Stock Traders Buy Large Volume of FactSet Research Systems Call Options (FDS)
FactSet Research Systems Inc. (NYSE:FDS) saw unusually large options trading on Monday. Investors bought 1,044 call options on the stock. This represents an increase of approximately 657% compared to the average volume of 138 call options.
Several equities analysts have recently issued reports on FDS shares. Credit Suisse Group reaffirmed an “outperform” rating and set a $205.00 price target (up previously from $200.00) on shares of FactSet Research Systems in a research note on Monday, October 23rd. Goldman Sachs Group started coverage on FactSet Research Systems in a research note on Wednesday, November 8th. They set a “neutral” rating and a $194.00 price target on the stock. Morgan Stanley upped their price target on FactSet Research Systems from $166.00 to $171.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Zacks Investment Research lowered FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Northcoast Research raised FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price target on the stock in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $180.73.
FactSet Research Systems (NYSE FDS) opened at $202.02 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.04 and a current ratio of 2.04. FactSet Research Systems has a one year low of $155.09 and a one year high of $206.66. The stock has a market capitalization of $7,980.34, a price-to-earnings ratio of 27.91, a PEG ratio of 2.32 and a beta of 0.97.
FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.01. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The firm had revenue of $326.60 million for the quarter, compared to analyst estimates of $325.26 million. During the same quarter in the prior year, the firm posted $1.69 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. analysts forecast that FactSet Research Systems will post 8.18 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Thursday, November 30th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, November 29th. FactSet Research Systems’s payout ratio is 34.36%.
In other news, COO Mark J. Hale sold 9,458 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the sale, the chief operating officer now owns 11,314 shares in the company, valued at $2,040,366.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matthew J. Mcnulty sold 1,049 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $181.00, for a total value of $189,869.00. Following the sale, the vice president now owns 2,499 shares in the company, valued at approximately $452,319. The disclosure for this sale can be found here. Insiders have sold 17,841 shares of company stock worth $3,224,739 in the last 90 days. Company insiders own 2.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Institutional & Family Asset Management LLC lifted its stake in FactSet Research Systems by 1.5% in the third quarter. Institutional & Family Asset Management LLC now owns 18,024 shares of the business services provider’s stock valued at $3,246,000 after buying an additional 259 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in FactSet Research Systems in the third quarter valued at about $513,000. Visionary Asset Management Inc. acquired a new position in FactSet Research Systems in the third quarter valued at about $205,000. GSA Capital Partners LLP acquired a new position in FactSet Research Systems in the third quarter valued at about $248,000. Finally, Fieldpoint Private Securities LLC acquired a new position in FactSet Research Systems in the third quarter valued at about $195,000. 93.73% of the stock is currently owned by hedge funds and other institutional investors.
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About FactSet Research Systems
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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