FactSet (NYSE:FDS) Director Scott A. Billeadeau sold 1,500 shares of the stock in a transaction on Friday, April 13th. The stock was sold at an average price of $197.55, for a total value of $296,325.00. Following the completion of the transaction, the director now owns 500 shares in the company, valued at $98,775. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
NYSE FDS opened at $196.21 on Thursday. The firm has a market capitalization of $7,669.36, a P/E ratio of 24.85, a P/E/G ratio of 2.10 and a beta of 0.95. FactSet has a 12 month low of $155.09 and a 12 month high of $217.36. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.94.
FactSet (NYSE:FDS) last announced its earnings results on Tuesday, March 27th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.06. FactSet had a return on equity of 54.00% and a net margin of 19.07%. The firm had revenue of $335.20 million during the quarter, compared to analyst estimates of $333.78 million. During the same period last year, the firm posted $1.81 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. equities analysts expect that FactSet will post 8.48 EPS for the current year.
FactSet announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 27th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the business services provider to purchase up to 3.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Tuesday, February 27th. FactSet’s dividend payout ratio is presently 30.64%.
Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC increased its position in shares of FactSet by 723.4% during the 4th quarter. Advisory Services Network LLC now owns 1,021 shares of the business services provider’s stock valued at $197,000 after purchasing an additional 897 shares during the last quarter. Checchi Capital Advisers LLC purchased a new stake in shares of FactSet during the 4th quarter valued at $205,000. Lake Street Advisors Group LLC purchased a new stake in shares of FactSet during the 4th quarter valued at $205,000. Dumont & Blake Investment Advisors LLC purchased a new stake in shares of FactSet during the 4th quarter valued at $208,000. Finally, Delaney Dennis R purchased a new stake in shares of FactSet during the 4th quarter valued at $213,000. 95.98% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on FDS shares. Zacks Investment Research cut FactSet from a “buy” rating to a “hold” rating in a report on Monday, March 26th. Stifel Nicolaus increased their target price on FactSet from $169.00 to $184.00 and gave the stock a “hold” rating in a report on Wednesday, March 28th. UBS increased their price target on FactSet from $179.00 to $184.00 and gave the company a “sell” rating in a research report on Wednesday, March 28th. Bank of America increased their price target on FactSet from $210.00 to $214.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, DA Davidson increased their price target on FactSet to $185.00 and gave the company a “neutral” rating in a research report on Thursday, March 15th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. FactSet has a consensus rating of “Hold” and a consensus price target of $193.57.
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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