Advisors Asset Management Inc. boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,678 shares of the company’s stock after buying an additional 65 shares during the period. Advisors Asset Management Inc.’s holdings in FactSet Research Systems were worth $271,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. raised its stake in FactSet Research Systems by 571.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 940 shares of the company’s stock valued at $152,000 after buying an additional 800 shares in the last quarter. Glenmede Trust Co. NA raised its stake in FactSet Research Systems by 1.1% in the second quarter. Glenmede Trust Co. NA now owns 1,142 shares of the company’s stock valued at $184,000 after buying an additional 12 shares in the last quarter. Penobscot Investment Management Company Inc. purchased a new stake in FactSet Research Systems during the second quarter valued at approximately $212,000. CIBC Asset Management Inc purchased a new stake in FactSet Research Systems during the second quarter valued at approximately $212,000. Finally, Atria Investments LLC purchased a new stake in FactSet Research Systems during the second quarter valued at approximately $216,000. Institutional investors own 92.87% of the company’s stock.
Shares of FactSet Research Systems Inc. (NYSE:FDS) traded down 1.75% during trading on Monday, reaching $159.27. 196,499 shares of the company’s stock were exchanged. FactSet Research Systems Inc. has a 52 week low of $135.95 and a 52 week high of $183.17. The stock has a 50 day moving average price of $175.53 and a 200-day moving average price of $162.34. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 19.45 and a beta of 0.78.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, September 27th. The company reported $1.69 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by $0.01. The firm had revenue of $287.30 million for the quarter. FactSet Research Systems had a return on equity of 48.65% and a net margin of 30.06%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 EPS. Analysts predict that FactSet Research Systems Inc. will post $7.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Wednesday, August 31st were issued a $0.50 dividend. The ex-dividend date was Monday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. FactSet Research Systems’s dividend payout ratio is presently 24.30%.
Several analysts have recently issued reports on FDS shares. Zacks Investment Research upgraded shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Cantor Fitzgerald reiterated a “hold” rating on shares of FactSet Research Systems in a research report on Wednesday, June 29th. Morgan Stanley reiterated a “hold” rating and issued a $161.00 target price on shares of FactSet Research Systems in a research report on Thursday, June 30th. Credit Suisse Group AG started coverage on shares of FactSet Research Systems in a research report on Monday, July 11th. They issued an “outperform” rating and a $182.00 target price on the stock. Finally, Barclays PLC lifted their target price on shares of FactSet Research Systems from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $169.67.
In other news, Director Joseph E. Laird, Jr. sold 1,000 shares of the stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $165.00, for a total value of $165,000.00. Following the completion of the transaction, the director now owns 2,500 shares in the company, valued at approximately $412,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by insiders.
About FactSet Research Systems
FactSet Research Systems Inc (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S., Europe and Asia Pacific. Sales, consulting, data collection, product development and software engineering are the primary functional groups within the U.S., Europe and Asia Pacific segments that provide global financial and economic information to investment managers, investment banks and other financial services professionals.
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