Geller Advisors LLC now owns 468 shares of the business services provider's stock worth $225,000 after purchasing an additional 25 shares in the last quarter. Finally, Birch Capital Management LLC raised its holdings in FactSet Research Systems by 0.3% during the first quarter. Birch Capital Management LLC now owns 8,611 shares of the business services provider's stock worth $3,915,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Analysts Set New Price Targets

FDS has been the topic of several recent analyst reports. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, June 20th. Wells Fargo & Company increased their price objective on shares of FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, BMO Capital Markets increased their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a research report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat, FactSet Research Systems presently has an average rating of "Hold" and a consensus target price of $444.25.

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.