FactSet Research Systems Target of Unusually Large Options Trading (FDS)
FactSet Research Systems Inc. (NYSE:FDS) saw some unusual options trading on Friday. Stock investors purchased 1,301 call options on the stock. This represents an increase of Infinity compared to the typical volume of 0 call options.
Several brokerages have issued reports on FDS. Zacks Investment Research cut FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Morgan Stanley restated an “equal weight” rating and issued a $166.00 target price (up from $157.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Barclays PLC upped their target price on FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a report on Wednesday, September 27th. Stifel Nicolaus restated a “hold” rating and issued a $163.00 target price on shares of FactSet Research Systems in a report on Tuesday, July 25th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and issued a $192.00 price target (up previously from $180.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $172.73.
FactSet Research Systems (FDS) opened at $191.34 on Wednesday. FactSet Research Systems has a 12 month low of $153.84 and a 12 month high of $191.66. The company has a market capitalization of $7,460.00, a price-to-earnings ratio of 26.08, a PEG ratio of 2.16 and a beta of 0.96. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.03.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.01. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The firm had revenue of $326.60 million for the quarter, compared to analyst estimates of $325.26 million. During the same quarter in the prior year, the company earned $1.69 EPS. FactSet Research Systems’s revenue was up 13.7% on a year-over-year basis. sell-side analysts expect that FactSet Research Systems will post 8.18 earnings per share for the current year.
In other FactSet Research Systems news, COO Mark J. Hale sold 9,458 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $180.34, for a total value of $1,705,655.72. Following the completion of the sale, the chief operating officer now directly owns 11,314 shares in the company, valued at approximately $2,040,366.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Matthew J. Mcnulty sold 1,049 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $181.00, for a total value of $189,869.00. Following the completion of the sale, the vice president now owns 2,499 shares of the company’s stock, valued at $452,319. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,841 shares of company stock valued at $3,224,739. 2.80% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of FDS. ETF Managers Group LLC acquired a new position in FactSet Research Systems during the 2nd quarter worth about $121,000. Mountain Capital Investment Advisors Inc acquired a new position in FactSet Research Systems during the 2nd quarter worth about $126,000. Gotham Asset Management LLC lifted its stake in FactSet Research Systems by 6.8% during the 2nd quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock worth $215,000 after acquiring an additional 82 shares in the last quarter. Penobscot Investment Management Company Inc. lifted its stake in FactSet Research Systems by 9.4% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 1,390 shares of the business services provider’s stock worth $231,000 after acquiring an additional 120 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in FactSet Research Systems by 107.9% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,316 shares of the business services provider’s stock worth $237,000 after acquiring an additional 683 shares in the last quarter. 94.14% of the stock is currently owned by hedge funds and other institutional investors.
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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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