FactSet Research Systems Inc. (NYSE:FDS) Executive Vice President of Dealmakers & Wealth, Goran Skoko, has recently sold a significant portion of his company shares, according to the latest filings. The transactions, which took place on May 10, 2024, resulted in Skoko selling a total of 6,215 shares of FactSet common stock at an average price range between $436.38 and $436.94, netting approximately $2,712,195.
The sales were executed in multiple trades, with the prices ranging slightly within the reported average. In compliance with regulatory requirements, Skoko has agreed to provide full details of the transaction to the SEC, FactSet, or any requesting shareholder.
On the same day, Goran Skoko also acquired 6,215 shares of common stock at a price of $189.98, amounting to a total of $1,180,725. It is important to note that these shares were acquired through the exercise of employee stock options that were granted to Skoko back on November 2, 2017. These options, which vest 20% annually on the anniversary date of the grant, have now become fully vested after five years.
Following the day's transactions, Skoko's ownership in FactSet has been adjusted, and he now holds a total of 5,262.1117 shares directly. The executive's trading activities are a routine part of managing personal investment portfolios and are often scheduled in advance through automated trading plans.
Investors and market watchers often keep a close eye on insider transactions like these for insights into executive confidence and company performance. It is worth noting, however, that such transactions do not necessarily indicate a change in company outlook, as they can be influenced by a variety of personal financial considerations.
FactSet Research Systems Inc. is a global provider of integrated financial information, analytical applications, and industry-leading services for the investment community. With its commitment to delivering insight and information to financial professionals, the company continues to be a key player in the market data and software solutions industry.
InvestingPro Insights
FactSet Research Systems Inc. (NYSE:FDS) has demonstrated a consistent commitment to shareholder returns, as reflected in the company's dividend track record. An InvestingPro Tip highlights that FactSet has not only maintained but raised its dividend for 25 consecutive years, showcasing a reliable income stream for investors. This kind of financial discipline is a testament to the company's stability and long-term approach to shareholder value.
On the valuation front, FactSet's market metrics offer a mixed picture. The company's current P/E ratio stands at 34.3, signaling that the stock is trading at a high earnings multiple. This is further supported by an adjusted P/E ratio for the last twelve months as of Q2 2024 at 32.73. While this might suggest a premium pricing for the shares, it's important to consider that analysts predict FactSet will be profitable this year, which is corroborated by the company's profitability over the last twelve months. This InvestingPro Tip reinforces the notion that investors are willing to pay a higher price for expected future earnings growth.
InvestingPro Data also shows a robust revenue growth of 7.26% over the last twelve months as of Q2 2024, indicating that FactSet continues to expand its financial footprint in the industry. The company's gross profit margin stands at an impressive 53.01%, underscoring its ability to maintain profitability amidst competitive market conditions. Investors looking to delve deeper into FactSet's financials and gain more insights can find additional InvestingPro Tips at https://www.investing.com/pro/FDS. Currently, there are 9 additional InvestingPro Tips available for FactSet, providing a comprehensive analysis for potential and current investors.
For those interested in accessing these insights and more, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enriching your investment decisions with real-time data and expert analysis.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.