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 the company’s stock in a transaction on 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 owns 5,283 shares of the company’s stock, valued at $2,413,432.89. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $458.49 on Friday. The stock’s 50 day moving average is $424.39 and its 200 day moving average is $427.97. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64. The firm has a market cap of $17.44 billion, a P/E ratio of 34.58, a P/E/G ratio of 3.11 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79.

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

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. FactSet Research Systems’s payout ratio is currently 31.37%.

Analyst Upgrades and Downgrades

Several research analysts have commented on FDS shares. Wells Fargo & Company boosted their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Royal Bank of Canada increased their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Morgan Stanley boosted their target price on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research note on Monday, June 24th. Stifel Nicolaus increased their price target on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group reduced their price objective on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. 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, FactSet Research Systems currently has a consensus rating of “Hold” and an average target price of $446.67.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. grew its position in shares of FactSet Research Systems by 7.0% during the 4th quarter. D.A. Davidson & CO. now owns 1,115 shares of the business services provider’s stock worth $532,000 after buying an additional 73 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in FactSet Research Systems by 5.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 9,900 shares of the business services provider’s stock valued at $4,723,000 after purchasing an additional 520 shares in the last quarter. Hsbc Holdings PLC increased its stake in FactSet Research Systems by 15.7% in the fourth quarter. Hsbc Holdings PLC now owns 79,401 shares of the business services provider’s stock valued at $37,854,000 after purchasing an additional 10,763 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of FactSet Research Systems by 25.1% during the fourth quarter. Parallel Advisors LLC now owns 399 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 80 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of FactSet Research Systems by 1.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,593 shares of the business services provider’s stock worth $3,622,000 after purchasing an additional 121 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

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.