FactSet Research Systems Inc. (FDS) Director James J. Mcgonigle Sells 1,186 Shares
FactSet Research Systems Inc. (NYSE:FDS) Director James J. Mcgonigle sold 1,186 shares of FactSet Research Systems stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $193.92, for a total transaction of $229,989.12. Following the sale, the director now owns 22,754 shares of the company’s stock, valued at approximately $4,412,455.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
FactSet Research Systems Inc. (FDS) opened at $197.00 on Friday. FactSet Research Systems Inc. has a one year low of $155.09 and a one year high of $207.25. The firm has a market cap of $7,620.00, a P/E ratio of 29.76, a P/E/G ratio of 2.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.04 and a current ratio of 2.64.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, December 19th. The business services provider reported $2.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.06. FactSet Research Systems had a net margin of 20.76% and a return on equity of 54.65%. The firm had revenue of $329.10 million for the quarter, compared to analyst estimates of $330.49 million. During the same quarter in the previous year, the firm posted $1.75 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. analysts forecast that FactSet Research Systems Inc. will post 8.32 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Thursday, November 30th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, November 29th. FactSet Research Systems’s payout ratio is currently 33.84%.
FDS has been the subject of several analyst reports. Credit Suisse Group reiterated an “outperform” rating and set a $205.00 price target (up previously from $200.00) on shares of FactSet Research Systems in a research report on Monday, October 23rd. Goldman Sachs Group assumed coverage on shares of FactSet Research Systems in a research report on Wednesday, November 8th. They set a “neutral” rating and a $194.00 price target for the company. Morgan Stanley lifted their price objective on shares of FactSet Research Systems from $166.00 to $171.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Northcoast Research lowered shares of FactSet Research Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 5th. Finally, Zacks Investment Research lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $183.46.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tandem Investment Advisors Inc. lifted its stake in FactSet Research Systems by 1.0% in the fourth quarter. Tandem Investment Advisors Inc. now owns 64,557 shares of the business services provider’s stock valued at $12,444,000 after buying an additional 620 shares in the last quarter. Institutional & Family Asset Management LLC lifted its position in shares of 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 worth $3,246,000 after purchasing an additional 259 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of FactSet Research Systems in the third quarter worth $513,000. Visionary Asset Management Inc. bought a new stake in shares of FactSet Research Systems in the third quarter worth $205,000. Finally, GSA Capital Partners LLP bought a new stake in shares of FactSet Research Systems in the third quarter worth $248,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.
FactSet Research Systems Company Profile
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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