FactSet Research Systems Inc. (FDS) Sees Unusually-High Trading Volume
Shares of FactSet Research Systems Inc. (NYSE:FDS) saw unusually-strong trading volume on Tuesday . Approximately 395,265 shares changed hands during trading, an increase of 13% from the previous session’s volume of 350,941 shares.The stock last traded at $162.80 and had previously closed at $161.18.
A number of analysts have commented on FDS shares. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a $130.00 price target on shares of FactSet Research Systems in a research report on Friday, April 1st. Zacks Investment Research raised shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Sterne Agee CRT reaffirmed a “neutral” rating on shares of FactSet Research Systems in a research report on Monday, May 16th. Barclays PLC cut their price target on shares of FactSet Research Systems from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 16th. Finally, Stifel Nicolaus cut shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, March 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $164.86.
The firm has a market cap of $6.51 billion and a price-to-earnings ratio of 25.96. The firm’s 50-day moving average is $158.02 and its 200 day moving average is $152.66.
FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, June 28th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.03. During the same quarter in the previous year, the firm posted $1.46 EPS. The business earned $287.50 million during the quarter. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities analysts expect that FactSet Research Systems Inc. will post $6.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Shareholders of record on Tuesday, May 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Thursday, May 26th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.44.
In other FactSet Research Systems news, VP Matthew J. Mcnulty sold 1,000 shares of the business’s stock in a transaction dated Friday, April 15th. The shares were sold at an average price of $154.00, for a total value of $154,000.00. Following the transaction, the vice president now owns 3,016 shares in the company, valued at $464,464. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rachel Rebecca Stern sold 4,583 shares of the business’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $153.37, for a total transaction of $702,894.71. Following the completion of the transaction, the senior vice president now owns 6,304 shares in the company, valued at approximately $966,844.48. The disclosure for this sale can be found here.
Several institutional investors have recently added to or reduced their stakes in FDS. Marshall Wace LLP purchased a new position in FactSet Research Systems during the fourth quarter worth about $13,622,000. I.G. Investment Management LTD. boosted its position in FactSet Research Systems by 2,163.5% in the fourth quarter. I.G. Investment Management LTD. now owns 45,383 shares of the company’s stock worth $7,378,000 after buying an additional 43,378 shares during the last quarter. New Amsterdam Partners LLC NY boosted its position in FactSet Research Systems by 40.8% in the fourth quarter. New Amsterdam Partners LLC NY now owns 119,285 shares of the company’s stock worth $19,392,000 after buying an additional 34,595 shares during the last quarter. Eagle Asset Management Inc. boosted its position in FactSet Research Systems by 25.8% in the fourth quarter. Eagle Asset Management Inc. now owns 78,136 shares of the company’s stock worth $12,702,000 after buying an additional 16,035 shares during the last quarter. Finally, LLBH Private Wealth Management LLC purchased a new position in FactSet Research Systems during the fourth quarter worth about $1,654,000.
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.