Fed Governor Adriana Kugler to resign
Frederick Philip Snow, the Chief Executive Officer of FactSet Research Systems Inc . (NYSE:FDS), a $17.4 billion market cap financial data provider, executed a series of stock transactions on March 3, 2025. Snow sold 3,000 shares of FactSet common stock at an average price of $464.79 per share, totaling approximately $1.39 million. According to InvestingPro analysis, the stock is currently trading near Fair Value, with a P/E ratio of 32.3x. This sale was conducted under a pre-arranged Rule 10b5-1 plan, which Snow adopted on September 26, 2024, to facilitate the exercise of his stock options.
In a related transaction, Snow acquired 3,000 shares through the exercise of employee stock options at a price of $152.28 per share, amounting to a total acquisition cost of $456,840. Following these transactions, Snow holds 16,616.4699 shares of FactSet common stock directly.
In other recent news, FactSet Research Systems has acquired LiquidityBook for $246.5 million. The acquisition aims to enhance FactSet’s trade workflow solutions, integrating LiquidityBook’s services into FactSet’s existing platforms. This move reflects FactSet’s commitment to improving its portfolio life cycle management and reducing client costs. Additionally, FactSet was recently added to the S&P 500 Dividend Aristocrats index, which tracks companies with a history of raising dividends for at least 25 consecutive years.
In terms of financial performance, FactSet reported adjusted earnings per share that surpassed expectations, driven by cost-saving measures. Despite this, BMO Capital Markets lowered its price target for FactSet to $498, citing a conservative stance on expenditure. Meanwhile, Stifel raised its price target to $493, noting positive developments and cautious optimism in client interactions. These recent developments highlight FactSet’s ongoing efforts to balance cost management with investment in growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.