Insider Selling: FactSet Research Systems Inc. (NYSE:FDS) CEO Sells 2,500 Shares of Stock

Posted by admin on Aug 4th, 2022

FactSet Research Systems Inc. (NYSE:FDS – Get Rating) CEO Frederick Philip Snow sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $424.92, for a total transaction of $1,062,300.00. Following the transaction, the chief executive officer now owns 3,988 shares in the company, valued at $1,694,580.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Frederick Philip Snow also recently made the following trade(s):

On Friday, July 1st, Frederick Philip Snow sold 2,500 shares of FactSet Research Systems stock. The stock was sold at an average price of $384.54, for a total transaction of $961,350.00.
On Wednesday, June 1st, Frederick Philip Snow sold 2,500 shares of FactSet Research Systems stock. The stock was sold at an average price of $370.95, for a total transaction of $927,375.00.

FactSet Research Systems Stock Up 0.4 %

Shares of FDS stock opened at $422.47 on Thursday. The firm has a fifty day moving average of $388.18 and a 200-day moving average of $403.39. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.66. FactSet Research Systems Inc. has a 12-month low of $345.92 and a 12-month high of $495.39. The company has a market capitalization of $16.05 billion, a price-to-earnings ratio of 41.46, a P/E/G ratio of 3.14 and a beta of 0.80.

FactSet Research Systems (NYSE:FDS – Get Rating) last issued its quarterly earnings data on Thursday, June 23rd. The business services provider reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.58. FactSet Research Systems had a net margin of 22.41% and a return on equity of 44.24%. The company had revenue of $488.75 million during the quarter, compared to the consensus estimate of $476.06 million. During the same quarter in the prior year, the firm earned $2.72 earnings per share. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 13.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FDS. Kestra Advisory Services LLC acquired a new position in FactSet Research Systems during the fourth quarter worth $252,000. Allspring Global Investments Holdings LLC acquired a new position in FactSet Research Systems during the fourth quarter worth $1,286,000. State of New Jersey Common Pension Fund D boosted its holdings in FactSet Research Systems by 3.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 21,655 shares of the business services provider’s stock worth $10,525,000 after purchasing an additional 755 shares during the last quarter. Desjardins Global Asset Management Inc. acquired a new position in FactSet Research Systems during the fourth quarter worth $178,000. Finally, Yousif Capital Management LLC acquired a new position in FactSet Research Systems during the fourth quarter worth $2,831,000. Institutional investors and hedge funds own 89.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on FDS shares. Morgan Stanley cut their price objective on shares of FactSet Research Systems from $362.00 to $338.00 and set an “underweight” rating on the stock in a report on Tuesday, June 21st. Royal Bank of Canada cut their price objective on shares of FactSet Research Systems from $525.00 to $475.00 and set an “outperform” rating on the stock in a report on Friday, June 24th. Stifel Nicolaus cut their price objective on shares of FactSet Research Systems from $432.00 to $394.00 and set a “hold” rating on the stock in a report on Friday, June 24th. Redburn Partners started coverage on shares of FactSet Research Systems in a report on Tuesday, May 17th. They issued a “sell” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of FactSet Research Systems from $102.00 to $418.00 and gave the company a “hold” rating in a report on Friday, June 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $407.50.

FactSet Research Systems Company Profile

(Get Rating)

FactSet Research Systems Inc, a financial data and analytics 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.