Capital Fund Management S.A. Invests $5.83 Million in FactSet Research Systems Inc. $FDS

Capital Fund Management S.A. purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,028 shares of the business services provider’s stock, valued at approximately $5,827,000.

Several other institutional investors and hedge funds have also bought and sold shares of FDS. Truist Financial Corp boosted its holdings in shares of FactSet Research Systems by 0.5% in the second quarter. Truist Financial Corp now owns 22,313 shares of the business services provider’s stock worth $9,980,000 after acquiring an additional 114 shares during the period. Vest Financial LLC raised its stake in shares of FactSet Research Systems by 8.8% during the 2nd quarter. Vest Financial LLC now owns 125,526 shares of the business services provider’s stock valued at $56,145,000 after purchasing an additional 10,172 shares during the period. PineStone Asset Management Inc. lifted its holdings in FactSet Research Systems by 8.8% during the 2nd quarter. PineStone Asset Management Inc. now owns 380,459 shares of the business services provider’s stock worth $170,172,000 after purchasing an additional 30,881 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in FactSet Research Systems by 14.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,690 shares of the business services provider’s stock worth $6,569,000 after purchasing an additional 1,810 shares during the period. Finally, J. W. Coons Advisors LLC grew its holdings in FactSet Research Systems by 139.8% during the 2nd quarter. J. W. Coons Advisors LLC now owns 3,465 shares of the business services provider’s stock valued at $1,550,000 after buying an additional 2,020 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $277.37 on Monday. FactSet Research Systems Inc. has a fifty-two week low of $250.50 and a fifty-two week high of $496.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $10.38 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 2.73 and a beta of 0.77. The firm’s fifty day moving average price is $278.62 and its 200-day moving average price is $365.04.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Wednesday, September 17th. The business services provider reported $4.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.08). FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.The company had revenue of $596.90 million during the quarter, compared to analysts’ expectations of $593.32 million. During the same quarter last year, the firm posted $3.74 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 28th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 28.30%.

Insider Buying and Selling

In other news, insider Christopher Mcloughlin bought 338 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was acquired at an average price of $296.19 per share, with a total value of $100,112.22. Following the completion of the purchase, the insider directly owned 3,446 shares in the company, valued at $1,020,670.74. This represents a 10.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Goran Skoko purchased 500 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were acquired at an average cost of $252.93 per share, for a total transaction of $126,465.00. Following the completion of the purchase, the executive vice president directly owned 9,192 shares of the company’s stock, valued at approximately $2,324,932.56. This represents a 5.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 1,208 shares of company stock worth $328,505 in the last quarter. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FDS. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a report on Tuesday, November 25th. Barclays decreased their target price on shares of FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, September 19th. Wolfe Research reissued an “underperform” rating and issued a $290.00 price target on shares of FactSet Research Systems in a report on Friday, November 14th. Huber Research upgraded shares of FactSet Research Systems to a “strong sell” rating in a research report on Friday, September 19th. Finally, Wells Fargo & Company lowered their price objective on FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating on the stock in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $350.10.

About FactSet Research Systems

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.