FactSet (FDS) Position Raised by Deutsche Bank AG

Deutsche Bank AG increased its holdings in shares of FactSet (NYSE:FDS) by 125.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 36,305 shares of the business services provider’s stock after acquiring an additional 20,200 shares during the period. Deutsche Bank AG’s holdings in FactSet were worth $6,996,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDS. Investec Asset Management LTD grew its stake in FactSet by 73.2% during the fourth quarter. Investec Asset Management LTD now owns 1,091,761 shares of the business services provider’s stock worth $210,448,000 after purchasing an additional 461,518 shares during the period. Renaissance Technologies LLC grew its stake in FactSet by 171.4% during the fourth quarter. Renaissance Technologies LLC now owns 154,850 shares of the business services provider’s stock worth $29,849,000 after purchasing an additional 97,800 shares during the period. BlackRock Inc. grew 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 worth $626,790,000 after purchasing an additional 91,419 shares during the period. Bares Capital Management Inc. grew its stake in FactSet by 9.7% during the third quarter. Bares Capital Management Inc. now owns 672,267 shares of the business services provider’s stock worth $121,082,000 after purchasing an additional 59,249 shares during the period. Finally, Mawer Investment Management Ltd. acquired a new stake in FactSet during the fourth quarter worth approximately $7,954,000. 95.98% of the stock is owned by institutional investors and hedge funds.

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In other news, Director James J. Mcgonigle sold 1,186 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $193.92, for a total value of $229,989.12. Following the transaction, the director now owns 22,754 shares in the company, valued at $4,412,455.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark J. Hale sold 48,001 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now owns 6,268 shares in the company, valued at approximately $1,243,759.24. The disclosure for this sale can be found here. Insiders sold 50,187 shares of company stock worth $9,952,828 in the last 90 days. Corporate insiders own 2.70% of the company’s stock.

FDS stock opened at $193.65 on Friday. FactSet has a twelve month low of $155.09 and a twelve month high of $217.36. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.64 and a current ratio of 2.53. The company has a market capitalization of $7,677.95, 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 earnings results on Tuesday, March 27th. The business services provider reported $2.12 earnings per share for the quarter, beating 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 company had revenue of $335.20 million for the quarter, compared to analyst estimates of $333.78 million. During the same quarter last year, the company earned $1.81 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. equities research analysts anticipate that FactSet will post 8.48 EPS for the current fiscal year.

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

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

FDS has been the subject of a number of research reports. Morgan Stanley raised their price objective on FactSet from $179.00 to $186.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Zacks Investment Research cut FactSet from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Cantor Fitzgerald raised their price objective on FactSet from $187.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, March 28th. Wells Fargo set a $185.00 price objective on FactSet and gave the company a “hold” rating in a research note on Wednesday, December 20th. Finally, Piper Jaffray reissued a “hold” rating and issued a $199.00 price objective on shares of FactSet in a research note on Thursday, December 21st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. FactSet has an average rating of “Hold” and an average 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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