Banco Santander S.A. Purchases 1,997 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• Banco Santander S.A. increased its stake in FactSet Research Systems Inc. by 22.1%, owning 11,023 shares valued at approximately $5 million following the purchase of an additional 1,997 shares.
• FactSet Research Systems reported $4.27 EPS for the recent quarter, which was slightly below the consensus estimate of $4.30 EPS, though revenue was up 5.9% year-over-year.
• Analysts have mostly rated FactSet Research Systems with a "Hold," with an average price target of $444.25, indicating a mixed outlook for the stock's performance.

Banco Santander S.A. grew its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 22.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,023 shares of the business services provider's stock after purchasing an additional 1,997 shares during the quarter. Banco Santander S.A.'s holdings in FactSet Research Systems were worth $5,011,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Crossmark Global Holdings Inc. lifted its stake in FactSet Research Systems by 4.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider's stock valued at $368,000 after acquiring an additional 38 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of FactSet Research Systems by 4.7% during the first quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock valued at $609,000 after purchasing an additional 60 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of FactSet Research Systems by 284.3% during the first quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock valued at $535,000 after purchasing an additional 870 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of FactSet Research Systems during the first quarter valued at about $2,528,000. Finally, Golden State Wealth Management LLC lifted its position in shares of FactSet Research Systems by 800.0% during the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

Insider Activity

In related news, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the sale, the director directly owned 4,461 shares in the company, valued at approximately $2,013,650.79. The trade was a 39.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total value of $3,398,665.04. Following the sale, the executive vice president owned 23,952 shares in the company, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,031 shares of company stock valued at $5,825,481 over the last quarter. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Evercore ISI dropped their target price on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research report on Monday, June 16th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Morgan Stanley lifted their price target on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, BMO Capital Markets lifted their target price on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research note on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, FactSet Research Systems presently has a consensus rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems Stock Performance

Shares of FDS traded down $10.36 during mid-day trading on Tuesday, hitting $385.81. The stock had a trading volume of 134,394 shares, compared to its average volume of 323,602. The firm has a market cap of $14.59 billion, a P/E ratio of 27.97, a PEG ratio of 2.56 and a beta of 0.83. The business has a fifty day moving average price of $433.08 and a 200-day moving average price of $441.98. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. FactSet Research Systems Inc. has a 52 week low of $383.27 and a 52 week high of $499.87.

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

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.