FactSet Research Systems Inc. (FDS) CFO Maurizio Nicolelli Sells 20,429 Shares of Stock
FactSet Research Systems Inc. (NYSE:FDS) CFO Maurizio Nicolelli sold 20,429 shares of the stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $167.75, for a total value of $3,426,964.75. Following the completion of the sale, the chief financial officer now directly owns 15,071 shares of the company’s stock, valued at approximately $2,528,160.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
FactSet Research Systems Inc. (NYSE:FDS) opened at 170.24 on Friday. FactSet Research Systems Inc. has a 52-week low of $135.95 and a 52-week high of $183.17. The company has a market cap of $6.74 billion, a PE ratio of 20.16 and a beta of 0.72. The firm’s 50-day moving average price is $164.81 and its 200 day moving average price is $165.99.
FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, December 20th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.05. The company had revenue of $288.10 million for the quarter. FactSet Research Systems had a return on equity of 51.90% and a net margin of 30.18%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 EPS. On average, equities analysts predict that FactSet Research Systems Inc. will post $7.27 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 20th. Investors of record on Wednesday, November 30th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, November 28th. This represents a $2.00 annualized dividend and a dividend yield of 1.17%. FactSet Research Systems’s payout ratio is 23.64%.
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Several equities research analysts have recently commented on FDS shares. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $125.00 price objective (up previously from $124.00) on shares of FactSet Research Systems in a report on Friday, September 30th. Credit Suisse Group reissued a “buy” rating and issued a $179.00 price objective on shares of FactSet Research Systems in a report on Wednesday, September 28th. Morgan Stanley set a $161.00 price target on FactSet Research Systems and gave the company a “hold” rating in a research note on Wednesday, September 28th. Zacks Investment Research cut FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Monday, November 28th. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of FactSet Research Systems in a research note on Wednesday, September 28th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. FactSet Research Systems presently has a consensus rating of “Hold” and a consensus target price of $164.50.
Several hedge funds and other institutional investors have recently made changes to their positions in FDS. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of FactSet Research Systems by 14.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,210 shares of the company’s stock valued at $196,000 after buying an additional 156 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of FactSet Research Systems by 71.3% in the third quarter. Penserra Capital Management LLC now owns 1,220 shares of the company’s stock valued at $197,000 after buying an additional 508 shares during the last quarter. Southeast Asset Advisors Inc. bought a new position in shares of FactSet Research Systems during the second quarter valued at about $202,000. Eaton Vance Management bought a new position in shares of FactSet Research Systems during the second quarter valued at about $210,000. Finally, Veritable L.P. bought a new position in shares of FactSet Research Systems during the second quarter valued at about $210,000. 95.14% of the stock is currently owned by institutional investors.
FactSet Research Systems Company Profile
FactSet Research Systems Inc (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S., Europe and Asia Pacific. Sales, consulting, data collection, product development and software engineering are the primary functional groups within the U.S., Europe and Asia Pacific segments that provide global financial and economic information to investment managers, investment banks and other financial services professionals.
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