Pacer Advisors Inc. Purchases 705 Shares of FactSet Research Systems Inc. (FDS)
Pacer Advisors Inc. boosted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 13.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,851 shares of the business services provider’s stock after buying an additional 705 shares during the period. Pacer Advisors Inc.’s holdings in FactSet Research Systems were worth $972,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted 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 valued at $147,000 after buying an additional 132 shares in the last quarter. Harfst & Associates Inc. purchased a new position in FactSet Research Systems during the first quarter valued at $199,000. Suntrust Banks Inc. boosted 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 valued at $215,000 after buying an additional 50 shares in the last quarter. Penobscot Investment Management Company Inc. boosted its position 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 valued at $231,000 after buying an additional 120 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in FactSet Research Systems during the first quarter valued at $238,000. 93.72% of the stock is owned by institutional investors.
Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at 155.53 on Wednesday. The company’s 50-day moving average price is $162.73 and its 200-day moving average price is $166.99. FactSet Research Systems Inc. has a 12 month low of $150.95 and a 12 month high of $183.64. The firm has a market cap of $6.10 billion, a P/E ratio of 18.14 and a beta of 0.95.
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. The firm had revenue of $312.12 million for the quarter, compared to the consensus estimate of $314.14 million. FactSet Research Systems had a net margin of 29.02% and a return on equity of 55.72%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.64 EPS. On average, analysts predict that FactSet Research Systems Inc. will post $7.30 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.56 per share. The ex-dividend date is Tuesday, August 29th. This represents a $2.24 annualized dividend and a dividend yield of 1.44%. FactSet Research Systems’s payout ratio is 26.20%.
COPYRIGHT VIOLATION WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/08/30/pacer-advisors-inc-purchases-705-shares-of-factset-research-systems-inc-fds.html.
FDS has been the topic of several analyst reports. UBS AG reiterated a “buy” rating and set a $146.00 target price (down previously from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. Stifel Nicolaus reiterated a “hold” rating and set a $163.00 target price on shares of FactSet Research Systems in a report on Tuesday, July 25th. BidaskClub lowered FactSet Research Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. 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 issued a hold rating and two have given a buy rating to the stock. FactSet Research Systems has an average rating of “Hold” and an average price target of $164.90.
In other FactSet Research Systems news, Director Joseph E. Laird, Jr. sold 1,000 shares of FactSet Research Systems stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $166.00, for a total value of $166,000.00. Following the sale, the director now directly owns 9,000 shares in the company, valued at approximately $1,494,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott G. Miller sold 17,074 shares of FactSet Research Systems stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $165.78, for a total transaction of $2,830,527.72. Following the completion of the sale, the executive vice president now owns 15,045 shares in the company, valued at $2,494,160.10. 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 90 days. Insiders own 2.70% of the company’s stock.
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.
Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS).
Receive News & Stock Ratings for FactSet Research Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems Inc. and related stocks with our FREE daily email newsletter.