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

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the sale, the chief accounting officer owned 44 shares in the company, valued at $19,474.40. This represents a 98.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

FactSet Research Systems Stock Down 0.6%

Shares of NYSE:FDS traded down $2.91 on Friday, hitting $447.08. 86,975 shares of the company's stock were exchanged, compared to its average volume of 292,786. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The company has a market capitalization of $16.90 billion, a PE ratio of 32.32, a P/E/G ratio of 2.92 and a beta of 0.84. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The firm's 50-day moving average is $445.00 and its 200 day moving average is $448.20.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The business had revenue of $585.52 million during the quarter, compared to analysts' expectations of $580.70 million. During the same quarter in the previous year, the company posted $4.37 EPS. The company's revenue was up 5.9% compared to the same quarter last year. Sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current 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 issued a $1.10 dividend. The ex-dividend date was Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio is presently 31.79%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FDS. GAMMA Investing LLC boosted its position in shares of FactSet Research Systems by 40,436.2% in the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock valued at $195,536,000 after purchasing an additional 429,028 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of FactSet Research Systems in the fourth quarter valued at approximately $66,368,000. Vanguard Group Inc. raised its stake in shares of FactSet Research Systems by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock worth $2,180,160,000 after purchasing an additional 137,874 shares during the last quarter. Nuveen LLC acquired a new stake in shares of FactSet Research Systems during the first quarter worth $54,148,000. Finally, Vest Financial LLC acquired a new stake in shares of FactSet Research Systems during the first quarter worth $52,445,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FDS shares. Evercore ISI cut their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a report on Monday, June 16th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, June 20th. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, Wells Fargo & Company boosted their target price on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $444.25.

About FactSet Research Systems

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.