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

FactSet Research Systems Inc. (NYSE:FDS) EVP Goran Skoko sold 4,106 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $428.57, for a total transaction of $1,759,708.42. Following the completion of the transaction, the executive vice president now directly owns 5,262 shares of the company’s stock, valued at $2,255,135.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

FactSet Research Systems Stock Down 0.4 %

Shares of FactSet Research Systems stock opened at $433.90 on Thursday. The business’s 50 day simple moving average is $445.32 and its 200 day simple moving average is $453.99. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $16.54 billion, a PE ratio of 34.35, a P/E/G 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, beating analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The business had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio is presently 31.04%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Wolfe Research started coverage on FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective for the company. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. BMO Capital Markets raised their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Finally, Barclays reissued an “equal weight” rating and set a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $442.70.

Institutional Trading of FactSet Research Systems

A number of large investors have recently added to or reduced their stakes in FDS. Signaturefd LLC increased its position in FactSet Research Systems by 6.5% during the fourth quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock worth $179,000 after buying an additional 23 shares during the last quarter. Drive Wealth Management LLC raised its stake in FactSet Research Systems by 5.2% in the 4th quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 24 shares during the period. Mission Wealth Management LP lifted its holdings in FactSet Research Systems by 0.7% during the 1st quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider’s stock valued at $1,536,000 after purchasing an additional 24 shares during the last quarter. Global Retirement Partners LLC boosted its position in FactSet Research Systems by 19.1% during the first quarter. Global Retirement Partners LLC now owns 168 shares of the business services provider’s stock worth $76,000 after purchasing an additional 27 shares during the period. Finally, Procyon Advisors LLC increased its holdings in shares of FactSet Research Systems by 0.4% in the first quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock valued at $2,948,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

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.