Wells Fargo & Company MN Grows Stake in FactSet Research Systems Inc. (FDS)

Wells Fargo & Company MN lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,077,969 shares of the business services provider’s stock after buying an additional 100,449 shares during the quarter. Wells Fargo & Company MN owned approximately 5.42% of FactSet Research Systems worth $464,863,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FDS. Principal Financial Group Inc. raised its stake in shares of FactSet Research Systems by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 169,896 shares of the business services provider’s stock worth $33,880,000 after buying an additional 3,810 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of FactSet Research Systems by 19.0% during the 1st quarter. Suntrust Banks Inc. now owns 1,794 shares of the business services provider’s stock worth $356,000 after buying an additional 286 shares during the last quarter. Capital Investment Services of America Inc. raised its stake in shares of FactSet Research Systems by 0.5% during the 2nd quarter. Capital Investment Services of America Inc. now owns 53,412 shares of the business services provider’s stock worth $10,581,000 after buying an additional 278 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of FactSet Research Systems by 31.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,680 shares of the business services provider’s stock worth $927,000 after buying an additional 1,130 shares during the last quarter. Finally, Profit Investment Management LLC acquired a new position in shares of FactSet Research Systems during the 2nd quarter worth $2,942,000. 91.80% of the stock is owned by institutional investors and hedge funds.

Shares of FDS stock opened at $224.58 on Tuesday. FactSet Research Systems Inc. has a twelve month low of $183.89 and a twelve month high of $237.29. The stock has a market capitalization of $8.50 billion, a P/E ratio of 26.33, a PEG ratio of 2.25 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.95 and a quick ratio of 1.95.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, September 25th. The business services provider reported $2.20 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.01). FactSet Research Systems had a net margin of 19.78% and a return on equity of 58.62%. The firm had revenue of $345.90 million during the quarter, compared to analyst estimates of $346.39 million. During the same period in the previous year, the firm posted $1.90 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts expect that FactSet Research Systems Inc. will post 9.52 EPS for the current year.

Several research firms have recently issued reports on FDS. Morgan Stanley set a $204.00 price target on FactSet Research Systems and gave the stock a “hold” rating in a research note on Monday, October 15th. Zacks Investment Research downgraded shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Bank of America boosted their target price on shares of FactSet Research Systems from $214.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, September 26th. Cantor Fitzgerald boosted their target price on shares of FactSet Research Systems from $203.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, September 26th. Finally, Barclays boosted their target price on shares of FactSet Research Systems from $185.00 to $210.00 and gave the company an “underweight” rating in a research note on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $212.45.

In other FactSet Research Systems news, SVP Matthew J. Mcnulty sold 1,684 shares of FactSet Research Systems stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $225.00, for a total value of $378,900.00. Following the completion of the sale, the senior vice president now owns 3,727 shares in the company, valued at approximately $838,575. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert J. Robie sold 1,174 shares of FactSet Research Systems stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $224.78, for a total value of $263,891.72. Following the completion of the sale, the executive vice president now owns 2,862 shares of the company’s stock, valued at approximately $643,320.36. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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FactSet Research Systems 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 Research Systems (NYSE:FDS)

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