Frederick Philip Snow, the Chief Executive Officer of FactSet Research Systems Inc. (NYSE:FDS), recently executed a significant transaction involving the company's common stock. On November 1, 2024, Snow sold 3,000 shares of FactSet stock at an average price of $453.68 per share, totaling approximately $1.36 million. This transaction was carried out under a pre-arranged trading plan, limiting Snow's discretion over the timing of the sale.
In addition to the sale, Snow acquired 3,000 shares through the exercise of stock options at a price of $164.90 per share, amounting to a total value of $494,700. Furthermore, he received 6,764 shares at no cost upon the vesting of performance share units (PSUs), which were granted based on the company's performance over a three-year period.
Following these transactions, Snow's direct ownership of FactSet stock stands at 12,987.4699 shares.
In other recent news, FactSet Research Systems has been seeing significant attention from analysts. Redburn-Atlantic downgraded FactSet's stock from Neutral to Sell, citing concerns about the company's growth strategy and a significant slowdown in its top-line growth. FactSet's fourth-quarter results showcased a 4.9% year-over-year revenue increase to $562.2 million, while its adjusted earnings per share came in at $3.74. However, the company's fiscal 2025 earnings guidance of $16.80-$17.40 per share fell short of Wall Street's projection.
Analysts from Goldman Sachs (NYSE:GS), 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. Evercore ISI initiated coverage on FactSet with an In Line rating and a price target of $470, while Stifel and Wells Fargo (NYSE:WFC) increased their stock price targets to $469.00 and $503.00 respectively. RBC Capital Markets also raised its price target to $503 from the previous $464.
FactSet's organic Annual Subscription Value (ASV) growth slowed to 5.1% in the fourth fiscal quarter, down from 5.4% in the third fiscal quarter, with the company's guidance for organic ASV growth for fiscal year 2025 ranging between 4-6%. Amid these recent developments, FactSet announced an upcoming investor day scheduled in New York City. The company's fiscal year 2025 outlook is described as "a tale of two halves," with the second half expected to see a lift due to the execution of several large deals and contributions from new product launches.
InvestingPro Insights
To provide context for Frederick Philip Snow's recent stock transactions, let's examine some key financial metrics and insights for FactSet Research Systems Inc. (NYSE:FDS).
According to InvestingPro data, FactSet boasts a market capitalization of $17.52 billion, reflecting its significant presence in the financial information and analytics industry. The company's P/E ratio stands at 32.6, indicating that investors are willing to pay a premium for FactSet's earnings, possibly due to its strong market position and growth prospects.
FactSet's revenue for the last twelve months as of Q4 2024 reached $2.2 billion, with a revenue growth of 5.64% over the same period. This growth, coupled with a robust gross profit margin of 54.07%, underscores the company's ability to maintain profitability while expanding its business.
An InvestingPro Tip highlights that FactSet has raised its dividend for 25 consecutive years, demonstrating a commitment to returning value to shareholders. This consistent dividend growth, along with a current dividend yield of 0.9%, may be attractive to income-focused investors.
Another InvestingPro Tip notes that FactSet is trading at a high earnings multiple, which aligns with the observed P/E ratio. This valuation suggests that the market has high expectations for the company's future performance.
For readers interested in a more comprehensive analysis, InvestingPro offers additional tips and insights on FactSet's financial health and market position. In fact, there are 8 more InvestingPro Tips available for FactSet, providing a deeper understanding of the company's strengths and potential challenges.
Frederick Philip Snow, the Chief Executive Officer of FactSet Research Systems Inc. (NYSE:FDS), recently executed a significant transaction involving the company's common stock. On November 1, 2024, Snow sold 3,000 shares of FactSet stock at an average price of $453.68 per share, totaling approximately $1.36 million. This transaction was carried out under a pre-arranged trading plan, limiting Snow's discretion over the timing of the sale.
In addition to the sale, Snow acquired 3,000 shares through the exercise of stock options at a price of $164.90 per share, amounting to a total value of $494,700. Furthermore, he received 6,764 shares at no cost upon the vesting of performance share units (PSUs), which were granted based on the company's performance over a three-year period.
Following these transactions, Snow's direct ownership of FactSet stock stands at 12,987.4699 shares.
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