In a recent transaction, James J. McGonigle, a director at FactSet Research Systems Inc. (NYSE:FDS), sold shares totaling approximately $2.47 million. The sales occurred on September 26, with prices ranging from $455.41 to $458.46 per share.
The transactions were disclosed in a filing with the Securities and Exchange Commission. McGonigle executed multiple trades involving the sale of company stock. According to the footnotes provided in the filing, the prices reported are weighted average sale prices, and the trades were executed in multiple transactions at varying prices. The sales prices ranged from $455.29 to $456.23 for 1,990 shares, from $456.29 to $457.27 for 1,437 shares, from $457.39 to $458.28 for 1,449 shares, and from $458.32 to $458.66 for 534 shares.
In addition to the sales, McGonigle also acquired shares through the exercise of stock options. The options were exercised at prices between $197.75 and $207.88, for a total value of $1,095,881. These transactions resulted in an increase in McGonigle's ownership of FactSet stock, but the subsequent sales reduced his holdings.
The Form 4 filing also noted a transaction coded as "G," which reflects the gift of 1,100 shares of common stock to a charitable donor-advised fund. This transaction did not have an associated dollar value.
Investors and stakeholders monitor such filings to gain insight into the actions of company insiders, which can be an indicator of their confidence in the company's future performance. FactSet Research Systems Inc. is known for providing financial information and analytical software to the investment community.
In other recent news, FactSet Research Systems has been under the lens following its robust fourth-quarter results. The company reported 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. In response, Stifel raised FactSet's stock price target from $451 to $469, while RBC Capital Markets and Wells Fargo increased their price targets to $503.
On the other hand, Goldman Sachs maintained a Sell rating, citing a modest outlook for fiscal year 2025 and competition. BMO Capital and Wolfe Research also maintained their Market Perform and Underperform ratings respectively. Amid these developments, FactSet announced an investor day in New York City. These updates reflect recent developments in the company's performance and market expectations.
InvestingPro Insights
To provide additional context to James J. McGonigle's recent stock transactions at FactSet Research Systems Inc. (NYSE:FDS), let's examine some key financial metrics and insights from InvestingPro.
FactSet currently boasts a market capitalization of $17.33 billion, reflecting its significant presence in the financial information services sector. 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 for FactSet is that the company has raised its dividend for 25 consecutive years. This impressive track record of dividend growth demonstrates FactSet's commitment to returning value to shareholders and suggests a stable financial position. The company's 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 reached $2.2 billion, with a growth rate of 5.64%. This steady revenue growth, combined with a robust gross profit margin of 54.07% and an operating income margin of 32.05%, underscores the company's ability to maintain profitability while expanding its business.
Another InvestingPro Tip highlights that FactSet has been profitable over the last twelve months, with a return on assets of 13.39%. This profitability, coupled with the company's consistent dividend payments, may explain why directors like McGonigle might choose to exercise options and realize gains while still maintaining a stake in the company.
It's worth noting that InvestingPro offers additional tips and insights beyond what we've discussed here. Investors interested in a more comprehensive analysis of FactSet's financial health and market position may find value in exploring the full range of InvestingPro Tips available.
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