Frederick Philip Snow Sells 3,000 Shares of FactSet Research Systems Inc. (NYSE:FDS) Stock

FactSet Research Systems Inc. (NYSE:FDS) CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

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

FactSet Research Systems Stock Down 0.7 %

Shares of FDS stock opened at $439.92 on Wednesday. The stock’s fifty day moving average price is $466.25 and its 200 day moving average price is $456.22. FactSet Research Systems Inc. has a 1-year low of $380.96 and a 1-year high of $488.64. The company has a market cap of $16.76 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.68.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping 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 expect that FactSet Research Systems Inc. will post 15.78 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a yield of 0.89%. FactSet Research Systems’s payout ratio is 31.04%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. lifted its position in FactSet Research Systems by 10.8% during the 1st quarter. American Century Companies Inc. now owns 3,246 shares of the business services provider’s stock worth $1,409,000 after acquiring an additional 317 shares during the period. Panagora Asset Management Inc. raised its stake in shares of FactSet Research Systems by 9.3% in the first quarter. Panagora Asset Management Inc. now owns 2,236 shares of the business services provider’s stock worth $971,000 after purchasing an additional 190 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of FactSet Research Systems by 7.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,057 shares of the business services provider’s stock worth $2,195,000 after purchasing an additional 332 shares during the period. Cibc World Market Inc. boosted its position in FactSet Research Systems by 4.2% in the first quarter. Cibc World Market Inc. now owns 897 shares of the business services provider’s stock valued at $389,000 after buying an additional 36 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its position in FactSet Research Systems by 49.5% in the first quarter. Vontobel Holding Ltd. now owns 1,051 shares of the business services provider’s stock valued at $463,000 after buying an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FDS shares. The Goldman Sachs Group increased their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Barclays reissued an “equal weight” rating and issued a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $480.00 target price (up previously from $471.00) on shares of FactSet Research Systems in a research report on Friday, December 8th. Finally, BMO Capital Markets boosted their price target on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research report on Monday, March 25th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and a consensus target price of $444.11.

FactSet Research Systems Company Profile

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.