Insider Selling: FactSet Research Systems Inc. (NYSE:FDS) EVP Sells $1,870,897.28 in Stock

FactSet Research Systems Inc. (NYSE:FDS) EVP Robert J. Robie sold 4,336 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $431.48, for a total value of $1,870,897.28. Following the completion of the sale, the executive vice president now owns 1,485 shares in the company, valued at $640,747.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

FactSet Research Systems Trading Down 0.4 %

NYSE:FDS opened at $433.90 on Thursday. FactSet Research Systems Inc. has a 12-month low of $380.96 and a 12-month high of $488.64. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. The stock’s 50 day simple moving average is $445.32 and its 200-day simple moving average is $453.99. The firm has a market cap of $16.54 billion, a P/E ratio of 34.35, a PEG ratio of 2.71 and a beta of 0.73.

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

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors 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 0.96%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

Wall Street Analyst Weigh In

FDS has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective on the stock. Stifel Nicolaus restated a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Barclays reiterated an “equal weight” rating and set a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. The Goldman Sachs Group upped their price objective 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. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $442.70.

Hedge Funds Weigh In On FactSet Research Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of FactSet Research Systems by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 4,559,576 shares of the business services provider’s stock valued at $2,175,146,000 after buying an additional 16,801 shares in the last quarter. Bamco Inc. NY lifted its stake in shares of FactSet Research Systems by 0.3% in the third quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock valued at $1,203,163,000 after purchasing an additional 8,862 shares during the period. Morgan Stanley boosted its holdings in FactSet Research Systems by 100.1% during the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after buying an additional 698,611 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in FactSet Research Systems by 15.3% in the third quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock valued at $220,146,000 after buying an additional 66,986 shares in the last quarter. Finally, Fiera Capital Corp boosted its stake in shares of FactSet Research Systems by 1.6% during the 3rd quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock worth $192,852,000 after acquiring an additional 6,960 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

About FactSet Research Systems

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.