First Trust Advisors LP increased its position in FactSet Research Systems Inc. (NYSE:FDS) by 33.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,637 shares of the business services provider’s stock after buying an additional 5,149 shares during the period. First Trust Advisors LP owned 0.05% of FactSet Research Systems worth $3,717,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. ETF Managers Group LLC acquired a new position in FactSet Research Systems during the 2nd quarter valued at about $121,000. Mountain Capital Investment Advisors Inc acquired a new position in FactSet Research Systems during the 2nd quarter valued at about $126,000. Gotham Asset Management LLC boosted its stake in FactSet Research Systems by 6.8% during the 2nd quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 82 shares during the last quarter. Penobscot Investment Management Company Inc. boosted its stake in FactSet Research Systems by 9.4% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 1,390 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 120 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in FactSet Research Systems by 107.9% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,316 shares of the business services provider’s stock valued at $237,000 after purchasing an additional 683 shares during the last quarter. Institutional investors own 93.73% of the company’s stock.
Shares of FactSet Research Systems Inc. (NYSE:FDS) traded up $3.04 during midday trading on Monday, hitting $204.49. The stock had a trading volume of 762,765 shares, compared to its average volume of 302,739. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a market cap of $7,878.66, a P/E ratio of 27.56, a PEG ratio of 2.29 and a beta of 0.97. FactSet Research Systems Inc. has a 12-month low of $155.09 and a 12-month high of $204.65.
FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The company had revenue of $326.60 million for the quarter, compared to analysts’ expectations of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. FactSet Research Systems’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.69 EPS. research analysts expect that FactSet Research Systems Inc. will post 8.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Thursday, November 30th will be issued a $0.56 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.10%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 34.36%.
In related news, CEO Frederick Philip Snow sold 7,334 shares of FactSet Research Systems stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $181.24, for a total value of $1,329,214.16. Following the sale, the chief executive officer now owns 11,262 shares of the company’s stock, valued at approximately $2,041,124.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Matthew J. Mcnulty sold 1,049 shares of FactSet Research Systems stock in a transaction that occurred on 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 sale, the vice president now directly owns 2,499 shares in the company, valued at approximately $452,319. The disclosure for this sale can be found here. Insiders sold a total of 17,841 shares of company stock worth $3,224,739 in the last ninety days. 2.80% of the stock is currently owned by insiders.
A number of equities analysts have issued reports on FDS shares. Zacks Investment Research downgraded FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Morgan Stanley restated an “equal weight” rating and issued a $166.00 target price (up previously from $157.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. BidaskClub downgraded FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Northcoast Research upgraded FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 target price on the stock in a research note on Thursday, September 21st. Finally, Bank of America restated a “neutral” rating and issued a $192.00 target price (up previously from $180.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $180.73.
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FactSet Research Systems Company 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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