TD Asset Management Inc. raised its stake in FactSet Research Systems Inc. (NYSE:FDS) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,740 shares of the business services provider’s stock after buying an additional 42 shares during the period. TD Asset Management Inc. owned about 0.09% of FactSet Research Systems worth $6,105,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Teachers Advisors LLC increased its position in shares of 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 valued at $6,434,000 after buying an additional 1,654 shares in the last quarter. Creative Planning increased 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 in the last quarter. Louisiana State Employees Retirement System increased its position in shares of FactSet Research Systems by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the business services provider’s stock valued at $1,649,000 after buying an additional 100 shares in the last quarter. Wendell David Associates Inc. raised its stake in shares of FactSet Research Systems by 0.3% in the first quarter. Wendell David Associates Inc. now owns 42,826 shares of the business services provider’s stock valued at $7,062,000 after buying an additional 145 shares during the last quarter. Finally, Bright Rock Capital Management LLC raised its stake in shares of FactSet Research Systems by 28.6% in the first quarter. Bright Rock Capital Management LLC now owns 9,000 shares of the business services provider’s stock valued at $1,484,000 after buying an additional 2,000 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at 161.10 on Friday. The company has a 50-day moving average price of $163.74 and a 200 day moving average price of $167.64. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 18.78 and a beta of 0.95. FactSet Research Systems Inc. has a 52 week low of $150.95 and a 52 week high of $183.64.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, June 27th. The business services provider reported $1.85 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 earnings per share. Analysts expect that FactSet Research Systems Inc. will post $7.30 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.39%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 26.20%.

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Several analysts have recently weighed in on the company. Deutsche Bank AG assumed coverage on FactSet Research Systems in a report on Wednesday, May 10th. They set a “hold” rating and a $160.00 price objective on the stock. Stifel Nicolaus reissued a “hold” rating and set a $163.00 price objective on shares of FactSet Research Systems in a report on Tuesday, July 25th. Zacks Investment Research raised FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. BidaskClub lowered FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, UBS AG reissued a “buy” rating and set a $146.00 price objective (down previously from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $166.27.

In other FactSet Research Systems news, Director Philip A. Hadley sold 100,017 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $168.99, for a total transaction of $16,901,872.83. Following the transaction, the director now owns 761,436 shares in the company, valued at approximately $128,675,069.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Philip A. Hadley sold 38,942 shares of the firm’s 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 transaction, the chairman now owns 666,494 shares in the company, valued at approximately $109,191,712.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,858 shares of company stock worth $34,453,143. 2.70% of the stock is owned by corporate 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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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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