FactSet Research Systems Inc. (NYSE:FDS) executive Goran Skoko, EVP of Dealmakers & Wealth, has sold a portion of his company stock, according to a recent SEC filing. The transaction, dated May 15, 2024, involved the sale of 1,500 shares at a weighted average price ranging from $445.44 to $446.09, with the total amounting to approximately $668,715.
Investors following FactSet's insider transactions will note that the sale took place at a weighted average price of $445.81 per share. Following the transaction, Skoko retains ownership of 3,762.1117 shares of common stock in the company, which specializes in computer programming, data processing, and other related services within the technology sector.
The disclosed sale prices suggest that the transactions were executed in multiple trades, which is not uncommon for sales by corporate insiders. The SEC filing includes a footnote indicating that full information regarding the number of shares sold at each price point will be provided upon request.
FactSet Research Systems Inc., headquartered in Norwalk, Connecticut, is a well-known provider of financial data and software solutions to the investment community. The company's stock trades on the New York Stock Exchange under the ticker symbol FDS, and it remains a closely watched name in the technology and financial services sectors.
As with all insider transactions, the sale by Skoko is of interest to investors who monitor such activities for insights into executive sentiment and potential future stock performance. FactSet, as with other publicly traded companies, regularly reports these transactions to the SEC to ensure transparency and compliance with federal securities regulations.
InvestingPro Insights
As FactSet Research Systems Inc. (NYSE:FDS) navigates the market, recent data from InvestingPro provides a snapshot of its financial health and market performance. With a market capitalization of $16.98 billion and a robust P/E ratio of 34.79, FactSet's valuation reflects investor confidence in its business model and future prospects. The company's commitment to shareholder returns is evident as it boasts a track record of raising its dividend for 25 consecutive years, a notable achievement that signals financial stability and a reliable income stream for investors.
FactSet's financial performance over the last twelve months as of Q2 2024 shows a solid revenue growth of 7.26%, underlining the company's ability to expand its market presence and increase its top-line figures. Moreover, the firm's gross profit margin stands at an impressive 53.01%, illustrating its efficiency in maintaining profitability amidst operational costs.
An InvestingPro Tip worth highlighting is FactSet's liquidity position, where its liquid assets exceed short-term obligations, providing the company with a cushion to navigate economic uncertainties. Additionally, FactSet's profitability is not in question, with analysts predicting the company will be profitable this year, as it has been over the last twelve months.
For investors seeking further insights and guidance, there are additional InvestingPro Tips available on FactSet, which can be accessed via InvestingPro's platform. With the use of coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking a wealth of data and analytics to make informed investment decisions.
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