Disciplined Growth Investors Inc. MN raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 0.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 629,613 shares of the business services provider’s stock after buying an additional 3,205 shares during the period. FactSet Research Systems comprises 2.2% of Disciplined Growth Investors Inc. MN’s investment portfolio, making the stock its 15th biggest position. Disciplined Growth Investors Inc. MN owned approximately 1.61% of FactSet Research Systems worth $104,629,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDS. BlackRock Inc. increased its holdings in FactSet Research Systems by 12,692.2% in the first quarter. BlackRock Inc. now owns 3,151,227 shares of the business services provider’s stock valued at $519,669,000 after buying an additional 3,126,593 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in FactSet Research Systems by 288.3% in the second quarter. The Manufacturers Life Insurance Company now owns 497,418 shares of the business services provider’s stock valued at $82,660,000 after buying an additional 369,323 shares in the last quarter. Fiduciary Management Inc. WI purchased a new position in FactSet Research Systems in the second quarter valued at $31,790,000. Junto Capital Management LP purchased a new position in FactSet Research Systems in the second quarter valued at $20,424,000. Finally, Vanguard Group Inc. increased its holdings in FactSet Research Systems by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,554,309 shares of the business services provider’s stock valued at $586,142,000 after buying an additional 103,458 shares in the last quarter. 93.74% of the stock is owned by institutional investors.
In other FactSet Research Systems news, COO Mark J. Hale sold 9,458 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the completion of the transaction, the chief operating officer now directly owns 11,314 shares in the company, valued at approximately $2,040,366.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 7,334 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.24, for a total transaction of $1,329,214.16. Following the transaction, the chief executive officer now owns 11,262 shares of the company’s stock, valued at $2,041,124.88. The disclosure for this sale can be found here. Insiders have sold a total of 17,841 shares of company stock valued at $3,224,739 over the last 90 days. 2.70% of the stock is currently owned by insiders.
Shares of FactSet Research Systems Inc. (NYSE:FDS) traded down 0.283% during mid-day trading on Friday, hitting $177.685. 245,262 shares of the stock traded hands. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 20.719 and a beta of 0.98. The firm’s 50 day moving average price is $167.82 and its 200 day moving average price is $164.57. FactSet Research Systems Inc. has a 12-month low of $150.95 and a 12-month high of $184.20.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.01. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The firm had revenue of $326.60 million during the quarter, compared to the consensus estimate of $325.26 million. During the same period last year, the firm posted $1.69 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities research analysts predict that FactSet Research Systems Inc. will post $8.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.24 annualized dividend and a yield of 1.26%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 34.36%.
A number of research firms have weighed in on FDS. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Tuesday. Barclays PLC lifted their price objective on shares of FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a report on Wednesday, September 27th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $192.00 price objective (up previously from $180.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $169.00 price objective (up previously from $163.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $166.00 price objective (up previously from $157.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $171.82.
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FactSet Research Systems Company Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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