Capital Fund Management S.A. Makes New Investment in FactSet Research Systems Inc. $FDS

Capital Fund Management S.A. acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 13,028 shares of the business services provider’s stock, valued at approximately $5,827,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SouthState Corp increased its stake in shares of FactSet Research Systems by 1,400.0% in the first quarter. SouthState Corp now owns 60 shares of the business services provider’s stock worth $27,000 after buying an additional 56 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in FactSet Research Systems by 4,200.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock worth $39,000 after acquiring an additional 84 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of FactSet Research Systems by 4,300.0% in the second quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 86 shares during the period. WPG Advisers LLC bought a new position in shares of FactSet Research Systems during the first quarter valued at about $41,000. Finally, Generali Investments Management Co LLC purchased a new stake in shares of FactSet Research Systems during the second quarter worth about $42,000. Institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling at FactSet Research Systems

In related news, insider Christopher Mcloughlin purchased 338 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were bought at an average price of $296.19 per share, for a total transaction of $100,112.22. Following the purchase, the insider directly owned 3,446 shares of the company’s stock, valued at approximately $1,020,670.74. This represents a 10.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Goran Skoko acquired 500 shares of the stock in a transaction on Thursday, November 6th. The shares were bought at an average price of $252.93 per share, with a total value of $126,465.00. Following the purchase, the executive vice president directly owned 9,192 shares of the company’s stock, valued at $2,324,932.56. The trade was a 5.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 1,208 shares of company stock valued at $328,505. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Rothschild & Co Redburn upgraded FactSet Research Systems from a “sell” rating to a “neutral” rating and reduced their price target for the company from $415.00 to $370.00 in a report on Friday, September 12th. Morgan Stanley cut their price objective on FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating on the stock in a research report on Friday, September 19th. UBS Group upgraded FactSet Research Systems from a “neutral” rating to a “buy” rating and decreased their target price for the company from $480.00 to $425.00 in a report on Monday, September 22nd. Barclays cut their price target on shares of FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, September 19th. Finally, Wells Fargo & Company decreased their price objective on shares of FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating for the company in a report on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $350.10.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $277.37 on Monday. The business’s fifty day moving average is $278.62 and its 200 day moving average is $365.04. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.63. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 2.73 and a beta of 0.77. FactSet Research Systems Inc. has a twelve month low of $250.50 and a twelve month high of $496.90.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Wednesday, September 17th. The business services provider reported $4.05 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.08). FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The firm had revenue of $596.90 million for the quarter, compared to analysts’ expectations of $593.32 million. During the same period in the prior year, the business posted $3.74 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 28th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, November 28th. FactSet Research Systems’s dividend payout ratio is 28.30%.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data 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.