Papp L Roy & Associates raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,975 shares of the company’s stock after buying an additional 350 shares during the period. FactSet Research Systems comprises about 1.5% of Papp L Roy & Associates’ investment portfolio, making the stock its 23rd largest position. Papp L Roy & Associates’ holdings in FactSet Research Systems were worth $6,453,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Virginia Retirement System acquired a new stake in shares of FactSet Research Systems during the first quarter worth $1,803,000. IFP Advisors Inc raised its stake in shares of FactSet Research Systems by 2.6% in the first quarter. IFP Advisors Inc now owns 2,421 shares of the company’s stock worth $367,000 after buying an additional 62 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of FactSet Research Systems by 25.0% in the first quarter. Stratos Wealth Partners LTD. now owns 2,358 shares of the company’s stock worth $357,000 after buying an additional 471 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of FactSet Research Systems by 0.9% in the first quarter. Prudential Financial Inc. now owns 25,599 shares of the company’s stock worth $3,879,000 after buying an additional 230 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of FactSet Research Systems by 22.5% in the first quarter. BlackRock Inc. now owns 17,971 shares of the company’s stock worth $2,724,000 after buying an additional 3,297 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.
FactSet Research Systems Inc. (NYSE:FDS) traded down 1.63% during mid-day trading on Monday, hitting $159.45. 480,264 shares of the 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 of $175.53 and a 200-day moving average of $162.34. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 19.47 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by $0.01. FactSet Research Systems had a net margin of 30.06% and a return on equity of 48.65%. The company had revenue of $287.30 million for the quarter. During the same period in the prior year, the business posted $1.48 earnings per share. FactSet Research Systems’s quarterly revenue was up 9.7% on a year-over-year basis. Equities analysts predict that FactSet Research Systems Inc. will post $7.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Wednesday, August 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Monday, August 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 24.30%.
A number of equities research analysts have recently weighed in on FDS shares. Zacks Investment Research upgraded shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th. Cantor Fitzgerald reiterated a “hold” rating on shares of FactSet Research Systems in a report on Wednesday, June 29th. Morgan Stanley reiterated a “hold” rating and set a $161.00 price target on shares of FactSet Research Systems in a report on Thursday, June 30th. Credit Suisse Group AG initiated coverage on shares of FactSet Research Systems in a report on Monday, July 11th. They set an “outperform” rating and a $182.00 price target for the company. Finally, Barclays PLC upped their price target on shares of FactSet Research Systems from $160.00 to $175.00 and gave the company an “equal weight” rating in a 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 currently has a consensus rating of “Hold” and an average target price of $169.67.
In related news, VP Matthew J. Mcnulty sold 1,000 shares of the firm’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $167.50, for a total value of $167,500.00. Following the completion of the transaction, the vice president now directly owns 3,016 shares of the company’s stock, valued at $505,180. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by corporate 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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