Disciplined Growth Investors Inc. MN boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 0.1% during the fourth quarter, Holdings Channel reports. The fund owned 624,345 shares of the business services provider’s stock after buying an additional 832 shares during the quarter. FactSet Research Systems accounts for 2.4% of Disciplined Growth Investors Inc. MN’s investment portfolio, making the stock its 12th largest holding. Disciplined Growth Investors Inc. MN’s holdings in FactSet Research Systems were worth $120,349,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Turner Investments LLC bought a new position in FactSet Research Systems in the 3rd quarter worth about $144,000. Advisory Services Network LLC increased its stake in FactSet Research Systems by 723.4% in the 4th quarter. Advisory Services Network LLC now owns 1,021 shares of the business services provider’s stock worth $197,000 after acquiring an additional 897 shares during the last quarter. Lake Street Advisors Group LLC bought a new position in FactSet Research Systems in the 4th quarter worth about $205,000. Checchi Capital Advisers LLC bought a new position in FactSet Research Systems in the 4th quarter worth about $205,000. Finally, Fieldpoint Private Securities LLC bought a new position in FactSet Research Systems in the 3rd quarter worth about $195,000. Institutional investors and hedge funds own 95.98% of the company’s stock.
In related news, COO Mark J. Hale sold 48,001 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $198.43, for a total transaction of $9,524,838.43. Following the completion of the sale, the chief operating officer now directly owns 6,268 shares in the company, valued at approximately $1,243,759.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew J. Mcnulty sold 1,400 shares of the stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $192.70, for a total value of $269,780.00. The disclosure for this sale can be found here. Insiders have sold a total of 55,406 shares of company stock valued at $10,957,561 over the last 90 days. 2.80% of the stock is currently owned by company insiders.
FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, December 19th. The business services provider reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.06. The company had revenue of $329.10 million during the quarter, compared to analysts’ expectations of $330.49 million. FactSet Research Systems had a return on equity of 54.65% and a net margin of 20.76%. FactSet Research Systems’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.75 EPS. equities analysts predict that FactSet Research Systems Inc. will post 8.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, February 27th. FactSet Research Systems’s dividend payout ratio is presently 33.79%.
A number of equities analysts have weighed in on the company. Zacks Investment Research lowered FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Monday. Morgan Stanley upped their price objective on FactSet Research Systems from $179.00 to $186.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Northcoast Research cut FactSet Research Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. Piper Jaffray Companies reiterated a “hold” rating and issued a $199.00 price objective on shares of FactSet Research Systems in a report on Thursday, December 21st. Finally, Wells Fargo set a $185.00 price objective on FactSet Research Systems and gave the stock a “hold” rating in a report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $186.92.
COPYRIGHT VIOLATION NOTICE: This article was reported by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3280528/factset-research-systems-inc-fds-shares-bought-by-disciplined-growth-investors-inc-mn.html.
About FactSet Research Systems
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.
Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS).
Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.