ProShare Advisors LLC Has $3.16 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

ProShare Advisors LLC raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,745 shares of the business services provider’s stock after purchasing an additional 376 shares during the quarter. ProShare Advisors LLC’s holdings in FactSet Research Systems were worth $3,162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FDS. UMB Bank n.a. lifted its stake in FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 60 shares in the last quarter. Quest Partners LLC boosted its holdings in FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Gladius Capital Management LP bought a new position in FactSet Research Systems in the second quarter valued at $33,000. Finally, SJS Investment Consulting Inc. increased its stake in FactSet Research Systems by 300.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Price Performance

NYSE:FDS opened at $455.67 on Friday. The company has a market cap of $17.33 billion, a P/E ratio of 34.36, a P/E/G ratio of 3.11 and a beta of 0.75. The firm’s fifty day moving average price is $423.72 and its two-hundred day moving average price is $428.46. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same period in the prior year, the firm earned $2.93 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Equities analysts expect that FactSet Research Systems Inc. will post 17.16 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio is 31.37%.

Analyst Ratings Changes

A number of equities analysts have recently commented on FDS shares. Wells Fargo & Company increased their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. 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 report on Monday, June 24th. BMO Capital Markets increased their price objective on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Finally, Stifel Nicolaus boosted their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $446.67.

Insiders Place Their Bets

In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $412.75, for a total value of $1,238,250.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,330,666.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 9,000 shares of company stock worth $3,714,960 in the last 90 days. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Company Profile

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.