1,284 Shares in FactSet Research Systems Inc. (NYSE:FDS) Purchased by Private Advisor Group LLC

Private Advisor Group LLC acquired a new position in FactSet Research Systems Inc. (NYSE:FDSFree Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,284 shares of the business services provider’s stock, valued at approximately $533,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its position in shares of FactSet Research Systems by 10.8% during the first quarter. American Century Companies Inc. now owns 3,246 shares of the business services provider’s stock valued at $1,409,000 after buying an additional 317 shares during the last quarter. Panagora Asset Management Inc. lifted its position in shares of FactSet Research Systems by 9.3% during the first quarter. Panagora Asset Management Inc. now owns 2,236 shares of the business services provider’s stock valued at $971,000 after buying an additional 190 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of FactSet Research Systems by 7.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,057 shares of the business services provider’s stock valued at $2,195,000 after buying an additional 332 shares during the last quarter. Cibc World Market Inc. lifted its position in shares of FactSet Research Systems by 4.2% during the first quarter. Cibc World Market Inc. now owns 897 shares of the business services provider’s stock valued at $389,000 after buying an additional 36 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of FactSet Research Systems by 49.5% during the first quarter. Vontobel Holding Ltd. now owns 1,051 shares of the business services provider’s stock valued at $463,000 after buying an additional 348 shares during the last quarter. 89.50% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $435.84 on Friday. The stock has a market capitalization of $16.63 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 2.59 and a beta of 0.83. FactSet Research Systems Inc. has a 12 month low of $377.89 and a 12 month high of $474.13. The firm’s 50 day simple moving average is $420.57 and its 200-day simple moving average is $411.95. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.11 and a quick ratio of 2.11.

FactSet Research Systems (NYSE:FDSGet Free Report) last issued its quarterly earnings data on Thursday, June 22nd. The business services provider reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.17. The business had revenue of $529.80 million for the quarter, compared to analysts’ expectations of $527.56 million. FactSet Research Systems had a net margin of 24.77% and a return on equity of 37.65%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $3.76 EPS. Analysts expect that FactSet Research Systems Inc. will post 15.07 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, August 31st will be given a dividend of $0.98 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is 30.04%.

Wall Street Analysts Forecast Growth

FDS has been the subject of several analyst reports. SpectralCast reissued an “initiates” rating on shares of FactSet Research Systems in a research report on Tuesday, May 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of FactSet Research Systems from $454.00 to $461.00 in a research report on Friday, June 23rd. 22nd Century Group reaffirmed a “maintains” rating on shares of FactSet Research Systems in a research report on Tuesday, June 27th. StockNews.com initiated coverage on shares of FactSet Research Systems in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $419.00 to $440.00 in a research report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and a consensus target price of $437.90.

View Our Latest Research Report on FDS

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $433.22, for a total transaction of $1,299,660.00. Following the transaction, the chief executive officer now owns 8,247 shares in the company, valued at approximately $3,572,765.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.97% of the company’s stock.

FactSet Research Systems Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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