FactSet Research Systems Inc. (NYSE:FDS) Sees Large Increase in Short Interest

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FactSet Research Systems Inc. (NYSE:FDS) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 3,148,000 shares, a growth of 42.8% from the April 30th total of 2,203,900 shares. Based on an average trading volume of 329,000 shares, the days-to-cover ratio is currently 9.6 days. Currently, 8.4% of the shares of the stock are short sold.

Several brokerages have recently commented on FDS. Zacks Investment Research raised FactSet Research Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 21st. Piper Jaffray Companies boosted their price target on FactSet Research Systems from $211.00 to $262.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Deutsche Bank boosted their price target on FactSet Research Systems from $217.00 to $245.00 and gave the stock a “hold” rating in a research note on Wednesday, March 27th. Morgan Stanley boosted their price target on FactSet Research Systems from $211.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 27th. Finally, DA Davidson boosted their price target on FactSet Research Systems to $214.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. FactSet Research Systems presently has a consensus rating of “Hold” and an average target price of $243.27.

In other news, EVP Robert J. Robie sold 10,459 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $241.34, for a total transaction of $2,524,175.06. Following the sale, the executive vice president now owns 4,331 shares of the company’s stock, valued at approximately $1,045,243.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 1,183 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $249.24, for a total value of $294,850.92. Following the sale, the chief executive officer now directly owns 4,871 shares in the company, valued at approximately $1,214,048.04. The disclosure for this sale can be found here. Insiders have sold a total of 14,014 shares of company stock worth $3,476,129 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Eukles Asset Management increased its holdings in FactSet Research Systems by 0.5% in the 1st quarter. Eukles Asset Management now owns 8,360 shares of the business services provider’s stock valued at $2,076,000 after purchasing an additional 41 shares in the last quarter. Piedmont Investment Advisors Inc. increased its holdings in FactSet Research Systems by 1.2% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 3,759 shares of the business services provider’s stock valued at $933,000 after purchasing an additional 44 shares in the last quarter. Somerset Trust Co increased its holdings in FactSet Research Systems by 0.6% in the 1st quarter. Somerset Trust Co now owns 7,699 shares of the business services provider’s stock valued at $1,912,000 after purchasing an additional 45 shares in the last quarter. Mission Wealth Management LP increased its holdings in FactSet Research Systems by 3.8% in the 4th quarter. Mission Wealth Management LP now owns 1,632 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 59 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in FactSet Research Systems by 30.2% in the 1st quarter. Global Retirement Partners LLC now owns 259 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 60 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

FDS stock traded up $1.65 on Wednesday, reaching $302.05. The company had a trading volume of 285,563 shares, compared to its average volume of 292,613. FactSet Research Systems has a 1 year low of $188.31 and a 1 year high of $304.05. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a market cap of $11.31 billion, a P/E ratio of 35.41, a PEG ratio of 2.99 and a beta of 1.07.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, March 26th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. FactSet Research Systems had a return on equity of 64.58% and a net margin of 22.45%. The firm had revenue of $354.90 million for the quarter, compared to analyst estimates of $356.46 million. During the same quarter in the prior year, the company earned $2.12 EPS. FactSet Research Systems’s revenue was up 5.9% on a year-over-year basis. On average, research analysts predict that FactSet Research Systems will post 9.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Friday, May 31st were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Thursday, May 30th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.64. FactSet Research Systems’s dividend payout ratio is currently 33.76%.

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FactSet Research Systems Company Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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