First Quadrant L P CA held its position in FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,400 shares of the business services provider’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in FactSet Research Systems were worth $2,393,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in FDS. UBS Asset Management Americas Inc. raised its position in FactSet Research Systems by 3.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 149,622 shares of the business services provider’s stock worth $24,453,000 after buying an additional 4,943 shares during the period. Teachers Advisors LLC raised its position in FactSet Research Systems by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 39,366 shares of the business services provider’s stock worth $6,434,000 after buying an additional 1,654 shares during the period. Bath Savings Trust Co raised its position in shares of FactSet Research Systems by 1.8% in the first quarter. Bath Savings Trust Co now owns 52,738 shares of the business services provider’s stock valued at $8,697,000 after buying an additional 944 shares during the period. Cornerstone Investment Partners LLC acquired a new position in shares of FactSet Research Systems during the first quarter valued at approximately $1,026,000. Finally, Creative Planning raised its position in shares of FactSet Research Systems by 5.7% in the first quarter. Creative Planning now owns 1,880 shares of the business services provider’s stock valued at $310,000 after buying an additional 102 shares during the period. 94.63% of the stock is currently owned by institutional investors.
Shares of FactSet Research Systems Inc. (NYSE FDS) opened at 158.78 on Friday. The stock has a market cap of $6.23 billion, a P/E ratio of 18.51 and a beta of 0.95. The company has a 50 day moving average price of $164.30 and a 200 day moving average price of $167.96. FactSet Research Systems Inc. has a 12-month low of $150.95 and a 12-month high of $183.64.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, June 27th. The business services provider reported $1.85 EPS for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.01. The company had revenue of $312.12 million for the quarter, compared to analysts’ expectations of $314.14 million. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 earnings per share. Analysts anticipate that FactSet Research Systems Inc. will post $7.30 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.41%. FactSet Research Systems’s dividend payout ratio is presently 26.20%.
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Several equities analysts have recently commented on FDS shares. BidaskClub lowered FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Thursday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $163.00 price target on shares of FactSet Research Systems in a research note on Tuesday, April 25th. Zacks Investment Research lowered FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. UBS AG reaffirmed a “buy” rating and issued a $146.00 price target (down previously from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. Finally, Deutsche Bank AG started coverage on FactSet Research Systems in a research note 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 assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $166.27.
In other FactSet Research Systems news, Chairman Philip A. Hadley sold 38,942 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $163.83, for a total transaction of $6,379,867.86. Following the transaction, the chairman now owns 666,494 shares in the company, valued at $109,191,712.02. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Philip A. Hadley sold 43,842 shares of the business’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $163.87, for a total value of $7,184,388.54. Following the transaction, the director now owns 666,494 shares in the company, valued at approximately $109,218,371.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,858 shares of company stock worth $34,453,143. 2.70% of the stock is currently owned by insiders.
About FactSet Research Systems
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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