ASR Vermogensbeheer N.V. Invests $512,000 in FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• ASR Vermogensbeheer N.V. acquired 1,126 shares of FactSet Research Systems Inc. for approximately $512,000 in the first quarter of the year.
• Analysts have mixed ratings on FactSet stock, with a consensus rating of "Hold" and a consensus price target of $444.25.
• The company has declared a quarterly dividend of $1.10, which is set to be paid on September 18th, reflecting an annualized yield of 1.2%.

ASR Vermogensbeheer N.V. bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,126 shares of the business services provider's stock, valued at approximately $512,000.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in FactSet Research Systems by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock valued at $2,180,160,000 after buying an additional 137,874 shares in the last quarter. Invesco Ltd. grew its holdings in shares of FactSet Research Systems by 17.2% during the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock worth $219,079,000 after purchasing an additional 66,861 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of FactSet Research Systems by 40,436.2% during the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock worth $195,536,000 after purchasing an additional 429,028 shares in the last quarter. Northern Trust Corp grew its holdings in shares of FactSet Research Systems by 13.9% during the 4th quarter. Northern Trust Corp now owns 398,180 shares of the business services provider's stock worth $191,238,000 after purchasing an additional 48,444 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of FactSet Research Systems by 16.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 297,822 shares of the business services provider's stock worth $143,038,000 after purchasing an additional 42,808 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 7,606 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the transaction, the executive vice president directly owned 23,952 shares in the company, valued at $10,702,711.68. This trade represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of the firm's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the transaction, the director owned 4,461 shares of the company's stock, valued at $2,013,650.79. This trade represents a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is currently owned by insiders.

FactSet Research Systems Trading Down 0.9%

FactSet Research Systems stock traded down $3.42 during trading hours on Thursday, hitting $372.78. The stock had a trading volume of 82,900 shares, compared to its average volume of 327,585. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 2.42 and a beta of 0.83. FactSet Research Systems Inc. has a one year low of $367.36 and a one year high of $499.87. The business's 50 day simple moving average is $423.07 and its 200-day simple moving average is $438.29.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing the consensus estimate of $4.30 by ($0.03). The firm had revenue of $585.52 million during the quarter, compared to the consensus estimate of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.37 earnings per share. On average, equities analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be given a $1.10 dividend. The ex-dividend date is Friday, August 29th. This represents a $4.40 annualized dividend and a yield of 1.2%. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.79%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FDS shares. Morgan Stanley increased their target price on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. BMO Capital Markets upped their price objective on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research report on Friday, June 20th. Finally, Wells Fargo & Company upped their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems 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.