Dividend Assets Capital LLC lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,993 shares of the company’s stock after selling 35,900 shares during the period. FactSet Research Systems makes up about 2.4% of Dividend Assets Capital LLC’s investment portfolio, making the stock its 18th largest position. Dividend Assets Capital LLC’s holdings in FactSet Research Systems were worth $82,323,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in FactSet Research Systems by 4.9% in the first quarter. Wellington Management Group LLP now owns 1,307,959 shares of the company’s stock valued at $198,195,000 after buying an additional 61,270 shares during the last quarter. Atlanta Capital Management Co. L L C raised its position in FactSet Research Systems by 13.1% in the first quarter. Atlanta Capital Management Co. L L C now owns 1,079,048 shares of the company’s stock valued at $163,508,000 after buying an additional 125,038 shares during the last quarter. Prudential Financial Inc. raised its position in FactSet Research Systems by 0.9% in the first quarter. Prudential Financial Inc. now owns 25,599 shares of the company’s stock valued at $3,879,000 after buying an additional 230 shares during the last quarter. BlackRock Group LTD raised its position in FactSet Research Systems by 18.7% in the first quarter. BlackRock Group LTD now owns 42,737 shares of the company’s stock valued at $6,476,000 after buying an additional 6,728 shares during the last quarter. Finally, State Street Corp raised its position in FactSet Research Systems by 0.6% in the first quarter. State Street Corp now owns 1,069,984 shares of the company’s stock valued at $162,130,000 after buying an additional 6,153 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.
Shares of FactSet Research Systems Inc. (NYSE:FDS) traded down 1.19% during midday trading on Wednesday, reaching $162.39. 1,204,299 shares of the company were exchanged. The company has a 50 day moving average price of $176.49 and a 200-day moving average price of $162.30. FactSet Research Systems Inc. has a 12-month low of $135.95 and a 12-month high of $183.17. The stock has a market capitalization of $6.60 billion, a P/E ratio of 26.36 and a beta of 0.68.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, September 27th. The company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.70 by $0.01. FactSet Research Systems had a return on equity of 47.11% and a net margin of 23.30%. The business earned $287.30 million during the quarter. During the same period last year, the firm earned $1.48 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts forecast that FactSet Research Systems Inc. will post $6.40 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.50 per share. 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 currently 32.47%.
FDS has been the subject of several research reports. Raymond James Financial Inc. lowered shares of FactSet Research Systems from a “market perform” rating to an “underperform” rating in a research report on Tuesday. Barclays PLC increased 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 research report on Tuesday, August 23rd. Cantor Fitzgerald restated a “hold” rating on shares of FactSet Research Systems in a research report on Friday, August 19th. Bank of America Corp. set a $185.00 price objective on shares of FactSet Research Systems and gave the company a “hold” rating in a report on Thursday, September 15th. Finally, Macquarie initiated coverage on shares of FactSet Research Systems in a report on Thursday, August 25th. They set a “neutral” rating and a $180.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. FactSet Research Systems presently has a consensus rating of “Hold” and an average price target of $170.22.
In other FactSet Research Systems news, VP Matthew J. Mcnulty sold 1,000 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $167.50, for a total transaction of $167,500.00. Following the completion of the sale, the vice president now directly owns 3,016 shares in the company, valued at approximately $505,180. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.
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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