GYL Financial Synergies LLC increased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 79.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,774 shares of the business services provider’s stock after purchasing an additional 1,224 shares during the quarter. GYL Financial Synergies LLC’s holdings in FactSet Research Systems were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its position in FactSet Research Systems by 5.1% in the first quarter. BlackRock Inc. now owns 3,560,242 shares of the business services provider’s stock worth $883,900,000 after purchasing an additional 172,591 shares during the period. Geode Capital Management LLC lifted its position in FactSet Research Systems by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 421,037 shares of the business services provider’s stock worth $84,261,000 after purchasing an additional 16,651 shares during the period. Fiera Capital Corp lifted its position in FactSet Research Systems by 2.4% in the first quarter. Fiera Capital Corp now owns 381,749 shares of the business services provider’s stock worth $94,776,000 after purchasing an additional 8,909 shares during the period. Northern Trust Corp lifted its position in FactSet Research Systems by 5.1% in the first quarter. Northern Trust Corp now owns 340,902 shares of the business services provider’s stock worth $84,636,000 after purchasing an additional 16,644 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in FactSet Research Systems by 8.8% in the first quarter. Dimensional Fund Advisors LP now owns 251,240 shares of the business services provider’s stock worth $62,372,000 after purchasing an additional 20,243 shares during the period. 93.41% of the stock is owned by institutional investors and hedge funds.
FDS has been the subject of a number of research analyst reports. Morgan Stanley upped their target price on FactSet Research Systems from $200.00 to $211.00 and gave the stock an “equal weight” rating in a research report on Monday, February 25th. Cantor Fitzgerald upped their target price on FactSet Research Systems from $209.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Barclays restated a “hold” rating and issued a $275.00 target price on shares of FactSet Research Systems in a research report on Monday, May 6th. DA Davidson upped their target price on FactSet Research Systems to $214.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Finally, Deutsche Bank upped their target price on FactSet Research Systems from $217.00 to $245.00 and gave the stock a “hold” rating in a research report on Wednesday, March 27th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $239.82.
In other news, CEO Frederick Philip Snow sold 1,183 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $249.24, for a total transaction of $294,850.92. Following the completion of the sale, the chief executive officer now owns 4,871 shares in the company, valued at approximately $1,214,048.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert J. Robie sold 10,459 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $241.34, for a total value of $2,524,175.06. Following the sale, the executive vice president now owns 4,331 shares of the company’s stock, valued at approximately $1,045,243.54. The disclosure for this sale can be found here. Insiders have sold a total of 14,014 shares of company stock valued at $3,476,129 in the last quarter. Insiders own 2.30% of the company’s stock.
Shares of NYSE:FDS opened at $296.33 on Friday. FactSet Research Systems Inc. has a one year low of $188.31 and a one year high of $304.05. The firm has a market cap of $11.35 billion, a PE ratio of 32.45, a P/E/G ratio of 3.00 and a beta of 1.07. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.45 and a quick ratio of 2.45.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. FactSet Research Systems had a return on equity of 64.58% and a net margin of 22.45%. The company had revenue of $354.90 million during the quarter, compared to the consensus estimate of $356.46 million. During the same quarter in the prior year, the firm earned $2.12 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts expect that FactSet Research Systems Inc. will post 9.59 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Friday, May 31st will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Thursday, May 30th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.64. FactSet Research Systems’s dividend payout ratio is 33.76%.
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About FactSet Research Systems
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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