Quantamental Technologies LLC purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 223 shares of the business services provider’s stock, valued at approximately $64,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in FactSet Research Systems by 5.1% during the first quarter. BlackRock Inc. now owns 3,560,242 shares of the business services provider’s stock valued at $883,900,000 after purchasing an additional 172,591 shares in the last quarter. Geode Capital Management LLC raised its stake in FactSet Research Systems by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 421,037 shares of the business services provider’s stock valued at $84,261,000 after purchasing an additional 16,651 shares in the last quarter. Fiera Capital Corp raised its stake in FactSet Research Systems by 2.4% during the first quarter. Fiera Capital Corp now owns 381,749 shares of the business services provider’s stock valued at $94,776,000 after purchasing an additional 8,909 shares in the last quarter. Northern Trust Corp raised its stake in FactSet Research Systems by 5.1% during the first quarter. Northern Trust Corp now owns 340,902 shares of the business services provider’s stock valued at $84,636,000 after purchasing an additional 16,644 shares in the last quarter. Finally, Atria Investments LLC raised its stake in FactSet Research Systems by 5,526.7% during the second quarter. Atria Investments LLC now owns 217,585 shares of the business services provider’s stock valued at $5,651,000 after purchasing an additional 213,718 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors.
Shares of FDS traded down $0.55 during midday trading on Friday, hitting $276.10. The stock had a trading volume of 2,616 shares, compared to its average volume of 273,723. FactSet Research Systems Inc. has a 1 year low of $188.31 and a 1 year high of $305.38. The firm has a market cap of $10.61 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 2.64 and a beta of 1.00. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.87 and a quick ratio of 2.87. The stock’s 50 day moving average is $275.48 and its 200 day moving average is $270.55.
FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, June 25th. The business services provider reported $2.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.25. FactSet Research Systems had a net margin of 23.30% and a return on equity of 64.19%. The business had revenue of $364.50 million for the quarter, compared to the consensus estimate of $359.25 million. During the same quarter in the prior year, the firm posted $2.18 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 9.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, August 29th. FactSet Research Systems’s dividend payout ratio is currently 33.76%.
A number of equities research analysts recently issued reports on FDS shares. Goldman Sachs Group downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price target for the company from $256.00 to $246.00 in a research note on Thursday, June 27th. DA Davidson upped their price target on shares of FactSet Research Systems from $214.00 to $252.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Credit Suisse Group reaffirmed a “hold” rating on shares of FactSet Research Systems in a research note on Monday, July 8th. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $230.00 to $242.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. Finally, UBS Group increased their target price on shares of FactSet Research Systems from $212.00 to $233.00 and gave the company a “sell” rating in a research note on Wednesday, June 26th. Three investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $251.75.
In other news, insider Brian G. Daly sold 473 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $294.17, for a total value of $139,142.41. Following the transaction, the insider now directly owns 735 shares in the company, valued at $216,214.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Scott A. Billeadeau sold 2,683 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $289.03, for a total transaction of $775,467.49. Following the completion of the transaction, the director now owns 3,684 shares in the company, valued at $1,064,786.52. The disclosure for this sale can be found here. In the last three months, insiders sold 74,314 shares of company stock worth $21,465,229. Insiders own 2.30% of the company’s stock.
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. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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