FactSet Research Systems Inc. (NYSE:FDS) executive Goran Skoko, EVP of Dealmakers & Wealth, has sold a significant portion of his company stock, according to a recent SEC filing. On May 3, Skoko sold 4,106 shares at an average price of $428.44 and an additional 500 shares at an average price of $429.51, totaling approximately $1.76 million.
The transactions were executed in multiple trades, with the sale prices for the larger batch ranging from $428.21 to $429.01 and the smaller batch ranging from $429.50 to $429.51. These sales represent a weighted average sale price as disclosed in the footnotes of the filing.
On the same day, Skoko also acquired 4,106 shares of FactSet stock at a price of $152.28, totaling around $625,261. This transaction is related to the exercise of employee stock options that were granted on November 1, 2016, with a vesting schedule of 20% annually on the anniversary date of the grant and full vesting after five years.
Following these transactions, Skoko's holdings in FactSet have been adjusted to 5,262.1117 shares of common stock. The executive's trading activity comes as part of the regular financial disclosures required for company insiders.
FactSet Research Systems Inc. provides integrated financial information and analytical applications to the global investment community. The company has seen its stock perform steadily, with investors closely watching insider transactions for hints about executive sentiment and potential future performance.
InvestingPro Insights
FactSet Research Systems Inc. (NYSE:FDS) has demonstrated a notable financial strength and investor confidence, as reflected in some key metrics and InvestingPro Tips. With a market capitalization of $16.62 billion and a P/E Ratio standing at 33.87, FactSet's valuation reflects a premium that investors are willing to pay for its consistent performance and growth prospects.
Two InvestingPro Tips highlight the company's robust financial health and investor appeal. Firstly, FactSet has successfully raised its dividend for 25 consecutive years, showcasing not only its commitment to returning value to shareholders but also the stability of its earnings. Secondly, the company's liquid assets exceed its short-term obligations, indicating a strong liquidity position that allows it to manage its short-term liabilities effectively.
From a data standpoint, FactSet's revenue growth over the last twelve months as of Q2 2024 stands at 7.26%, which is a testament to its ability to expand its business in a competitive market. Additionally, the company's operating income margin for the same period is an impressive 31.81%, underlining its operational efficiency and ability to translate revenues into profits.
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