FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in shares of FactSet Research Systems Inc. (NYSE:FDSFree Report) by 11.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,097 shares of the business services provider’s stock after buying an additional 213 shares during the period. Allspring Global Investments Holdings LLC’s holdings in FactSet Research Systems were worth $953,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Signaturefd LLC increased its holdings in FactSet Research Systems by 6.5% in the 4th quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 23 shares in the last quarter. Drive Wealth Management LLC grew its stake in shares of FactSet Research Systems by 5.2% in the fourth quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock valued at $233,000 after buying an additional 24 shares in the last quarter. Procyon Advisors LLC grew its stake in shares of FactSet Research Systems by 0.4% in the first quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock valued at $2,948,000 after buying an additional 27 shares in the last quarter. CENTRAL TRUST Co raised its holdings in shares of FactSet Research Systems by 23.0% during the 4th quarter. CENTRAL TRUST Co now owns 155 shares of the business services provider’s stock valued at $74,000 after buying an additional 29 shares during the period. Finally, Smithfield Trust Co lifted its position in FactSet Research Systems by 51.6% during the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock worth $44,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

FDS has been the subject of several recent research reports. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. The Goldman Sachs Group boosted their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Stifel Nicolaus restated a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. Morgan Stanley boosted their price target on 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, Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $432.00.

Check Out Our Latest Analysis on FactSet Research Systems

FactSet Research Systems Stock Performance

Shares of FDS opened at $417.87 on Tuesday. The stock has a market capitalization of $15.93 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 2.52 and a beta of 0.75. The business’s fifty day moving average price is $421.60 and its 200 day moving average price is $445.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. FactSet Research Systems Inc. has a 12-month low of $385.57 and a 12-month high of $488.64.

FactSet Research Systems (NYSE:FDSGet Free Report) last posted its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.91 by $0.46. The business had revenue of $552.70 million during the quarter, compared to analyst estimates of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.79 EPS. Equities research analysts forecast that FactSet Research Systems Inc. will post 16.33 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were paid a dividend of $1.04 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Friday, May 31st. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

Insiders Place Their Bets

In other news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the transaction, the chief accounting officer now owns 72 shares of the company’s stock, valued at $30,204. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the transaction, the chief accounting officer now directly owns 72 shares of the company’s stock, valued at approximately $30,204. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,363,082.90. The disclosure for this sale can be found here. Insiders have sold 27,419 shares of company stock valued at $11,606,013 over the last three months. Company insiders own 1.00% of the company’s stock.

About FactSet Research Systems

(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.

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

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