Russell Investments Group Ltd. lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS – Get Rating) by 32.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,702 shares of the business services provider's stock after buying an additional 7,309 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of FactSet Research Systems worth $12,907,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in FactSet Research Systems in the 4th quarter valued at $25,000. Quent Capital LLC bought a new stake in FactSet Research Systems in the 4th quarter valued at $32,000. Tyler Stone Wealth Management bought a new stake in FactSet Research Systems in the 4th quarter valued at $36,000. MUFG Americas Holdings Corp increased its holdings in FactSet Research Systems by 158.1% in the 4th quarter. MUFG Americas Holdings Corp now owns 111 shares of the business services provider's stock valued at $54,000 after acquiring an additional 68 shares during the last quarter. Finally, Credit Agricole S A bought a new stake in FactSet Research Systems in the 4th quarter valued at $56,000. Hedge funds and other institutional investors own 89.99% of the company's stock.
Get FactSet Research Systems alerts:Wall Street Analysts Forecast Growth
FDS has been the topic of a number of research reports. StockNews.com downgraded shares of FactSet Research Systems from a "buy" rating to a "hold" rating in a report on Sunday, June 26th. Morgan Stanley reduced their price target on shares of FactSet Research Systems from $362.00 to $338.00 and set an "underweight" rating on the stock in a report on Tuesday, June 21st. Stifel Nicolaus reduced their target price on shares of FactSet Research Systems from $432.00 to $394.00 and set a "hold" rating on the stock in a report on Friday, June 24th. Barclays reduced their target price on shares of FactSet Research Systems from $550.00 to $440.00 and set an "overweight" rating on the stock in a report on Friday, June 24th. Finally, Credit Suisse Group reduced their target price on shares of FactSet Research Systems from $475.00 to $390.00 and set a "neutral" rating on the stock in a report on Friday, June 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, FactSet Research Systems has a consensus rating of "Hold" and an average price target of $407.50.
Insider Activity
In other FactSet Research Systems news, Director Sheila B. Jordan sold 2,572 shares of the firm's stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $391.15, for a total transaction of $1,006,037.80. Following the transaction, the director now directly owns 177 shares in the company, valued at approximately $69,233.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other FactSet Research Systems news, EVP Jonathan Reeve sold 335 shares of the firm's stock in a transaction on Friday, July 8th. The stock was sold at an average price of $401.55, for a total transaction of $134,519.25. Following the transaction, the executive vice president now directly owns 111 shares in the company, valued at approximately $44,572.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sheila B. Jordan sold 2,572 shares of the firm's stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $391.15, for a total value of $1,006,037.80. Following the transaction, the director now owns 177 shares in the company, valued at $69,233.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,407 shares of company stock valued at $4,482,202. Corporate insiders own 0.83% of the company's stock.FactSet Research Systems Price Performance
FDS stock opened at $424.78 on Friday. FactSet Research Systems Inc. has a 12 month low of $345.92 and a 12 month high of $495.39. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average price of $389.10 and a 200 day moving average price of $403.38. The stock has a market cap of $16.13 billion, a PE ratio of 41.69, a P/E/G ratio of 3.12 and a beta of 0.80.
FactSet Research Systems (NYSE:FDS – Get Rating) last released its quarterly earnings results on Thursday, June 23rd. The business services provider reported $3.76 EPS for the quarter, topping analysts' consensus estimates of $3.18 by $0.58. FactSet Research Systems had a net margin of 22.41% and a return on equity of 44.24%. The firm had revenue of $488.75 million during the quarter, compared to analysts' expectations of $476.06 million. During the same period in the previous year, the company earned $2.72 EPS. Equities research analysts anticipate that FactSet Research Systems Inc. will post 13.48 earnings per share for the current year.
FactSet Research Systems Company Profile
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FactSet Research Systems Inc, a financial data and analytics company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.
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