Cambria Investment Management L.P. boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 150.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,805 shares of the business services provider’s stock after acquiring an additional 17,915 shares during the quarter. Cambria Investment Management L.P. owned about 0.08% of FactSet Research Systems worth $5,368,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in FactSet Research Systems during the third quarter worth $485,000. Vident Investment Advisory LLC grew its position in shares of FactSet Research Systems by 71.7% in the third quarter. Vident Investment Advisory LLC now owns 2,987 shares of the business services provider’s stock valued at $538,000 after purchasing an additional 1,247 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of FactSet Research Systems by 5.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 7,959 shares of the business services provider’s stock valued at $1,433,000 after purchasing an additional 428 shares during the period. First Republic Investment Management Inc. grew its position in shares of FactSet Research Systems by 9.3% in the third quarter. First Republic Investment Management Inc. now owns 3,941 shares of the business services provider’s stock valued at $710,000 after purchasing an additional 334 shares during the period. Finally, AMP Capital Investors Ltd boosted its holdings in FactSet Research Systems by 15.7% in the third quarter. AMP Capital Investors Ltd now owns 9,346 shares of the business services provider’s stock valued at $1,684,000 after acquiring an additional 1,269 shares during the last quarter. 93.73% of the stock is owned by institutional investors.
Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at $202.07 on Monday. FactSet Research Systems Inc. has a 52-week low of $155.09 and a 52-week high of $204.65. The company has a market capitalization of $7,902.91, a price-to-earnings ratio of 27.64, a PEG ratio of 2.29 and a beta of 0.97. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.04 and a current ratio of 2.04.
FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The company had revenue of $326.60 million for the quarter, compared to the consensus estimate of $325.26 million. During the same period in the previous year, the business earned $1.69 EPS. The company’s revenue was up 13.7% on a year-over-year basis. sell-side analysts forecast 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. Stockholders of record on Thursday, November 30th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 34.36%.
In other news, COO Mark J. Hale sold 9,458 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $180.34, for a total value of $1,705,655.72. Following the transaction, the chief operating officer now directly owns 11,314 shares of the company’s stock, valued at $2,040,366.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew J. Mcnulty sold 1,049 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 2,499 shares in the company, valued at $452,319. The disclosure for this sale can be found here. Insiders sold 17,841 shares of company stock worth $3,224,739 over the last ninety days. 2.80% of the stock is currently owned by company insiders.
A number of brokerages recently weighed in on FDS. Stifel Nicolaus reiterated a “hold” rating and issued a $169.00 target price (up previously from $163.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Northcoast Research lowered FactSet Research Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 5th. Morgan Stanley lifted their target price on FactSet Research Systems from $166.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $200.00 target price (up from $190.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Finally, Zacks Investment Research raised FactSet Research Systems from a “hold” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. FactSet Research Systems presently has a consensus rating of “Hold” and an average target price of $180.73.
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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.
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