Koch Industries Inc. Purchases New Stake in FactSet (NYSE:FDS)

Koch Industries Inc. purchased a new stake in shares of FactSet (NYSE:FDS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,151 shares of the business services provider’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FDS. MML Investors Services LLC lifted its position in shares of FactSet by 13.6% during the 4th quarter. MML Investors Services LLC now owns 3,980 shares of the business services provider’s stock valued at $767,000 after acquiring an additional 478 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of FactSet by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 320,702 shares of the business services provider’s stock valued at $61,817,000 after acquiring an additional 12,477 shares during the last quarter. Investec Asset Management LTD lifted its position in shares of FactSet by 73.2% during 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 acquiring an additional 461,518 shares during the last quarter. Burney Co. lifted its position in shares of FactSet by 4.0% during the 4th quarter. Burney Co. now owns 12,024 shares of the business services provider’s stock valued at $2,318,000 after acquiring an additional 466 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of FactSet by 5.4% during the 4th quarter. Amalgamated Bank now owns 8,110 shares of the business services provider’s stock valued at $1,563,000 after acquiring an additional 419 shares during the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

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Shares of NYSE:FDS traded down $3.10 during midday trading on Friday, hitting $193.65. 297,213 shares of the stock were exchanged, compared to its average volume of 347,344. The company has a current ratio of 2.53, a quick ratio of 2.64 and a debt-to-equity ratio of 0.94. FactSet has a 52-week low of $155.09 and a 52-week high of $217.36. The firm has a market cap of $7,557.00, a price-to-earnings ratio of 26.49, a P/E/G ratio of 2.07 and a beta of 0.95.

FactSet (NYSE:FDS) last announced its quarterly earnings data on Tuesday, March 27th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business 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 earned $1.81 earnings per share. FactSet’s quarterly revenue was up 13.9% compared to the same quarter last year. sell-side analysts forecast that FactSet will post 8.48 EPS for the current year.

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

FactSet declared that its board has approved a stock buyback program on Tuesday, March 27th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 3.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded FactSet from a “hold” rating to a “buy” rating and set a $237.00 price objective for the company in a research report on Tuesday, March 20th. DA Davidson increased their target price on FactSet to $185.00 and gave the company a “neutral” rating in a report on Thursday, March 15th. Morgan Stanley increased their target price on FactSet from $186.00 to $192.00 and gave the company an “equal weight” rating in a report on Wednesday, March 28th. Piper Jaffray restated a “hold” rating and issued a $197.00 target price on shares of FactSet in a report on Wednesday, March 28th. Finally, Stifel Nicolaus increased their target price on FactSet from $169.00 to $184.00 and gave the company a “hold” rating in a report on Wednesday, March 28th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $192.00.

In other FactSet news, Director James J. Mcgonigle sold 1,186 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $193.92, for a total transaction of $229,989.12. Following the transaction, the director now directly owns 22,754 shares of the company’s stock, valued at $4,412,455.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Matthew J. Mcnulty sold 1,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $198.00, for a total transaction of $198,000.00. Following the transaction, the vice president now directly owns 2,848 shares in the company, valued at $563,904. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,187 shares of company stock valued at $9,952,828. 2.70% of the stock is owned by corporate insiders.

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About FactSet

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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