Goran Skoko Sells 4,106 Shares of FactSet Research Systems Inc. (NYSE:FDS) Stock

FactSet Research Systems Inc. (NYSE:FDS) EVP Goran Skoko sold 4,106 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $428.57, for a total value of $1,759,708.42. Following the completion of the sale, the executive vice president now owns 5,262 shares in the company, valued at approximately $2,255,135.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

FactSet Research Systems Stock Performance

FDS opened at $435.49 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.71 and a beta of 0.73. FactSet Research Systems Inc. has a 12-month low of $380.96 and a 12-month high of $488.64. The business has a 50 day moving average of $445.97 and a 200-day moving average of $454.13.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) 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, equities research analysts expect that FactSet Research Systems Inc. will post 15.82 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued a dividend of $1.04 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. FactSet Research Systems’s payout ratio is presently 31.04%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wolfe Research assumed coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective on the stock. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets increased their price target on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. Finally, The Goldman Sachs Group raised their price target on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $442.70.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its holdings in shares of FactSet Research Systems by 31.9% during the first quarter. Sei Investments Co. now owns 78,043 shares of the business services provider’s stock worth $35,460,000 after acquiring an additional 18,881 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in FactSet Research Systems by 11.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,862 shares of the business services provider’s stock worth $1,754,000 after purchasing an additional 400 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in FactSet Research Systems in the 1st quarter valued at $3,681,000. Forsta AP Fonden grew its holdings in FactSet Research Systems by 8.9% in the 1st quarter. Forsta AP Fonden now owns 19,500 shares of the business services provider’s stock valued at $8,861,000 after buying an additional 1,600 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its holdings in shares of FactSet Research Systems by 22.5% during the first quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider’s stock worth $7,223,000 after buying an additional 2,920 shares in the last quarter. 91.24% of the stock is owned by 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.