FactSet Research Systems Inc. $FDS Holdings Cut by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,675 shares of the business services provider’s stock after selling 797 shares during the period. PNC Financial Services Group Inc.’s holdings in FactSet Research Systems were worth $11,931,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FDS. Forsta AP Fonden raised its holdings in shares of FactSet Research Systems by 3.1% during the second quarter. Forsta AP Fonden now owns 13,300 shares of the business services provider’s stock worth $5,949,000 after acquiring an additional 400 shares in the last quarter. National Pension Service increased its position in FactSet Research Systems by 340.1% in the 2nd quarter. National Pension Service now owns 603 shares of the business services provider’s stock worth $270,000 after purchasing an additional 466 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of FactSet Research Systems by 211.4% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 17,304 shares of the business services provider’s stock worth $7,740,000 after purchasing an additional 11,747 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of FactSet Research Systems by 3.0% during the 2nd quarter. ProShare Advisors LLC now owns 383,543 shares of the business services provider’s stock valued at $171,551,000 after buying an additional 11,235 shares during the last quarter. Finally, PFG Advisors grew its stake in shares of FactSet Research Systems by 4,209.8% in the 2nd quarter. PFG Advisors now owns 192,000 shares of the business services provider’s stock valued at $85,878,000 after buying an additional 187,545 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Down 1.6%

FactSet Research Systems stock opened at $273.63 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.40 and a quick ratio of 1.40. FactSet Research Systems Inc. has a fifty-two week low of $250.50 and a fifty-two week high of $496.90. The firm has a fifty day moving average price of $292.89 and a two-hundred day moving average price of $377.36. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.73 and a beta of 0.77.

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

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 28th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, November 28th. FactSet Research Systems’s payout ratio is currently 28.30%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Morgan Stanley reduced their target price on shares of FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating for the company in a research note on Friday, September 19th. Zacks Research lowered shares of FactSet Research Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of FactSet Research Systems in a report on Thursday. UBS Group raised FactSet Research Systems from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $480.00 to $425.00 in a research report on Monday, September 22nd. Finally, 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 report on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $350.10.

FactSet Research Systems Company Profile

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.