Insider Selling: FactSet Research Systems Inc. (FDS) Director Sells $368,875.94 in Stock

Insider Selling: FactSet Research Systems Inc. (FDS) Director Sells $368,875.94 in Stock

FactSet Research Systems Inc. (NYSE:FDS) Director Joseph E. Laird, Jr. sold 2,146 shares of the firm’s stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $171.89, for a total value of $368,875.94. Following the completion of the sale, the director now directly owns 7,000 shares of the company’s stock, valued at approximately $1,203,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at 176.16 on Monday. FactSet Research Systems Inc. has a 12-month low of $135.95 and a 12-month high of $183.17. The firm has a 50-day moving average price of $168.91 and a 200 day moving average price of $167.03. The stock has a market cap of $6.97 billion, a PE ratio of 20.86 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, December 20th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.70 by $0.05. FactSet Research Systems had a return on equity of 51.90% and a net margin of 30.18%. The company earned $288.10 million during the quarter. During the same period in the previous year, the company posted $1.48 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts predict that FactSet Research Systems Inc. will post $7.27 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P boosted its position in shares of FactSet Research Systems by 6.8% in the second quarter. Loomis Sayles & Co. L P now owns 2,789,051 shares of the company’s stock valued at $450,209,000 after buying an additional 177,352 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of FactSet Research Systems by 0.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,123,146 shares of the company’s stock valued at $344,162,000 after buying an additional 16,178 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of FactSet Research Systems by 2.8% in the third quarter. Wells Fargo & Company MN now owns 1,975,453 shares of the company’s stock valued at $320,220,000 after buying an additional 54,241 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of FactSet Research Systems by 4.2% in the third quarter. BlackRock Fund Advisors now owns 1,546,597 shares of the company’s stock valued at $250,703,000 after buying an additional 61,756 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of FactSet Research Systems by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,202,618 shares of the company’s stock valued at $194,127,000 after buying an additional 19,806 shares in the last quarter. 95.72% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on FDS shares. Credit Suisse Group started coverage on FactSet Research Systems in a research note on Sunday, November 20th. They set an “outperform” rating and a $179.00 price target for the company. Zacks Investment Research raised FactSet Research Systems from a “sell” rating to a “hold” rating in a research note on Monday, November 21st. Cantor Fitzgerald set a $161.00 price target on FactSet Research Systems and gave the stock a “hold” rating in a research note on Tuesday, December 20th. Goldman Sachs Group, Inc. (The) lifted their price target on FactSet Research Systems to $126.00 and gave the stock a “sell” rating in a research note on Wednesday, December 21st. Finally, Barclays PLC downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $170.00 to $164.00 in a research note on Tuesday, January 10th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. FactSet Research Systems has a consensus rating of “Hold” and an average target price of $164.50.

About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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