Factset Research Systems Inc. (NYSE:FDS) shares traded 0.11% higher at $407.17 on Wall Street last session.
FDS stock price is now -4.25% away from the 50-day moving average and -8.80% away from the 200-day moving average. The market capitalization of the company currently stands at $15.52B.
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With the price target reduced from $500 to $407, BofA Securities Downgraded its rating from Neutral to Underperform for Factset Research Systems Inc. (NYSE: FDS). On April 11, 2024, Wolfe Research recently initiated its ‘Underperform’ rating on the stock quoting a target price of $430, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Snow Frederick Philip, Chief Executive Officer sold 3,000 shares of the company’s stock on Jun 03 ’24. The stock was sold for $1,200,000 at an average price of $400.00. Upon completion of the transaction, the Chief Executive Officer now directly owns 12,915 shares in the company, valued at $5.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’24, EVP, Dealmakers & Wealth Skoko Goran sold 1,500 shares of the business’s stock. A total of $668,715 was realized by selling the stock at an average price of $445.81. This leaves the insider owning 3,762 shares of the company worth $1.53 million. A total of 0.22% of the company’s stock is owned by insiders.
During the past 12 months, Factset Research Systems Inc. has had a low of $385.27 and a high of $488.64. As of last week, the company has a debt-to-equity ratio of 0.95, a current ratio of 1.79, and a quick ratio of 1.79. According to the stock market information, the enterprise value for the company is $16773609472, which is based on a 32.24 price-to-earnings ratio, a 3.36 price-to-earnings-growth ratio, and a beta of 0.74. The fifty day moving average price for FDS is $424.5884 and a two-hundred day moving average price translates $446.3356 for the stock.
The latest earnings results from Factset Research Systems Inc. (NYSE: FDS) was released for 2024-02-29. The net profit margin was 22.72% and return on equity was 28.70% for FDS. The company reported revenue of $545.95 million for the quarter, compared to $515.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.99 percent.
