FactSet Research Systems Inc. (NYSE:FDS) CEO Sells $1,245,780.00 in Stock

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $415.26, for a total value of $1,245,780.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company's stock, valued at $5,363,082.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Frederick Philip Snow also recently made the following trade(s):

• On Monday, April 1st, Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00.
• On Thursday, February 1st, Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock. The stock was sold at an average price of $476.02, for a total value of $1,428,060.00.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock traded up $2.68 on Wednesday, hitting $419.57. The stock had a trading volume of 235,910 shares, compared to its average volume of 241,137. FactSet Research Systems Inc. has a 52-week low of $380.96 and a 52-week high of $488.64. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 2.60 and a beta of 0.72. The company's 50 day moving average price is $449.04 and its 200 day moving average price is $454.60.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate 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. On average, research analysts anticipate that FactSet Research Systems Inc. will post 15.83 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Wednesday, February 28th. FactSet Research Systems's payout ratio is currently 31.04%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays reissued an "equal weight" rating and set a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Oppenheimer reissued a "market perform" rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research initiated coverage on FactSet Research Systems in a report on Thursday, April 11th. They set an "underperform" rating and a $430.00 price target for the company. Stifel Nicolaus reaffirmed a "hold" rating and set a $469.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, BMO Capital Markets lifted 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. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat.com, FactSet Research Systems currently has an average rating of "Hold" and an average target price of $442.70.

Institutional Trading of FactSet Research Systems

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc increased its position in FactSet Research Systems by 71.4% in the 3rd quarter. IFP Advisors Inc now owns 84 shares of the business services provider's stock valued at $37,000 after acquiring an additional 35 shares during the period. SG Americas Securities LLC increased its position in FactSet Research Systems by 133.2% in the 3rd quarter. SG Americas Securities LLC now owns 659 shares of the business services provider's stock valued at $288,000 after acquiring an additional 2,646 shares during the period. Handelsbanken Fonder AB increased its position in FactSet Research Systems by 4.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 7,651 shares of the business services provider's stock valued at $3,345,000 after acquiring an additional 300 shares during the period. Commonwealth Equity Services LLC increased its position in FactSet Research Systems by 4.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 16,215 shares of the business services provider's stock valued at $7,090,000 after acquiring an additional 638 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in FactSet Research Systems by 27.3% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 10,713 shares of the business services provider's stock valued at $4,684,000 after acquiring an additional 2,300 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

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.