Robert J. Robie Sells 4,336 Shares of FactSet Research Systems Inc. (NYSE:FDS) Stock

FactSet Research Systems Inc. (NYSE:FDS) EVP Robert J. Robie sold 4,336 shares of FactSet Research Systems stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the sale, the executive vice president now owns 1,485 shares in the company, valued at approximately $640,747.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $435.49 on Wednesday. The stock has a market cap of $16.60 billion, a P/E ratio of 34.48, a P/E/G ratio of 2.71 and a beta of 0.73. The firm’s 50-day simple moving average is $445.97 and its 200 day simple moving average is $454.13. FactSet Research Systems Inc. has a fifty-two week low of $380.96 and a fifty-two week high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83.

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

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be paid a dividend of $1.04 per share. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Friday, May 31st. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Oppenheimer reiterated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. The Goldman Sachs Group lifted their target price on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Wolfe Research started coverage on FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $442.70.

Institutional Trading of FactSet Research Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in FactSet Research Systems by 0.4% during 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 grew its stake in shares of FactSet Research Systems by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock worth $1,203,163,000 after purchasing an additional 8,862 shares during the last quarter. Morgan Stanley raised its holdings in shares of FactSet Research Systems by 100.1% in the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after purchasing an additional 698,611 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of FactSet Research Systems by 15.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after purchasing an additional 66,986 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in FactSet Research Systems by 1.6% during the third quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock valued at $192,852,000 after purchasing an additional 6,960 shares during the last quarter. Institutional investors 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.