Advisor Group Holdings Inc. grew its stake in FactSet Research Systems Inc. (NYSE:FDS – Get Rating) by 3.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,701 shares of the business services provider's stock after purchasing an additional 725 shares during the period. Advisor Group Holdings Inc. owned approximately 0.06% of FactSet Research Systems worth $5,995,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of FDS. State Street Corp lifted its stake in shares of FactSet Research Systems by 27.5% in the 4th quarter. State Street Corp now owns 1,955,530 shares of the business services provider's stock valued at $950,407,000 after purchasing an additional 421,362 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of FactSet Research Systems by 40.1% in the 4th quarter. Geode Capital Management LLC now owns 827,816 shares of the business services provider's stock valued at $401,813,000 after purchasing an additional 236,744 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of FactSet Research Systems by 98.3% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 284,262 shares of the business services provider's stock valued at $138,154,000 after purchasing an additional 140,946 shares during the last quarter. Invesco Ltd. lifted its stake in shares of FactSet Research Systems by 103.6% in the 4th quarter. Invesco Ltd. now owns 240,740 shares of the business services provider's stock valued at $117,002,000 after purchasing an additional 122,485 shares during the last quarter. Finally, AustralianSuper Pty Ltd lifted its stake in shares of FactSet Research Systems by 179.4% in the 1st quarter. AustralianSuper Pty Ltd now owns 178,785 shares of the business services provider's stock valued at $77,620,000 after purchasing an additional 114,793 shares during the last quarter. 89.99% of the stock is owned by institutional investors.
Get FactSet Research Systems alerts:Insider Activity
In other news, CEO Frederick Philip Snow sold 2,500 shares of FactSet Research Systems stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $370.95, for a total value of $927,375.00. Following the transaction, the chief executive officer now directly owns 3,988 shares in the company, valued at approximately $1,479,348.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Sheila B. Jordan sold 2,572 shares of the business'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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 2,500 shares of the business's stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $370.95, for a total value of $927,375.00. Following the transaction, the chief executive officer now owns 3,988 shares in the company, valued at $1,479,348.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,407 shares of company stock worth $4,482,202. 0.83% of the stock is currently owned by company insiders.
FactSet Research Systems Trading Down 0.3 %
Shares of NYSE FDS opened at $423.31 on Friday. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.66. The business has a fifty day simple moving average of $389.80 and a two-hundred day simple moving average of $403.16. The firm has a market cap of $16.08 billion, a PE ratio of 41.54, a price-to-earnings-growth ratio of 3.15 and a beta of 0.80. FactSet Research Systems Inc. has a twelve month low of $345.92 and a twelve month high of $495.39.FactSet Research Systems (NYSE:FDS – Get Rating) last announced its quarterly earnings results on Thursday, June 23rd. The business services provider reported $3.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.18 by $0.58. FactSet Research Systems had a return on equity of 44.24% and a net margin of 22.41%. The business had revenue of $488.75 million for the quarter, compared to the consensus estimate of $476.06 million. During the same period last year, the business posted $2.72 EPS. Analysts expect that FactSet Research Systems Inc. will post 13.48 earnings per share for the current fiscal year.
FactSet Research Systems Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be issued a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 0.84%. FactSet Research Systems's dividend payout ratio is presently 34.94%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Stifel Nicolaus decreased their price target on FactSet Research Systems from $432.00 to $394.00 and set a "hold" rating for the company in a research note on Friday, June 24th. StockNews.com lowered FactSet Research Systems from a "buy" rating to a "hold" rating in a research note on Sunday, June 26th. Deutsche Bank Aktiengesellschaft raised their price target on FactSet Research Systems from $102.00 to $418.00 and gave the stock a "hold" rating in a research note on Friday, June 24th. Redburn Partners assumed coverage on FactSet Research Systems in a research note on Tuesday, May 17th. They set a "sell" rating for the company. Finally, Credit Suisse Group decreased their price target on FactSet Research Systems from $475.00 to $390.00 and set a "neutral" rating for the company in a research note on Friday, June 24th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $407.50.
About FactSet Research Systems
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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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