Short Interest in FactSet Research Systems Inc. (NYSE:FDS) Increases By 6.8%

FactSet Research Systems Inc. (NYSE:FDSGet Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 2,050,000 shares, a growth of 6.8% from the May 15th total of 1,920,000 shares. Based on an average daily volume of 276,100 shares, the short-interest ratio is presently 7.4 days.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS traded up $0.44 on Wednesday, hitting $407.17. The company’s stock had a trading volume of 420,375 shares, compared to its average volume of 267,033. FactSet Research Systems has a 12 month low of $385.27 and a 12 month high of $488.64. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 2.64 and a beta of 0.74. The stock’s 50-day moving average is $424.54 and its two-hundred day moving average is $449.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79.

FactSet Research Systems (NYSE:FDSGet Free Report) last released its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The company had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. On average, equities research analysts forecast that FactSet Research Systems will post 15.95 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.02%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, May 31st. FactSet Research Systems’s dividend payout ratio is currently 32.94%.

Insiders Place Their Bets

In related news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,838,871.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Goran Skoko sold 6,215 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the transaction, the executive vice president now directly owns 5,262 shares in the company, valued at $2,296,336.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,838,871.50. The disclosure for this sale can be found here. Insiders have sold 23,987 shares of company stock worth $10,283,347 over the last three months. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

Several hedge funds have recently modified their holdings of the stock. Criterion Capital Advisors LLC purchased a new stake in FactSet Research Systems in the 4th quarter worth about $30,000. Desjardins Global Asset Management Inc. raised its stake in shares of FactSet Research Systems by 69.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock worth $40,000 after purchasing an additional 34 shares in the last quarter. Smithfield Trust Co increased its holdings in shares of FactSet Research Systems by 51.6% during the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 32 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of FactSet Research Systems during the 4th quarter valued at about $49,000. Finally, Global Retirement Partners LLC increased its holdings in shares of FactSet Research Systems by 36.9% during the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 38 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FDS shares. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Bank of America downgraded shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their target price for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Stifel Nicolaus reissued a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research began coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price for the company. Finally, The Goldman Sachs Group boosted their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $431.50.

Get Our Latest Report on FDS

About FactSet Research Systems

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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.

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