FactSet Research Systems Inc. (NYSE:FDS) EVP Sells $3,398,665.04 in Stock

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total value of $3,398,665.04. Following the transaction, the executive vice president owned 23,952 shares in the company, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

FactSet Research Systems Stock Performance

FDS stock traded up $2.88 during trading on Thursday, hitting $450.69. 255,316 shares of the company's stock traded hands, compared to its average volume of 293,160. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 52 week low of $391.69 and a 52 week high of $499.87. The stock has a fifty day moving average price of $444.60 and a two-hundred day moving average price of $448.47. The stock has a market capitalization of $17.04 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 2.90 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released 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). 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 for the quarter, compared to the consensus estimate of $580.70 million. During the same quarter in the previous year, the firm earned $4.37 EPS. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were paid a dividend of $1.10 per share. 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 yield of 0.98%. FactSet Research Systems's payout ratio is presently 31.79%.

Hedge Funds Weigh In On FactSet Research Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. boosted its holdings in shares of FactSet Research Systems by 4.7% during the first quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock valued at $609,000 after acquiring an additional 60 shares during the period. Bessemer Group Inc. boosted its holdings in shares of FactSet Research Systems by 284.3% during the first quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock valued at $535,000 after acquiring an additional 870 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of FactSet Research Systems by 800.0% during the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after acquiring an additional 88 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of FactSet Research Systems during the fourth quarter valued at $5,882,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of FactSet Research Systems by 35.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,927 shares of the business services provider's stock valued at $2,695,000 after acquiring an additional 1,557 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank Of Canada reiterated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday, June 20th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. BMO Capital Markets lifted their price objective on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. Finally, Morgan Stanley lifted their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, FactSet Research Systems has a consensus rating of "Hold" and a consensus price target 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.