FactSet Research Systems Inc. (NYSE:FDS) director Laurie Siegel has sold a significant portion of her holdings in the company, according to the latest SEC filings. On September 26, Siegel executed sales totaling $615,276, with prices ranging from $459.76 to $460.35 per share.
The transactions involved two separate sales: the first saw 1,138 shares sold at an average price of $459.76, and the second involved 200 shares at an average price of $460.35. This sale comes alongside Siegel's acquisition of 1,338 shares through the exercise of options at a price of $197.75 per share, amounting to a total transaction value of $264,589.
Siegel's recent activity has resulted in a change to her position in the company, with the SEC report indicating a post-transaction ownership of 759 shares of common stock in FactSet. The sale prices were determined as weighted averages, as the shares were sold in multiple trades within the provided price ranges.
The SEC filing also notes that the options exercised by Siegel were originally granted on January 12, 2018, and became fully vested on the third anniversary of the grant date. The director now holds a direct ownership in the remaining shares following these transactions.
Investors and followers of FactSet Research Systems Inc. will be keeping an eye on insider trading activity as it can often provide valuable insights into the company's performance and insider perspectives.
In other recent news, FactSet Research Systems reported impressive 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, FactSet'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. Stifel has raised its price target for FactSet shares from $451.00 to $469.00, while RBC Capital Markets and Wells Fargo (NYSE:WFC) increased theirs to $503.00. These adjustments follow positive developments within FactSet, particularly in the U.S. market, despite challenges in Europe. FactSet's upcoming investor day in New York City was also announced amidst these recent developments.
InvestingPro Insights
To provide additional context to Laurie Siegel'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 currently has a market capitalization of $17.33 billion, reflecting its significant presence in the financial information and analytics industry. The company's P/E ratio stands at 32.58, 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 is that FactSet has raised its dividend for 25 consecutive years. This impressive track record of dividend growth aligns with the company's stable financial performance and commitment to shareholder returns. The current dividend yield is 0.91%, with a dividend growth rate of 6.12% over the last twelve months.
FactSet's revenue for the last twelve months as of Q4 2024 was $2.2 billion, with a revenue growth of 5.64%. The company's profitability is robust, with a gross profit margin of 54.07% and an operating income margin of 32.05%. These figures suggest that FactSet maintains a strong financial position, which may have influenced insider decisions like Siegel's recent transactions.
It's worth noting that while Siegel has reduced her position, FactSet continues to demonstrate solid financial performance. The company's return on assets stands at 13.39%, indicating efficient use of its assets to generate profits.
For investors seeking more comprehensive analysis, InvestingPro offers additional tips and insights. For instance, there are 8 more InvestingPro Tips available for FactSet, which could provide further context to the company's valuation and future prospects.
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