FactSet Research Systems Inc. (NYSE:FDS) CEO Sells $1,238,250.00 in Stock

FactSet Research Systems Inc. (NYSE:FDS) CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $412.75, for a total value of $1,238,250.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,330,666.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, July 1st, Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock. The stock was sold at an average price of $408.98, for a total value of $1,226,940.00.
• On Monday, June 3rd, Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock. The stock was sold at an average price of $400.00, for a total value of $1,200,000.00.

FactSet Research Systems Stock Up 1.4 %

FDS opened at $414.56 on Friday. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $488.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. The stock has a market cap of $15.77 billion, a P/E ratio of 31.26, a P/E/G ratio of 2.44 and a beta of 0.75. The stock’s 50 day moving average price is $414.87 and its 200 day moving average price is $439.47.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The firm had revenue of $552.70 million for the quarter, compared to analysts’ expectations of $552.71 million. During the same period last year, the firm earned $3.79 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. As a group, research analysts predict that FactSet Research Systems Inc. will post 16.29 earnings per share for the current year.

Institutional Trading of FactSet Research Systems

Large investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of FactSet Research Systems by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 254,556 shares of the business services provider’s stock valued at $115,752,000 after purchasing an additional 10,727 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of FactSet Research Systems by 6.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock valued at $175,919,000 after purchasing an additional 20,787 shares during the period. Advisors Preferred LLC acquired a new position in shares of FactSet Research Systems during the 4th quarter valued at $2,024,000. abrdn plc increased its position in shares of FactSet Research Systems by 17.4% during the 4th quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock valued at $32,874,000 after purchasing an additional 10,230 shares during the period. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of FactSet Research Systems during the 4th quarter valued at $8,833,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on FDS shares. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a report on Monday, June 24th. Jefferies Financial Group reduced their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Morgan Stanley raised their price target on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a report on Monday, June 24th. Finally, Wolfe Research started coverage on FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.