James J. Mcgonigle Sells 5,410 Shares of FactSet Research Systems Inc. (NYSE:FDS) Stock

FactSet Research Systems Inc. (NYSE:FDS) Director James J. Mcgonigle sold 5,410 shares of FactSet Research Systems stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the sale, the director now directly owns 5,283 shares of the company’s stock, valued at approximately $2,413,432.89. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

FactSet Research Systems Stock Up 0.6 %

Shares of FDS opened at $458.49 on Monday. The firm has a market cap of $17.44 billion, a P/E ratio of 34.58, a PEG ratio of 3.11 and a beta of 0.75. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $488.64. The stock’s 50 day moving average is $424.39 and its two-hundred day moving average is $427.60. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.93 EPS. Analysts predict that FactSet Research Systems Inc. will post 17.16 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 annualized dividend and a dividend yield of 0.91%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Institutional Investors Weigh In On FactSet Research Systems

Several institutional investors have recently bought and sold shares of FDS. Verity & Verity LLC acquired a new position in shares of FactSet Research Systems during the second quarter valued at approximately $307,000. Sanctuary Advisors LLC purchased a new stake in shares of FactSet Research Systems during the second quarter worth approximately $9,733,000. Aristides Capital LLC acquired a new position in FactSet Research Systems in the 2nd quarter valued at $1,225,000. Cetera Investment Advisers lifted its holdings in FactSet Research Systems by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 5,791 shares of the business services provider’s stock valued at $2,364,000 after purchasing an additional 391 shares in the last quarter. Finally, Quarry LP purchased a new position in FactSet Research Systems in the 2nd quarter valued at $62,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FDS has been the subject of a number of research reports. BMO Capital Markets lifted their target price on FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Morgan Stanley raised their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Stifel Nicolaus upped their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. Jefferies Financial Group reduced their target price on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. Finally, Wells Fargo & Company upped their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $446.67.

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.