Two Sigma Advisers LP decreased its position in shares of FactSet (NYSE:FDS) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,843 shares of the business services provider’s stock after selling 715 shares during the period. Two Sigma Advisers LP’s holdings in FactSet were worth $2,090,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC increased its position in FactSet by 723.4% during the fourth quarter. Advisory Services Network LLC now owns 1,021 shares of the business services provider’s stock valued at $197,000 after acquiring an additional 897 shares during the last quarter. Checchi Capital Advisers LLC bought a new position in FactSet during the fourth quarter valued at $205,000. Fieldpoint Private Securities LLC bought a new position in FactSet during the third quarter valued at $195,000. Delaney Dennis R bought a new position in FactSet during the fourth quarter valued at $213,000. Finally, Signition LP bought a new position in FactSet during the fourth quarter valued at $214,000. Institutional investors and hedge funds own 95.98% of the company’s stock.
In other 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 transaction, the chief operating officer now directly owns 6,268 shares in the company, valued at $1,243,759.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Matthew J. Mcnulty sold 1,000 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $198.00, for a total transaction of $198,000.00. Following the completion of the transaction, the vice president now owns 2,848 shares in the company, valued at $563,904. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of FactSet from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. UBS boosted their price objective on shares of FactSet from $179.00 to $184.00 and gave the company a “sell” rating in a research report on Wednesday, March 28th. Morgan Stanley boosted their price objective on shares of FactSet from $186.00 to $192.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 28th. Stifel Nicolaus boosted their price objective on shares of FactSet from $169.00 to $184.00 and gave the company a “hold” rating in a research report on Wednesday, March 28th. Finally, Cantor Fitzgerald boosted their price objective on shares of FactSet from $187.00 to $203.00 and gave the company a “neutral” rating in a research report on Wednesday, March 28th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $192.00.
NYSE FDS opened at $193.65 on Monday. 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 capitalization of $7,556.97, a PE ratio of 24.48, a P/E/G ratio of 2.07 and a beta of 0.95. FactSet has a 12 month low of $155.09 and a 12 month high of $217.36.
FactSet (NYSE:FDS) last posted its quarterly earnings results 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. The firm had revenue of $335.20 million for the quarter, compared to analysts’ expectations of $333.78 million. FactSet had a net margin of 19.07% and a return on equity of 54.00%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 earnings per share. equities research analysts anticipate that FactSet will post 8.48 earnings per share for the current year.
FactSet announced that its board has authorized a share buyback program on Tuesday, March 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the business services provider to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Tuesday, February 27th. FactSet’s payout ratio is presently 30.64%.
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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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