C Partners Holding Gmbh Purchases New Stake in FactSet Research Systems Inc. (FDS)
C Partners Holding Gmbh purchased a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 75,988 shares of the business services provider’s stock, valued at approximately $12,628,000. FactSet Research Systems makes up 4.1% of C Partners Holding Gmbh’s holdings, making the stock its 7th largest position. C Partners Holding Gmbh owned approximately 0.19% of FactSet Research Systems as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. raised its stake 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 in the last quarter. Harfst & Associates Inc. bought a new stake in FactSet Research Systems during the first quarter worth about $199,000. Suntrust Banks Inc. raised its stake 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 in the last quarter. Penobscot Investment Management Company Inc. raised its stake in FactSet Research Systems by 9.4% in the second quarter. Penobscot Investment Management Company Inc. now owns 1,390 shares of the business services provider’s stock worth $231,000 after buying an additional 120 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in FactSet Research Systems during the first quarter worth about $238,000. 94.97% of the stock is currently owned by institutional investors.
Shares of FactSet Research Systems Inc. (FDS) traded up 0.75% during midday trading on Friday, hitting $159.87. The stock had a trading volume of 1,800 shares. FactSet Research Systems Inc. has a one year low of $150.95 and a one year high of $183.64. The company has a market cap of $6.27 billion, a P/E ratio of 18.64 and a beta of 0.95. The stock has a 50 day moving average of $162.76 and a 200-day moving average of $167.11.
FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, June 27th. The business services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The business had revenue of $312.12 million for the quarter, compared to the consensus estimate of $314.14 million. During the same period last year, the business earned $1.64 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts forecast 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. Investors of record on Thursday, August 31st will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis 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 presently 26.20%.
A number of equities research analysts have issued reports on the company. 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 report on Friday, June 9th. Stifel Nicolaus reissued a “hold” rating and set a $163.00 target price on shares of FactSet Research Systems in a research report on Tuesday, July 25th. BidaskClub lowered FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research raised FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Deutsche Bank AG initiated coverage on FactSet Research Systems in a research report on Wednesday, May 10th. They set a “hold” rating and a $160.00 target price on the stock. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $166.27.
In related news, EVP Scott G. Miller sold 17,074 shares of FactSet Research Systems stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $165.78, for a total transaction of $2,830,527.72. Following the sale, the executive vice president now directly owns 15,045 shares of the company’s stock, valued at $2,494,160.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Philip A. Hadley sold 38,942 shares of FactSet Research Systems stock in a transaction dated 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 owned by company 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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