Insider Selling: FactSet Research Systems Inc. (NYSE:FDS) EVP Sells 7,606 Shares of Stock

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) EVP Christopher R. Ellis sold 7,606 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the sale, the executive vice president directly owned 23,952 shares of the company's stock, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

FactSet Research Systems Stock Down 0.9%

NYSE FDS traded down $3.83 during trading hours on Friday, reaching $446.16. 232,216 shares of the company traded hands, compared to its average volume of 294,004. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $16.87 billion, a PE ratio of 32.24, a PEG ratio of 2.94 and a beta of 0.84. The company has a 50 day moving average of $445.23 and a two-hundred day moving average of $447.89.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted 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 company had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. During the same quarter last year, the company earned $4.37 earnings per share. The company's revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently declared 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 is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 0.99%. FactSet Research Systems's payout ratio is 31.79%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cary Street Partners Financial LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at about $29,000. SouthState Corp boosted its holdings in shares of FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock valued at $27,000 after buying an additional 56 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of FactSet Research Systems by 4,200.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock valued at $39,000 after buying an additional 84 shares during the period. WPG Advisers LLC acquired a new position in shares of FactSet Research Systems in the 1st quarter valued at about $41,000. Finally, Bank of Jackson Hole Trust boosted its holdings in shares of FactSet Research Systems by 187.9% in the 1st quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock valued at $44,000 after buying an additional 62 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FDS. Morgan Stanley raised their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. BMO Capital Markets raised their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. Wells Fargo & Company raised their price target 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. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems has a consensus rating of "Hold" and an average 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.