US Bancorp DE cut its position in FactSet Research Systems Inc. (NYSE:FDS) by 21.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 38,292 shares of the business services provider’s stock after selling 10,202 shares during the period. US Bancorp DE owned 0.10% of FactSet Research Systems worth $6,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SRS Capital Advisors Inc. raised its position in FactSet Research Systems by 17.4% in the first quarter. SRS Capital Advisors Inc. now owns 891 shares of the business services provider’s stock worth $147,000 after buying an additional 132 shares during the period. Harfst & Associates Inc. acquired a new position in FactSet Research Systems during the first quarter worth $199,000. Penobscot Investment Management Company Inc. raised its position in FactSet Research Systems by 2.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 1,270 shares of the business services provider’s stock worth $209,000 after buying an additional 33 shares during the period. Suntrust Banks Inc. raised its position in FactSet Research Systems by 4.0% in the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock worth $215,000 after buying an additional 50 shares during the period. Finally, Quantbot Technologies LP acquired a new position in FactSet Research Systems during the first quarter worth $238,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Inc. (NYSE FDS) traded down 1.29% on Friday, hitting $159.02. 259,208 shares of the company were exchanged. The stock has a market capitalization of $6.24 billion, a P/E ratio of 18.54 and a beta of 0.95. The company has a 50 day moving average price of $163.44 and a 200-day moving average price of $167.54. 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 quarterly earnings data on Tuesday, June 27th. The business services provider reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. FactSet Research Systems had a net margin of 29.02% and a return on equity of 55.72%. The company had revenue of $312.12 million for the quarter, compared to the consensus estimate of $314.14 million. During the same period in the prior year, the firm posted $1.64 EPS. FactSet Research Systems’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts expect that FactSet Research Systems Inc. will post $7.30 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 31st will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Tuesday, August 29th. FactSet Research Systems’s dividend payout ratio (DPR) is 26.20%.

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

In related news, Director Joseph E. Laird, Jr. sold 1,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Philip A. Hadley sold 38,942 shares of the stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $163.83, for a total transaction 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. Insiders have sold a total of 206,858 shares of company stock worth $34,453,143 over the last three months. 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.

Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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