Cambridge Investment Research Advisors Inc. Increases Position in FactSet (FDS)

Cambridge Investment Research Advisors Inc. boosted its position in shares of FactSet (NYSE:FDS) by 96.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,435 shares of the business services provider’s stock after buying an additional 2,672 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in FactSet were worth $1,048,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in FactSet by 2.9% during the fourth quarter. BlackRock Inc. now owns 3,251,657 shares of the business services provider’s stock valued at $626,790,000 after buying an additional 91,419 shares in the last quarter. Bamco Inc. NY boosted its position in shares of FactSet by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 3,002,332 shares of the business services provider’s stock valued at $540,750,000 after purchasing an additional 9,070 shares during the period. Investec Asset Management LTD boosted its position in shares of FactSet by 73.2% in the 4th quarter. Investec Asset Management LTD now owns 1,091,761 shares of the business services provider’s stock valued at $210,448,000 after purchasing an additional 461,518 shares during the period. Bares Capital Management Inc. boosted its position in shares of FactSet by 9.7% in the 3rd quarter. Bares Capital Management Inc. now owns 672,267 shares of the business services provider’s stock valued at $121,082,000 after purchasing an additional 59,249 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of FactSet by 5.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 450,441 shares of the business services provider’s stock valued at $86,826,000 after purchasing an additional 25,150 shares during the period. 95.98% of the stock is owned by institutional investors and hedge funds.

In other news, COO Mark J. Hale sold 48,001 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $198.43, for a total transaction of $9,524,838.43. Following the completion of the sale, the chief operating officer now directly owns 6,268 shares of the company’s stock, valued at approximately $1,243,759.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Matthew J. Mcnulty sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $198.00, for a total value of $198,000.00. Following the sale, the vice president now directly owns 2,848 shares of the company’s stock, valued at $563,904. The disclosure for this sale can be found here. Insiders have sold a total of 50,187 shares of company stock valued at $9,952,828 over the last 90 days. Corporate insiders own 2.70% of the company’s stock.

Shares of NYSE FDS opened at $193.65 on Friday. FactSet has a one year low of $155.09 and a one year high of $217.36. The stock has a market cap of $7,647.90, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 2.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.53 and a quick ratio of 2.64.

FactSet (NYSE:FDS) last announced its quarterly earnings data on Tuesday, March 27th. The business services provider reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.06. FactSet had a return on equity of 54.00% and a net margin of 19.07%. The firm had revenue of $335.20 million during the quarter, compared to analyst estimates of $333.78 million. During the same period last year, the company posted $1.81 EPS. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. equities analysts expect that FactSet will post 8.48 EPS for the current year.

FactSet announced that its board has authorized a share buyback program on Tuesday, March 27th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 3.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.56 per share. The ex-dividend date was Tuesday, February 27th. This represents a $2.24 dividend on an annualized basis and a yield of 1.16%. FactSet’s payout ratio is presently 30.64%.

FDS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded FactSet from a “hold” rating to a “buy” rating and set a $237.00 price target for the company in a research report on Tuesday, March 20th. Morgan Stanley increased their price target on FactSet from $179.00 to $186.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Piper Jaffray reiterated a “hold” rating and issued a $199.00 price target on shares of FactSet in a research report on Thursday, December 21st. Wells Fargo set a $185.00 price target on FactSet and gave the company a “hold” rating in a research report on Wednesday, December 20th. Finally, Oppenheimer reiterated a “hold” rating on shares of FactSet in a research report on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. FactSet currently has a consensus rating of “Hold” and a consensus target price of $192.00.

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FactSet Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Institutional Ownership by Quarter for FactSet (NYSE:FDS)

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