Andra AP fonden increased its stake in FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 637.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,611 shares of the business services provider’s stock after purchasing an additional 9,172 shares during the quarter. Andra AP fonden’s holdings in FactSet Research Systems were worth $3,040,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Horizon Corp bought a new position in FactSet Research Systems in the 3rd quarter worth about $25,000. Generali Investments Management Co LLC bought a new stake in shares of FactSet Research Systems during the second quarter valued at about $42,000. Winnow Wealth LLC purchased a new stake in shares of FactSet Research Systems in the third quarter worth about $28,000. Geneos Wealth Management Inc. boosted its position in shares of FactSet Research Systems by 188.2% in the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 64 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new position in shares of FactSet Research Systems in the second quarter valued at approximately $45,000. 91.24% of the stock is currently owned by institutional investors.
FactSet Research Systems Stock Performance
FactSet Research Systems stock opened at $217.11 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.63. The firm has a market cap of $8.05 billion, a P/E ratio of 13.81, a P/E/G ratio of 2.24 and a beta of 0.73. FactSet Research Systems Inc. has a 1-year low of $185.00 and a 1-year high of $474.79. The firm has a 50-day moving average of $254.45 and a 200-day moving average of $287.84.
FactSet Research Systems declared that its board has approved a share buyback plan on Thursday, December 18th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the business services provider to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
FactSet Research Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, February 27th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.40 dividend on an annualized basis and a yield of 2.0%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 27.99%.
Insider Buying and Selling at FactSet Research Systems
In other news, Director Malcolm Frank sold 2,572 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $295.70, for a total value of $760,540.40. Following the completion of the sale, the director directly owned 879 shares of the company’s stock, valued at approximately $259,920.30. This trade represents a 74.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Laurie Siegel sold 2,572 shares of FactSet Research Systems stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $296.25, for a total transaction of $761,955.00. Following the sale, the director directly owned 1,037 shares in the company, valued at $307,211.25. The trade was a 71.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.20% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Evercore upped their target price on shares of FactSet Research Systems from $320.00 to $321.00 and gave the stock an “in-line” rating in a report on Thursday, January 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $320.00 price target on shares of FactSet Research Systems in a research report on Friday, December 19th. Raymond James Financial reiterated a “market perform” rating on shares of FactSet Research Systems in a research report on Thursday, December 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Monday, December 29th. Finally, Jefferies Financial Group restated a “hold” rating and set a $305.00 target price on shares of FactSet Research Systems in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $291.62.
Read Our Latest Stock Report on FDS
FactSet Research Systems Profile
FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.
The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.
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