Traders Buy Large Volume of Put Options on FactSet Research Systems (FDS)

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FactSet Research Systems Inc. (NYSE:FDS) was the target of unusually large options trading on Tuesday. Stock traders bought 1,344 put options on the stock. This represents an increase of 867% compared to the average daily volume of 139 put options.

A number of analysts have weighed in on FDS shares. Wells Fargo & Co raised their price target on FactSet Research Systems from $190.00 to $225.00 and gave the company a “market perform” rating in a research note on Wednesday, September 26th. Morgan Stanley set a $204.00 price target on FactSet Research Systems and gave the company a “hold” rating in a research note on Monday, October 15th. Barclays raised their price target on FactSet Research Systems from $185.00 to $210.00 and gave the company an “underweight” rating in a research note on Wednesday, September 26th. Bank of America raised their price target on FactSet Research Systems from $214.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, September 26th. Finally, Credit Suisse Group started coverage on FactSet Research Systems in a research note on Friday, December 7th. They issued a “neutral” rating and a $238.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $217.82.

In other news, EVP Robert J. Robie sold 1,174 shares of the stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $224.78, for a total value of $263,891.72. Following the sale, the executive vice president now directly owns 2,862 shares in the company, valued at $643,320.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew J. Mcnulty sold 1,684 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of $225.00, for a total value of $378,900.00. Following the completion of the sale, the senior vice president now owns 3,727 shares in the company, valued at $838,575. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDS. BlackRock Inc. boosted its holdings in FactSet Research Systems by 1.9% in the 2nd quarter. BlackRock Inc. now owns 3,389,051 shares of the business services provider’s stock valued at $671,373,000 after purchasing an additional 62,132 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in FactSet Research Systems by 1.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,086,895 shares of the business services provider’s stock valued at $690,570,000 after purchasing an additional 51,270 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in FactSet Research Systems by 5.1% in the 3rd quarter. Wells Fargo & Company MN now owns 2,077,969 shares of the business services provider’s stock valued at $464,863,000 after purchasing an additional 100,449 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in FactSet Research Systems by 3.5% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 623,605 shares of the business services provider’s stock valued at $139,507,000 after purchasing an additional 20,938 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in FactSet Research Systems by 0.7% in the 2nd quarter. Northern Trust Corp now owns 425,823 shares of the business services provider’s stock valued at $84,357,000 after purchasing an additional 2,771 shares in the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

NYSE FDS opened at $208.37 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.95 and a current ratio of 1.95. FactSet Research Systems has a 52-week low of $183.89 and a 52-week high of $237.95. The stock has a market cap of $8.28 billion, a P/E ratio of 24.43, a P/E/G ratio of 2.10 and a beta of 0.92.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, December 18th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.06. FactSet Research Systems had a return on equity of 58.62% and a net margin of 19.78%. The firm had revenue of $351.60 million for the quarter, compared to analyst estimates of $349.92 million. During the same quarter last year, the company posted $2.04 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Analysts predict that FactSet Research Systems will post 9.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 18th. Investors of record on Friday, November 30th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, November 29th. FactSet Research Systems’s dividend payout ratio is currently 30.01%.

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FactSet Research Systems 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. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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