Insider Selling: FactSet Research Systems Inc. (FDS) Director Sells 1,000 Shares of Stock

FactSet Research Systems Inc. (NYSE:FDS) Director Joseph E. Laird, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $160.00, for a total transaction of $160,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $1,600,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at 160.69 on Wednesday. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 18.87 and a beta of 0.75. The firm has a 50-day moving average of $162.60 and a 200 day moving average of $167.52. FactSet Research Systems Inc. has a 12-month low of $148.50 and a 12-month high of $183.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, March 28th. The business services provider reported $1.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.01. FactSet Research Systems had a net margin of 30.18% and a return on equity of 51.90%. The company had revenue of $294.40 million during the quarter, compared to analyst estimates of $296.04 million. During the same quarter last year, the firm posted $1.63 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts forecast that FactSet Research Systems Inc. will post $7.28 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for FactSet Research Systems (NYSE:FDS)

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.56 per share. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, May 26th. This represents a $2.24 annualized dividend and a dividend yield of 1.39%. FactSet Research Systems’s dividend payout ratio (DPR) is 23.64%.

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Several institutional investors have recently bought and sold shares of FDS. SRS Capital Advisors Inc. acquired a new position in FactSet Research Systems during the fourth quarter valued at $124,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in FactSet Research Systems by 14.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,210 shares of the business services provider’s stock valued at $196,000 after buying an additional 156 shares during the period. Harfst & Associates Inc. acquired a new position in FactSet Research Systems during the first quarter valued at $199,000. Penobscot Investment Management Company Inc. raised its position in FactSet Research Systems by 2.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 1,270 shares of the business services provider’s stock valued at $209,000 after buying an additional 33 shares during the period. Finally, Suntrust Banks Inc. raised its position in FactSet Research Systems by 4.0% in the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock valued at $215,000 after buying an additional 50 shares during the period. Institutional investors own 95.71% of the company’s stock.

A number of equities analysts recently commented on the stock. Deutsche Bank AG assumed coverage on shares of FactSet Research Systems in a research note on Wednesday, May 10th. They issued a “hold” rating and a $160.00 price objective for the company. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a report on Tuesday, March 14th. Credit Suisse Group AG lifted their price target on shares of FactSet Research Systems from $179.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, March 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $163.00 price target on shares of FactSet Research Systems in a report on Tuesday, April 25th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. FactSet Research Systems currently has an average rating of “Hold” and a consensus target price of $168.30.

About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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