NORWALK, CT—Catrina Harding, the Chief People Officer of FactSet Research Systems Inc. (NYSE:FDS), recently sold 453 shares of the company’s common stock. The shares were sold at a price of $407.96 each, amounting to a total transaction value of $184,805. Following this sale, Harding holds 760 shares directly.
This transaction, filed with the Securities and Exchange Commission, reflects Harding's continued engagement with the company's stock, providing insights into executive stock movements at FactSet.
In other recent news, FactSet Research Systems reported robust fourth-quarter results, with adjusted earnings per share of $3.74 and a 4.9% year-over-year revenue increase to $562.2 million. However, the company's fiscal 2025 earnings guidance of $16.80-$17.40 per share fell short of Wall Street's projections. Amid these developments, Redburn-Atlantic downgraded FactSet's stock from Neutral to Sell, citing concerns about the company's growth trajectory and strategy. On the other hand, Evercore ISI initiated coverage on FactSet with an In Line rating, while Stifel, Wells Fargo, and RBC Capital Markets raised their price targets, reflecting expectations of slightly better revenue growth in the near term. Goldman Sachs, BMO Capital, and Wolfe Research maintained a Sell, Market Perform, and Underperform rating on FactSet respectively, citing a modest forecast for fiscal year 2025 and competitive challenges. These are recent developments in the company's performance and market expectations.
InvestingPro Insights
While Catrina Harding's recent stock sale provides a glimpse into executive transactions at FactSet Research Systems Inc. (NYSE:FDS), a broader look at the company's financial metrics and market position offers additional context for investors.
According to InvestingPro data, FactSet currently boasts a market capitalization of $17.5 billion, positioning it as a significant player in the financial information services sector. The company's P/E ratio stands at 32.71, indicating that investors are willing to pay a premium for FactSet's earnings, possibly due to its strong market position and growth prospects.
One of the most notable InvestingPro Tips for FactSet is its impressive dividend history. The company has raised its dividend for 25 consecutive years, demonstrating a commitment to returning value to shareholders. This consistent dividend growth, coupled with a current dividend yield of 0.9%, may be particularly attractive to income-focused investors.
However, it's worth noting that FactSet is trading at a high Price / Book multiple of 9.14, which could suggest that the stock is relatively expensive compared to its book value. This aligns with another InvestingPro Tip indicating that FactSet is trading at a high earnings multiple.
On the financial performance front, FactSet has shown steady growth with a revenue increase of 5.64% over the last twelve months, reaching $2.2 billion. The company's profitability remains strong, with a gross profit margin of 54.07% and an operating income margin of 32.05% for the same period.
For investors seeking a more comprehensive analysis, InvestingPro offers 8 additional tips for FactSet, providing a deeper understanding of the company's financial health and market position.
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