FactSet Research Systems Inc. (NYSE:FDS) EVP Goran Skoko Sells 4,106 Shares

FactSet Research Systems Inc. (NYSE:FDS) EVP Goran Skoko sold 4,106 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $428.57, for a total transaction of $1,759,708.42. Following the completion of the transaction, the executive vice president now directly owns 5,262 shares in the company, valued at $2,255,135.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

FactSet Research Systems Stock Up 1.8 %

NYSE FDS opened at $436.08 on Tuesday. The business has a fifty day moving average price of $446.95 and a two-hundred day moving average price of $454.10. The stock has a market capitalization of $16.62 billion, a PE ratio of 34.53, a PEG ratio of 2.71 and a beta of 0.73. FactSet Research Systems Inc. has a fifty-two week low of $380.96 and a fifty-two week high of $488.64. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.83 by $0.39. The business had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. Equities analysts expect that FactSet Research Systems Inc. will post 15.82 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be given a $1.04 dividend. The ex-dividend date is Friday, May 31st. This represents a $4.16 dividend on an annualized basis and a yield of 0.95%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio (DPR) is currently 32.94%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its position in FactSet Research Systems by 133.2% during the 3rd quarter. SG Americas Securities LLC now owns 659 shares of the business services provider’s stock worth $288,000 after acquiring an additional 2,646 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of FactSet Research Systems by 4.1% during the third quarter. Commonwealth Equity Services LLC now owns 16,215 shares of the business services provider’s stock worth $7,090,000 after purchasing an additional 638 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of FactSet Research Systems by 15.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,972 shares of the business services provider’s stock worth $1,299,000 after purchasing an additional 389 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of FactSet Research Systems in the third quarter valued at approximately $207,000. Finally, Stratos Wealth Partners LTD. boosted its position in FactSet Research Systems by 12.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock worth $926,000 after buying an additional 237 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $469.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group boosted their price target on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Wolfe Research assumed coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price for the company. Finally, Barclays reaffirmed an “equal weight” rating and set a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $442.70.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data 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.