FactSet Research Systems Inc. (FDS) Shares Sold by Northern Trust Corp
Northern Trust Corp lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 434,376 shares of the business services provider’s stock after selling 5,047 shares during the period. Northern Trust Corp owned 1.11% of FactSet Research Systems worth $72,184,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of FDS. Suntrust Banks Inc. lifted its holdings in FactSet Research Systems by 4.0% during the 1st quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 50 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of FactSet Research Systems in the first quarter valued at $238,000. KBC Group NV acquired a new position in shares of FactSet Research Systems in the first quarter valued at $1,993,000. Prudential Financial Inc. increased its holdings in shares of FactSet Research Systems by 6.2% in the first quarter. Prudential Financial Inc. now owns 25,030 shares of the business services provider’s stock valued at $4,128,000 after purchasing an additional 1,456 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of FactSet Research Systems by 324.5% in the first quarter. SG Americas Securities LLC now owns 10,100 shares of the business services provider’s stock valued at $1,666,000 after purchasing an additional 7,721 shares during the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.
Several equities analysts have recently weighed in on FDS shares. BidaskClub upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $163.00 price target on shares of FactSet Research Systems in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. Bank of America Corporation reissued a “neutral” rating and issued a $192.00 price target (up from $180.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Finally, Barclays PLC increased their price target on shares of FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a report on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $170.64.
In other news, VP Matthew J. Mcnulty sold 1,049 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $181.00, for a total transaction of $189,869.00. Following the completion of the transaction, the vice president now owns 2,499 shares of the company’s stock, valued at $452,319. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip A. Hadley sold 43,842 shares of the business’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $163.87, for a total value of $7,184,388.54. Following 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. In the last ninety days, insiders sold 99,274 shares of company stock worth $16,450,267. Insiders own 2.70% of the company’s stock.
Shares of FactSet Research Systems Inc. (FDS) opened at 182.47 on Tuesday. FactSet Research Systems Inc. has a 12-month low of $150.95 and a 12-month high of $184.20. The company has a market cap of $7.16 billion, a P/E ratio of 21.28 and a beta of 0.98. The firm has a 50-day moving average of $163.46 and a 200-day moving average of $164.28.
FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.01. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The company had revenue of $326.60 million during the quarter, compared to analyst estimates of $325.26 million. During the same quarter last year, the company earned $1.69 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. Analysts predict that FactSet Research Systems Inc. will post $8.03 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st were issued a $0.56 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $2.24 annualized dividend and a dividend yield of 1.23%. FactSet Research Systems’s payout ratio is currently 34.36%.
FactSet Research Systems 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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