Frederick Philip Snow Sells 2,500 Shares of FactSet Research Systems Inc. (NYSE:FDS) Stock

FactSet Research Systems Inc. (NYSE:FDSGet Rating) CEO Frederick Philip Snow sold 2,500 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $384.54, for a total transaction of $961,350.00. Following the transaction, the chief executive officer now owns 3,988 shares of the company’s stock, valued at approximately $1,533,545.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, June 1st, Frederick Philip Snow sold 2,500 shares of FactSet Research Systems stock. The shares were sold at an average price of $370.95, for a total transaction of $927,375.00.
  • On Monday, May 2nd, Frederick Philip Snow sold 2,500 shares of FactSet Research Systems stock. The shares were sold at an average price of $404.37, for a total transaction of $1,010,925.00.

Shares of FactSet Research Systems stock traded up $9.63 during midday trading on Friday, reaching $394.20. The company had a trading volume of 312,778 shares, compared to its average volume of 293,990. The company has a current ratio of 1.99, a quick ratio of 3.72 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 37.74, a price-to-earnings-growth ratio of 2.95 and a beta of 0.83. The stock has a fifty day simple moving average of $378.56 and a 200 day simple moving average of $413.49. FactSet Research Systems Inc. has a 1-year low of $332.67 and a 1-year high of $495.39.

FactSet Research Systems (NYSE:FDSGet Rating) last released its earnings results on Thursday, June 23rd. The business services provider reported $3.76 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.58. FactSet Research Systems had a net margin of 22.41% and a return on equity of 44.24%. During the same quarter last year, the firm posted $2.72 earnings per share. Sell-side analysts expect that FactSet Research Systems Inc. will post 13.29 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Tuesday, May 31st were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, May 27th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.82. FactSet Research Systems’s payout ratio is currently 34.94%.

A number of research analysts have recently issued reports on FDS shares. Morgan Stanley cut their target price on shares of FactSet Research Systems from $362.00 to $338.00 and set an “underweight” rating for the company in a research note on Tuesday, June 21st. StockNews.com cut shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Sunday, June 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of FactSet Research Systems from $102.00 to $418.00 and gave the company a “hold” rating in a research note on Friday, June 24th. UBS Group lifted their target price on shares of FactSet Research Systems from $432.00 to $454.00 and gave the company a “neutral” rating in a research note on Monday, March 28th. Finally, Credit Suisse Group lowered their price target on shares of FactSet Research Systems from $475.00 to $390.00 and set a “neutral” rating for the company in a report on Friday, June 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $407.50.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDS. Tudor Investment Corp Et Al grew its holdings in FactSet Research Systems by 7.0% during the 3rd quarter. Tudor Investment Corp Et Al now owns 4,804 shares of the business services provider’s stock worth $1,897,000 after acquiring an additional 315 shares during the period. UBS Group AG grew its holdings in FactSet Research Systems by 13.4% during the 3rd quarter. UBS Group AG now owns 38,499 shares of the business services provider’s stock worth $15,199,000 after acquiring an additional 4,551 shares during the period. Cetera Advisor Networks LLC grew its holdings in FactSet Research Systems by 13.6% during the 3rd quarter. Cetera Advisor Networks LLC now owns 1,063 shares of the business services provider’s stock worth $420,000 after acquiring an additional 127 shares during the period. Captrust Financial Advisors grew its holdings in FactSet Research Systems by 48.5% during the 3rd quarter. Captrust Financial Advisors now owns 2,161 shares of the business services provider’s stock worth $853,000 after acquiring an additional 706 shares during the period. Finally, Kingsview Wealth Management LLC boosted its position in shares of FactSet Research Systems by 7.2% during the third quarter. Kingsview Wealth Management LLC now owns 925 shares of the business services provider’s stock worth $365,000 after purchasing an additional 62 shares in the last quarter. 89.99% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile (Get Rating)

FactSet Research Systems Inc, a financial data and analytics 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.

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