ProShare Advisors LLC Grows Holdings in FactSet Research Systems Inc. (NYSE:FDS)

ProShare Advisors LLC grew its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 20.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,027 shares of the business services provider’s stock after purchasing an additional 1,542 shares during the period. ProShare Advisors LLC’s holdings in FactSet Research Systems were worth $3,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its position in 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 purchasing an additional 317 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in FactSet Research Systems by 9.3% in the 1st quarter. Panagora Asset Management Inc. now owns 2,236 shares of the business services provider’s stock worth $971,000 after buying an additional 190 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in 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 worth $2,195,000 after acquiring an additional 332 shares during the last quarter. Cibc World Market Inc. raised its stake in 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 worth $389,000 after purchasing an additional 36 shares during the period. Finally, Vontobel Holding Ltd. increased its position in shares of FactSet Research Systems by 49.5% during the 1st quarter. Vontobel Holding Ltd. now owns 1,051 shares of the business services provider’s stock worth $463,000 after purchasing an additional 348 shares during the last quarter. Institutional investors own 89.50% of the company’s stock.

FactSet Research Systems Trading Up 0.4 %

FactSet Research Systems stock opened at $429.19 on Tuesday. The firm’s 50-day moving average is $428.21 and its 200-day moving average is $412.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.11 and a current ratio of 2.11. FactSet Research Systems Inc. has a 1 year low of $377.89 and a 1 year high of $474.13. The company has a market cap of $16.37 billion, a P/E ratio of 32.89, a PEG ratio of 2.38 and a beta of 0.81.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, June 22nd. The business services provider reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.17. FactSet Research Systems had a net margin of 24.77% and a return on equity of 37.65%. The company had revenue of $529.80 million for the quarter, compared to analysts’ expectations of $527.56 million. During the same quarter in the previous year, the company posted $3.76 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. On average, equities analysts expect that FactSet Research Systems Inc. will post 15.07 earnings per share 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. Shareholders of record on Thursday, August 31st will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Wednesday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.04%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. 22nd Century Group restated a “maintains” rating on shares of FactSet Research Systems in a research note on Tuesday, June 27th. Bank of America assumed coverage on shares of FactSet Research Systems in a research note on Thursday, June 15th. They set a “neutral” rating on the stock. StockNews.com assumed coverage on shares of FactSet Research Systems in a research report on Thursday, August 17th. They set a “hold” rating for the company. BMO Capital Markets dropped their price target on shares of FactSet Research Systems from $424.00 to $419.00 in a research report on Monday, June 26th. Finally, Royal Bank of Canada lowered shares of FactSet Research Systems from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $500.00 to $464.00 in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $438.90.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $438.78, for a total value of $1,316,340.00. Following the completion of the sale, the chief executive officer now directly owns 8,247 shares in the company, valued at $3,618,618.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.97% of the company’s stock.

FactSet Research Systems Profile

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.