FactSet Research Systems Inc. $FDS Shares Bought by Forsta AP Fonden

Forsta AP Fonden raised its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,300 shares of the business services provider’s stock after acquiring an additional 400 shares during the quarter. Forsta AP Fonden’s holdings in FactSet Research Systems were worth $5,949,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FDS. Vanguard Group Inc. increased its position in shares of FactSet Research Systems by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider’s stock worth $2,180,160,000 after purchasing an additional 137,874 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in FactSet Research Systems by 57.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 829,174 shares of the business services provider’s stock worth $370,873,000 after purchasing an additional 301,129 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of FactSet Research Systems by 0.9% during the first quarter. JPMorgan Chase & Co. now owns 505,761 shares of the business services provider’s stock worth $229,940,000 after buying an additional 4,693 shares in the last quarter. Invesco Ltd. raised its position in shares of FactSet Research Systems by 7.6% in the first quarter. Invesco Ltd. now owns 490,698 shares of the business services provider’s stock valued at $223,091,000 after buying an additional 34,549 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of FactSet Research Systems by 1.9% in the first quarter. Northern Trust Corp now owns 405,616 shares of the business services provider’s stock worth $184,409,000 after buying an additional 7,436 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on FDS. Stifel Nicolaus cut their price objective on shares of FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating for the company in a report on Friday, September 19th. Morgan Stanley reduced their price objective on FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating on the stock in a research report on Friday, September 19th. Barclays lowered their price objective on FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, September 19th. Zacks Research lowered FactSet Research Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Finally, BMO Capital Markets lowered their price target on shares of FactSet Research Systems from $452.00 to $324.00 and set a “market perform” rating on the stock in a research report on Friday, September 19th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Reduce” and an average target price of $350.10.

Insider Buying and Selling

In other news, insider Christopher Mcloughlin acquired 338 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was acquired at an average cost of $296.19 per share, with a total value of $100,112.22. Following the completion of the purchase, the insider owned 3,446 shares of the company’s stock, valued at $1,020,670.74. This represents a 10.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Helen L. Shan acquired 370 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was purchased at an average price of $275.48 per share, for a total transaction of $101,927.60. Following the acquisition, the executive vice president directly owned 9,284 shares in the company, valued at approximately $2,557,556.32. This trade represents a 4.15% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 1,208 shares of company stock valued at $328,505. Company insiders own 1.20% of the company’s stock.

FactSet Research Systems Price Performance

NYSE:FDS opened at $273.63 on Friday. The company has a market capitalization of $10.24 billion, a P/E ratio of 17.60, a P/E/G ratio of 2.73 and a beta of 0.77. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.63. FactSet Research Systems Inc. has a 52 week low of $250.50 and a 52 week high of $496.90. The stock’s fifty day moving average is $292.89 and its two-hundred day moving average is $377.71.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Wednesday, September 17th. The business services provider reported $4.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.08). FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.The business had revenue of $596.90 million for the quarter, compared to analyst estimates of $593.32 million. During the same period in the previous year, the business posted $3.74 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 28th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 28.30%.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.