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

FactSet Research Systems Inc. (NYSE:FDS) VP Matthew J. Mcnulty sold 1,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $198.00, for a total value of $198,000.00. Following the completion of the sale, the vice president now owns 2,848 shares in the company, valued at approximately $563,904. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of FactSet Research Systems Inc. (NYSE FDS) opened at $198.33 on Wednesday. FactSet Research Systems Inc. has a 12-month low of $155.09 and a 12-month high of $207.25. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.64 and a current ratio of 2.64. The firm has a market capitalization of $7,716.97, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.24 and a beta of 0.97.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, December 19th. The business services provider reported $2.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.06. The business had revenue of $329.10 million for the quarter, compared to the consensus estimate of $330.49 million. FactSet Research Systems had a return on equity of 54.65% and a net margin of 20.76%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $1.75 earnings per share. equities research analysts forecast that FactSet Research Systems Inc. will post 8.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Thursday, November 30th were issued a $0.56 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $2.24 annualized dividend and a dividend yield of 1.13%. FactSet Research Systems’s dividend payout ratio is currently 33.79%.

A number of equities research analysts recently issued reports on FDS shares. Credit Suisse Group reiterated an “outperform” rating and issued a $205.00 price objective (up previously from $200.00) on shares of FactSet Research Systems in a research report on Monday, October 23rd. Goldman Sachs Group assumed coverage on FactSet Research Systems in a research report on Wednesday, November 8th. They set a “neutral” rating and a $194.00 price target on the stock. Morgan Stanley raised their price target on FactSet Research Systems from $166.00 to $171.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Northcoast Research downgraded FactSet Research Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 5th. Finally, Zacks Investment Research downgraded FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. FactSet Research Systems presently has an average rating of “Hold” and an average price target of $183.46.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in shares of FactSet Research Systems by 78.0% in the fourth quarter. Bank of Montreal Can now owns 6,739 shares of the business services provider’s stock worth $1,299,000 after buying an additional 2,954 shares during the period. Tandem Investment Advisors Inc. increased its holdings in shares of FactSet Research Systems by 1.0% in the fourth quarter. Tandem Investment Advisors Inc. now owns 64,557 shares of the business services provider’s stock worth $12,444,000 after buying an additional 620 shares during the period. Institutional & Family Asset Management LLC increased its holdings in shares of FactSet Research Systems by 1.5% in the third quarter. Institutional & Family Asset Management LLC now owns 18,024 shares of the business services provider’s stock worth $3,246,000 after buying an additional 259 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of FactSet Research Systems in the third quarter worth about $513,000. Finally, Visionary Asset Management Inc. purchased a new position in shares of FactSet Research Systems in the third quarter worth about $205,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

WARNING: “Insider Selling: FactSet Research Systems Inc. (FDS) VP Sells 1,000 Shares of Stock” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.com-unik.info/2018/01/17/insider-selling-factset-research-systems-inc-fds-vp-sells-1000-shares-of-stock.html.

FactSet Research Systems Company Profile

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.

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

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