Robert J. Robie Sells 4,336 Shares of FactSet Research Systems Inc. (NYSE:FDS) Stock

FactSet Research Systems Inc. (NYSE:FDS) EVP Robert J. Robie sold 4,336 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the sale, the executive vice president now directly owns 1,485 shares in the company, valued at $640,747.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $435.49 on Wednesday. The firm has a 50-day simple moving average of $445.97 and a 200-day simple moving average of $454.13. 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 capitalization of $16.60 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. FactSet Research Systems Inc. has a 52 week low of $380.96 and a 52 week high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The business had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. On average, equities analysts predict that FactSet Research Systems Inc. will post 15.82 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday, March 25th. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group upped their target price on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Wolfe Research began coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective for the company. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $442.70.

Institutional Trading of FactSet Research Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Criterion Capital Advisors LLC purchased a new stake in shares of FactSet Research Systems in the fourth quarter valued at about $30,000. Desjardins Global Asset Management Inc. boosted its holdings in FactSet Research Systems by 69.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 34 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of FactSet Research Systems by 820.0% in the 3rd quarter. Larson Financial Group LLC now owns 92 shares of the business services provider’s stock valued at $40,000 after buying an additional 82 shares during the period. Smithfield Trust Co increased its holdings in shares of FactSet Research Systems by 51.6% during the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock worth $44,000 after buying an additional 32 shares during the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $49,000. 91.24% of the stock is owned by institutional investors and hedge funds.

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.