Bbva Compass Bancshares Inc. lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,172 shares of the business services provider’s stock after selling 1,197 shares during the period. Bbva Compass Bancshares Inc. owned 0.05% of FactSet Research Systems worth $3,518,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of FDS. Great West Life Assurance Co. Can raised its position in shares of FactSet Research Systems by 1.1% in the second quarter. Great West Life Assurance Co. Can now owns 23,671 shares of the business services provider’s stock valued at $3,932,000 after buying an additional 269 shares during the last quarter. American Capital Management Inc. raised its position in FactSet Research Systems by 3.1% in the second quarter. American Capital Management Inc. now owns 279,124 shares of the business services provider’s stock worth $46,385,000 after buying an additional 8,265 shares in the last quarter. Flossbach Von Storch AG purchased a new position in FactSet Research Systems during the second quarter worth approximately $2,759,000. NGAM Advisors L.P. raised its position in FactSet Research Systems by 2.7% in the second quarter. NGAM Advisors L.P. now owns 209,950 shares of the business services provider’s stock worth $34,890,000 after buying an additional 5,493 shares in the last quarter. Finally, FineMark National Bank & Trust raised its position in FactSet Research Systems by 1.0% in the second quarter. FineMark National Bank & Trust now owns 2,183 shares of the business services provider’s stock worth $363,000 after buying an additional 22 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FactSet Research Systems Inc. (NYSE FDS) traded up 0.03% during trading on Friday, reaching $158.78. 237,296 shares of the company were exchanged. The company has a 50 day moving average price of $164.30 and a 200-day moving average price of $167.96. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 18.51 and a beta of 0.95. FactSet Research Systems Inc. has a one year low of $150.95 and a one year high of $183.64.
FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, June 27th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.01. The company had revenue of $312.12 million for the quarter, compared to analyst estimates of $314.14 million. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. FactSet Research Systems’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.64 EPS. Equities analysts predict that FactSet Research Systems Inc. will post $7.30 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.41%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 26.20%.
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A number of research firms have recently commented on FDS. UBS AG reissued a “buy” rating and issued a $146.00 price target (down previously from $150.00) on shares of FactSet Research Systems in a research report on Friday, June 9th. Stifel Nicolaus reissued a “hold” rating and issued a $163.00 price target on shares of FactSet Research Systems in a research report on Tuesday, July 25th. BidaskClub lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research raised shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Deutsche Bank AG began coverage on shares of FactSet Research Systems in a research report on Wednesday, May 10th. They issued a “hold” rating and a $160.00 price target on the stock. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $166.27.
In other news, Director Joseph E. Laird, Jr. sold 1,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $166.00, for a total transaction of $166,000.00. Following the sale, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $1,494,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Philip A. Hadley sold 38,942 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $163.83, for a total value of $6,379,867.86. Following the sale, the chairman now directly owns 666,494 shares in the company, valued at $109,191,712.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,858 shares of company stock worth $34,453,143. 2.70% of the stock is currently owned by insiders.
FactSet Research Systems Company Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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