IFM Investors Pty Ltd Boosts Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

IFM Investors Pty Ltd boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDSGet Rating) by 11.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,494 shares of the business services provider’s stock after purchasing an additional 565 shares during the period. IFM Investors Pty Ltd’s holdings in FactSet Research Systems were worth $2,385,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp increased its position in shares of FactSet Research Systems by 27.5% in the fourth quarter. State Street Corp now owns 1,955,530 shares of the business services provider’s stock worth $950,407,000 after acquiring an additional 421,362 shares in the last quarter. Geode Capital Management LLC increased its position in shares of FactSet Research Systems by 40.1% in the fourth quarter. Geode Capital Management LLC now owns 827,816 shares of the business services provider’s stock worth $401,813,000 after acquiring an additional 236,744 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of FactSet Research Systems by 98.3% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 284,262 shares of the business services provider’s stock worth $138,154,000 after acquiring an additional 140,946 shares in the last quarter. Invesco Ltd. increased its position in shares of FactSet Research Systems by 103.6% in the fourth quarter. Invesco Ltd. now owns 240,740 shares of the business services provider’s stock worth $117,002,000 after acquiring an additional 122,485 shares in the last quarter. Finally, AustralianSuper Pty Ltd increased its position in shares of FactSet Research Systems by 179.4% in the first quarter. AustralianSuper Pty Ltd now owns 178,785 shares of the business services provider’s stock worth $77,620,000 after acquiring an additional 114,793 shares in the last quarter. Hedge funds and other institutional investors own 89.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FDS. Morgan Stanley dropped their price objective on shares of FactSet Research Systems from $362.00 to $338.00 and set an “underweight” rating for the company in a research report on Tuesday, June 21st. Barclays lowered their price target on shares of FactSet Research Systems from $550.00 to $440.00 and set an “overweight” rating for the company in a report on Friday, June 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of FactSet Research Systems from $102.00 to $418.00 and gave the company a “hold” rating in a report on Friday, June 24th. Stifel Nicolaus lowered their price target on shares of FactSet Research Systems from $432.00 to $394.00 and set a “hold” rating for the company in a report on Friday, June 24th. Finally, Credit Suisse Group lowered their price target on shares of FactSet Research Systems from $475.00 to $390.00 and set a “neutral” rating for the company in a report on Friday, June 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $407.50.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $424.92, for a total value of $1,062,300.00. Following the transaction, the chief executive officer now directly owns 3,988 shares in the company, valued at approximately $1,694,580.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Sheila B. Jordan sold 2,572 shares of FactSet Research Systems stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $391.15, for a total value of $1,006,037.80. Following the sale, the director now directly owns 177 shares in the company, valued at approximately $69,233.55. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 2,500 shares of FactSet Research Systems stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $424.92, for a total transaction of $1,062,300.00. Following the completion of the sale, the chief executive officer now owns 3,988 shares in the company, valued at $1,694,580.96. 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 insiders.

FactSet Research Systems Trading Down 0.3 %

NYSE FDS opened at $423.31 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 debt-to-equity ratio of 1.66, a current ratio of 2.12 and a quick ratio of 2.12. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of 41.54, a price-to-earnings-growth ratio of 3.15 and a beta of 0.80. The company’s fifty day moving average price is $389.80 and its two-hundred day moving average price is $403.34.

FactSet Research Systems (NYSE:FDSGet Rating) last posted its quarterly earnings data on Thursday, June 23rd. The business services provider reported $3.76 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $476.06 million. During the same period in the prior year, the firm posted $2.72 EPS. As a group, research analysts predict that FactSet Research Systems Inc. will post 13.48 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be given 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 payout ratio is currently 34.94%.

FactSet Research Systems 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.

Further Reading

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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