BNP Paribas Financial Markets Raises Stake in FactSet Research Systems Inc. (NYSE:FDS)

BNP Paribas Financial Markets grew its stake in shares of FactSet Research Systems Inc. (NYSE:FDSFree Report) by 198.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,391 shares of the business services provider’s stock after purchasing an additional 34,156 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.13% of FactSet Research Systems worth $23,352,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FDS. Criterion Capital Advisors LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter valued at $30,000. Desjardins Global Asset Management Inc. boosted its stake in shares of FactSet Research Systems by 69.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 34 shares during the period. Smithfield Trust Co boosted its stake in shares of FactSet Research Systems by 51.6% during the fourth quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 32 shares during the period. CVA Family Office LLC purchased a new stake in FactSet Research Systems in the fourth quarter worth about $49,000. Finally, Global Retirement Partners LLC lifted its stake in FactSet Research Systems by 36.9% in the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the business services provider’s stock worth $65,000 after acquiring an additional 38 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Robert J. Robie sold 4,336 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the transaction, the executive vice president now owns 1,485 shares in the company, valued at $640,747.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Robert J. Robie sold 4,336 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $431.48, for a total value of $1,870,897.28. Following the transaction, the executive vice president now owns 1,485 shares in the company, valued at approximately $640,747.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,363,082.90. The disclosure for this sale can be found here. Insiders have sold a total of 27,419 shares of company stock worth $11,606,013 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

FactSet Research Systems Stock Performance

FDS opened at $423.41 on Monday. FactSet Research Systems Inc. has a 52-week low of $385.27 and a 52-week high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The company has a market cap of $16.14 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 2.52 and a beta of 0.75. The firm’s 50-day moving average price is $421.70 and its 200-day moving average price is $445.81.

FactSet Research Systems (NYSE:FDSGet Free Report) last posted its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The firm had revenue of $552.70 million for the quarter, compared to the consensus estimate of $552.71 million. During the same quarter in the prior year, the company posted $3.79 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 16.33 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $4.16 annualized dividend and a dividend yield of 0.98%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio is 31.37%.

Analysts Set New Price Targets

FDS has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research note on Monday, June 24th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $469.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Barclays reaffirmed an “equal weight” rating and issued a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Morgan Stanley upped their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research note on Monday, June 24th. Finally, Wolfe Research began coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective for the company. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $432.00.

Check Out Our Latest Stock Analysis on FDS

FactSet Research Systems Profile

(Free Report)

FactSet Research Systems Inc, a financial data 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.

Further Reading

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

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