FactSet Research Systems Inc. (NYSE:FDS) Director Robin Ann Abrams Sells 2,375 Shares

FactSet Research Systems Inc. (NYSE:FDS) Director Robin Ann Abrams sold 2,375 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the sale, the director now owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

FactSet Research Systems Price Performance

Shares of FDS traded down $5.69 during trading hours on Tuesday, reaching $419.20. The company had a trading volume of 390,398 shares, compared to its average volume of 258,660. The firm has a 50 day simple moving average of $423.68 and a 200-day simple moving average of $448.16. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $15.98 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.71 and a beta of 0.74. FactSet Research Systems Inc. has a 12-month low of $385.27 and a 12-month high of $488.64.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.91 by $0.46. The firm had revenue of $552.70 million for the quarter, compared to analysts’ expectations of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.79 EPS. Research analysts expect that FactSet Research Systems Inc. will post 16.17 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.99%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date was Friday, May 31st. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

Institutional Investors Weigh In On FactSet Research Systems

A number of large investors have recently added to or reduced their stakes in FDS. Kestra Advisory Services LLC grew its stake in FactSet Research Systems by 21.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 1,690 shares of the business services provider’s stock valued at $739,000 after acquiring an additional 302 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of FactSet Research Systems during the 3rd quarter worth about $314,000. LPL Financial LLC boosted its stake in shares of FactSet Research Systems by 4.5% during the 3rd quarter. LPL Financial LLC now owns 56,818 shares of the business services provider’s stock worth $24,844,000 after purchasing an additional 2,438 shares during the last quarter. Mariner LLC boosted its stake in shares of FactSet Research Systems by 5.6% during the 3rd quarter. Mariner LLC now owns 11,984 shares of the business services provider’s stock worth $5,240,000 after purchasing an additional 631 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of FactSet Research Systems by 3.8% during the 3rd quarter. Stifel Financial Corp now owns 41,840 shares of the business services provider’s stock worth $18,318,000 after purchasing an additional 1,546 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts 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 target for the company. Bank of America downgraded shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. The Goldman Sachs Group upped their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Stifel Nicolaus restated a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Jefferies Financial Group cut their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $432.00.

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.