FactSet Research Systems Inc. (FDS) Stake Increased by Advisors Asset Management Inc.
Advisors Asset Management Inc. raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,068 shares of the business services provider’s stock after buying an additional 62 shares during the period. Advisors Asset Management Inc.’s holdings in FactSet Research Systems were worth $1,341,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 last quarter. Harfst & Associates Inc. acquired a new position in FactSet Research Systems during the first quarter worth $199,000. 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 last quarter. Quantbot Technologies LP acquired a new position in FactSet Research Systems during the first quarter worth $238,000. Finally, OppenheimerFunds Inc. raised its position in FactSet Research Systems by 11.5% in the first quarter. OppenheimerFunds Inc. now owns 1,593 shares of the business services provider’s stock worth $263,000 after buying an additional 164 shares during the last quarter. 93.72% of the stock is currently owned by institutional investors and hedge funds.
FactSet Research Systems Inc. (NYSE FDS) opened at 159.27 on Monday. The firm has a 50-day moving average price of $162.73 and a 200-day moving average price of $166.99. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 18.57 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 announced its earnings results 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. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The company had revenue of $312.12 million for the quarter, compared to analysts’ expectations of $314.14 million. During the same period last year, the firm earned $1.64 EPS. FactSet Research Systems’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts expect that FactSet Research Systems Inc. will post $7.30 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st will be paid a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.24 dividend on an annualized basis and a yield of 1.41%. FactSet Research Systems’s payout ratio is presently 26.20%.
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FDS has been the topic of a number of recent analyst reports. UBS AG reissued a “buy” rating and set a $146.00 target price (down from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. BidaskClub raised FactSet Research Systems from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research raised FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Stifel Nicolaus reissued a “hold” rating and set a $163.00 target price on shares of FactSet Research Systems in a report on Tuesday, July 25th. Finally, Deutsche Bank AG initiated coverage on FactSet Research Systems in a report on Wednesday, May 10th. They set a “hold” rating and a $160.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $164.90.
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 value of $166,000.00. Following the completion of the transaction, the director now 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 SEC, which can be accessed through this hyperlink. Also, Director Philip A. Hadley sold 43,842 shares of the stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $163.87, for a total transaction of $7,184,388.54. Following the completion of the transaction, the director now directly owns 666,494 shares of the company’s stock, valued at approximately $109,218,371.78. The disclosure for this sale can be found here. Insiders sold a total of 206,858 shares of company stock valued at $34,453,143 in the last quarter. 2.70% of the stock is currently owned by company 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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