FactSet (FDS) Director Sells $296,325.00 in Stock

FactSet (NYSE:FDS) Director Scott A. Billeadeau sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $197.55, for a total value of $296,325.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

NYSE:FDS traded up $0.19 during trading hours on Tuesday, hitting $196.53. The company had a trading volume of 419,106 shares, compared to its average volume of 319,647. FactSet has a 1 year low of $155.09 and a 1 year high of $217.36. The stock has a market cap of $7,706.44, a P/E ratio of 26.89, a PEG ratio of 2.11 and a beta of 0.95. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.94.

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FactSet (NYSE:FDS) last announced its quarterly earnings results on Tuesday, March 27th. The business services provider reported $2.12 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $333.78 million. During the same quarter in the prior year, the company posted $1.81 EPS. The company’s quarterly revenue was up 13.9% on a year-over-year basis. equities analysts anticipate that FactSet will post 8.48 earnings per share for the current year.

FactSet declared that its board has initiated a stock buyback program on Tuesday, March 27th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 3.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, February 27th. FactSet’s dividend payout ratio (DPR) is presently 30.64%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. lifted its stake in FactSet by 96.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 5,435 shares of the business services provider’s stock worth $1,048,000 after acquiring an additional 2,672 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in FactSet during the 4th quarter worth about $569,000. Envestnet Asset Management Inc. lifted its stake in FactSet by 9.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,111 shares of the business services provider’s stock worth $3,683,000 after acquiring an additional 1,688 shares in the last quarter. We Are One Seven LLC acquired a new position in FactSet during the 4th quarter worth about $374,000. Finally, Dumont & Blake Investment Advisors LLC acquired a new position in FactSet during the 4th quarter worth about $208,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

FDS has been the subject of several research reports. Wells Fargo set a $185.00 price target on FactSet and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Oppenheimer reiterated a “hold” rating on shares of FactSet in a research report on Tuesday, December 19th. Piper Jaffray reiterated a “hold” rating and set a $199.00 price target on shares of FactSet in a research report on Thursday, December 21st. Morgan Stanley boosted their price target on FactSet from $179.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Finally, 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 report on Tuesday, March 6th. Three equities 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 stock. FactSet currently has a consensus rating of “Hold” and a consensus price target of $192.00.

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About FactSet

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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