JPMorgan Chase & Co. Has $39.37 Million Stake in FactSet Research Systems Inc. $FDS

JPMorgan Chase & Co. reduced its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 67.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,408 shares of the business services provider’s stock after selling 281,332 shares during the quarter. JPMorgan Chase & Co. owned 0.37% of FactSet Research Systems worth $39,366,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc grew its position in shares of FactSet Research Systems by 61.9% in the 3rd quarter. IFP Advisors Inc now owns 680 shares of the business services provider’s stock valued at $195,000 after purchasing an additional 260 shares during the period. Swiss Life Asset Management Ltd raised its holdings in FactSet Research Systems by 16.8% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 10,687 shares of the business services provider’s stock worth $3,062,000 after buying an additional 1,536 shares during the period. Prana Capital Management LP bought a new position in FactSet Research Systems in the third quarter valued at approximately $822,000. CIBC Bancorp USA Inc. bought a new position in FactSet Research Systems in the third quarter valued at approximately $1,494,000. Finally, Captrust Financial Advisors boosted its holdings in shares of FactSet Research Systems by 24.1% in the third quarter. Captrust Financial Advisors now owns 6,214 shares of the business services provider’s stock valued at $1,780,000 after buying an additional 1,208 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 0.1%

FDS stock opened at $209.09 on Friday. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 2.14 and a beta of 0.75. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $474.79. The business has a 50 day moving average price of $231.40 and a two-hundred day moving average price of $270.82. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.63.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, December 18th. The business services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.36 by $0.15. The company had revenue of $607.62 million for the quarter, compared to analysts’ expectations of $599.69 million. FactSet Research Systems had a return on equity of 30.49% and a net margin of 25.40%.The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.37 EPS. Analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems announced that its board has initiated a share buyback plan on Thursday, December 18th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the business services provider to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, February 27th were paid a $1.10 dividend. The ex-dividend date was Friday, February 27th. This represents a $4.40 dividend on an annualized basis and a yield of 2.1%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 27.99%.

Insider Transactions at FactSet Research Systems

In other news, Director Malcolm Frank sold 2,572 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $295.70, for a total transaction of $760,540.40. Following the transaction, the director directly owned 879 shares in the company, valued at $259,920.30. The trade was a 74.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laurie Siegel sold 2,572 shares of the company’s 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 completion of the sale, the director directly owned 1,037 shares in the company, valued at approximately $307,211.25. The trade was a 71.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

FDS has been the topic of a number of research analyst reports. Evercore raised their price objective 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. Huber Research raised shares of FactSet Research Systems from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, December 19th. Morgan Stanley set a $307.00 target price on FactSet Research Systems and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. The Goldman Sachs Group dropped their price target on FactSet Research Systems from $282.00 to $253.00 and set a “sell” rating on the stock in a research note on Friday, December 19th. Finally, Bank of America assumed coverage on FactSet Research Systems in a research report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $285.69.

FactSet Research Systems Company 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.