Insider Selling: FactSet Research Systems Inc. (NYSE:FDS) CAO Sells $157,443.99 in Stock

FactSet Research Systems Inc. (NYSE:FDS) CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

FactSet Research Systems Stock Up 1.8 %

FDS stock opened at $449.34 on Friday. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company’s 50 day moving average price is $454.32 and its 200 day moving average price is $464.57. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.22 EPS. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is 29.59%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BMO Capital Markets decreased their price target on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research note on Monday. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $450.00 to $402.00 in a report on Friday, March 21st. Stifel Nicolaus raised their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. UBS Group dropped their target price on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Finally, Morgan Stanley reduced their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. Five analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $436.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp lifted its stake in FactSet Research Systems by 2.2% during the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after purchasing an additional 42,303 shares during the last quarter. Geode Capital Management LLC raised its holdings in FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after purchasing an additional 94,668 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in FactSet Research Systems by 3.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider’s stock worth $240,184,000 after purchasing an additional 16,522 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of FactSet Research Systems by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider’s stock worth $240,653,000 after buying an additional 7,718 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of FactSet Research Systems by 17.2% in the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider’s stock valued at $219,079,000 after buying an additional 66,861 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

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.