FactSet (NYSE:FDS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of FactSet (NYSE:FDS) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 320,702 shares of the business services provider’s stock after acquiring an additional 12,477 shares during the period. Geode Capital Management LLC owned 0.82% of FactSet worth $61,817,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FDS. Turner Investments LLC acquired a new position in FactSet during the 3rd quarter worth $144,000. Fieldpoint Private Securities LLC acquired a new position in FactSet during the 3rd quarter worth $195,000. Advisory Services Network LLC lifted its position in FactSet by 723.4% during the 4th quarter. Advisory Services Network LLC now owns 1,021 shares of the business services provider’s stock worth $197,000 after acquiring an additional 897 shares during the last quarter. Visionary Asset Management Inc. acquired a new position in FactSet during the 3rd quarter worth $205,000. Finally, Checchi Capital Advisers LLC acquired a new position in FactSet during the 4th quarter worth $205,000. 95.98% of the stock is owned by hedge funds and other institutional investors.

NYSE:FDS opened at $193.65 on Friday. FactSet has a 52-week low of $155.09 and a 52-week high of $217.36. The company has a current ratio of 2.53, a quick ratio of 2.64 and a debt-to-equity ratio of 0.94. The stock has a market cap of $7,647.90, a PE ratio of 26.49, a P/E/G ratio of 2.10 and a beta of 0.95.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Wednesday, February 28th were paid a $0.56 dividend. 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 currently 30.64%.

FactSet announced that its board has authorized a share buyback plan on Tuesday, March 27th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

FDS has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of FactSet from a “buy” rating to a “hold” rating in a research report on Monday, March 26th. DA Davidson initiated coverage on shares of FactSet in a research report on Thursday, December 14th. They set a “neutral” rating and a $174.00 target price for the company. Stifel Nicolaus boosted their target price on shares of FactSet from $169.00 to $184.00 and gave the stock a “hold” rating in a research report on Wednesday, March 28th. UBS boosted their target price on shares of FactSet from $179.00 to $184.00 and gave the stock a “sell” rating in a research report on Wednesday, March 28th. Finally, Oppenheimer reissued a “hold” rating on shares of FactSet in a research report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. FactSet currently has an average rating of “Hold” and a consensus target price of $192.00.

In related news, COO Mark J. Hale sold 48,001 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $198.43, for a total value of $9,524,838.43. Following the sale, the chief operating officer now owns 6,268 shares of the company’s stock, valued at $1,243,759.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Matthew J. Mcnulty sold 1,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $198.00, for a total transaction of $198,000.00. Following the completion of the sale, the vice president now directly owns 2,848 shares in the company, valued at approximately $563,904. The disclosure for this sale can be found here. In the last three months, insiders sold 50,187 shares of company stock worth $9,952,828. 2.70% of the stock is currently owned by insiders.

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FactSet Company 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.

Institutional Ownership by Quarter for FactSet (NYSE:FDS)

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