Strategy Asset Managers LLC acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS – Get Rating) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 730 shares of the business services provider’s stock, valued at approximately $317,000.
A number of other institutional investors also recently bought and sold shares of FDS. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in FactSet Research Systems during the 4th quarter worth about $25,000. Baillie Gifford & Co. acquired a new stake in FactSet Research Systems in the 4th quarter worth about $30,000. Quent Capital LLC acquired a new stake in FactSet Research Systems in the 4th quarter worth about $32,000. Tyler Stone Wealth Management acquired a new stake in FactSet Research Systems in the 4th quarter worth about $36,000. Finally, CVA Family Office LLC boosted its stake in FactSet Research Systems by 347.8% in the 4th quarter. CVA Family Office LLC now owns 103 shares of the business services provider’s stock worth $50,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 89.99% of the company’s stock.
In other FactSet Research Systems news, insider Gene D. Fernandez sold 16,517 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $442.99, for a total transaction of $7,316,865.83. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Frederick Philip Snow sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $435.37, for a total value of $1,088,425.00. The disclosure for this sale can be found here. Insiders have sold a total of 28,277 shares of company stock worth $12,184,602 over the last 90 days. 0.83% of the stock is owned by company insiders.
FactSet Research Systems (NYSE:FDS – Get Rating) last posted its quarterly earnings data on Thursday, March 24th. The business services provider reported $3.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.31. FactSet Research Systems had a return on equity of 42.88% and a net margin of 25.15%. The company had revenue of $431.10 million for the quarter, compared to the consensus estimate of $427.09 million. During the same period in the previous year, the business earned $2.72 EPS. FactSet Research Systems’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 13.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Tuesday, May 31st were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Friday, May 27th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.82. This represents a $3.56 annualized dividend and a yield of 0.99%. FactSet Research Systems’s payout ratio is currently 32.72%.
A number of analysts have issued reports on the company. Redburn Partners assumed coverage on FactSet Research Systems in a research note on Tuesday, May 17th. They issued a “sell” rating on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $432.00 price target on shares of FactSet Research Systems in a research note on Friday, March 25th. StockNews.com raised FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 18th. Morgan Stanley reduced their price objective on FactSet Research Systems from $362.00 to $338.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, UBS Group lifted their price objective on FactSet Research Systems from $432.00 to $454.00 and gave the company a “neutral” rating in a research note on Monday, March 28th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $426.33.
FactSet Research Systems Company Profile (Get Rating)
FactSet Research Systems Inc, a financial data and analytics 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.
- Get a free copy of the StockNews.com research report on FactSet Research Systems (FDS)
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