Insider Selling: FactSet (FDS) Director Sells 1,500 Shares of Stock

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 transaction, the director now owns 500 shares of the company’s stock, valued at approximately $98,775. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of NYSE FDS opened at $196.21 on Thursday. FactSet has a 52 week low of $155.09 and a 52 week 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. The stock has a market capitalization of $7,669.36, a price-to-earnings ratio of 24.85, a P/E/G ratio of 2.10 and a beta of 0.95.

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FactSet (NYSE:FDS) last issued its earnings results on Tuesday, March 27th. The business services provider reported $2.12 EPS for the quarter, topping 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 business had revenue of $335.20 million during the quarter, compared to the consensus estimate of $333.78 million. During the same quarter last year, the company earned $1.81 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. equities analysts forecast that FactSet will post 8.48 earnings per share for the current fiscal year.

FactSet declared that its Board of Directors has approved a stock repurchase program on Tuesday, March 27th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 3.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 28th were paid a $0.56 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $2.24 annualized dividend and a yield of 1.14%. FactSet’s dividend payout ratio is currently 30.64%.

FDS has been the subject of several research reports. Zacks Investment Research upgraded FactSet from a “hold” rating to a “buy” rating and set a $233.00 price target for the company in a research note on Tuesday, March 6th. Cantor Fitzgerald increased their price target on FactSet from $187.00 to $203.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 28th. DA Davidson increased their price target on FactSet to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, March 15th. Piper Jaffray reiterated a “hold” rating and set a $199.00 price target on shares of FactSet in a research note on Thursday, December 21st. Finally, Wells Fargo set a $185.00 price target on FactSet and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. FactSet has a consensus rating of “Hold” and an average target price of $193.57.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. boosted its stake in FactSet by 3.1% in the 4th quarter. Franklin Resources Inc. now owns 10,875 shares of the business services provider’s stock worth $2,096,000 after purchasing an additional 332 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of FactSet by 6.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,406 shares of the business services provider’s stock valued at $1,042,000 after acquiring an additional 346 shares during the last quarter. Copeland Capital Management LLC boosted its position in shares of FactSet by 0.6% during the 4th quarter. Copeland Capital Management LLC now owns 61,172 shares of the business services provider’s stock valued at $11,792,000 after acquiring an additional 351 shares during the last quarter. Amalgamated Bank boosted its position in shares of FactSet by 5.4% during the 4th quarter. Amalgamated Bank now owns 8,110 shares of the business services provider’s stock valued at $1,563,000 after acquiring an additional 419 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of FactSet by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 168,037 shares of the business services provider’s stock valued at $30,264,000 after acquiring an additional 432 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

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FactSet Company Profile

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.

Insider Buying and Selling by Quarter for FactSet (NYSE:FDS)

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