Charles Schwab Investment Management Inc. Purchases 13,739 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in FactSet Research Systems Inc. by 3.6%, owning a total of 396,173 shares valued at approximately $180.11 million.
• Various institutional investors, including Bank of Montreal Can and Invesco Ltd., also increased their holdings in FactSet, showcasing strong interest in the company.
• FactSet recently announced a quarterly dividend of $1.10 per share, with an annualized yield of 1.2%, indicating a payout ratio of 31.79%.

Charles Schwab Investment Management Inc. grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 396,173 shares of the business services provider's stock after purchasing an additional 13,739 shares during the period. Charles Schwab Investment Management Inc. owned about 1.04% of FactSet Research Systems worth $180,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FDS. Crossmark Global Holdings Inc. boosted its position in shares of 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 worth $368,000 after acquiring an additional 38 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of FactSet Research Systems by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock worth $609,000 after acquiring an additional 60 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of FactSet Research Systems by 284.3% during the 1st quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock worth $535,000 after acquiring an additional 870 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of FactSet Research Systems during the 1st quarter worth approximately $2,528,000. Finally, Golden State Wealth Management LLC boosted its position in shares of FactSet Research Systems by 800.0% during the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock worth $45,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the completion of the transaction, the chief accounting officer owned 44 shares of the company's stock, valued at $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction on 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 transaction, the executive vice president directly owned 23,952 shares of the company's stock, valued at $10,702,711.68. This represents a 24.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,031 shares of company stock valued at $5,825,481. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FDS shares. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Evercore ISI dropped their price objective on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research note on Monday, June 16th. Wells Fargo & Company increased their price objective on shares of FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $444.25.

FactSet Research Systems Trading Down 0.9%

Shares of FDS stock traded down $3.42 during trading hours on Thursday, hitting $372.78. 82,900 shares of the company's stock traded hands, compared to its average volume of 327,585. The stock's 50 day simple moving average is $423.07 and its 200 day simple moving average is $438.29. The stock has a market cap of $14.09 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 2.42 and a beta of 0.83. FactSet Research Systems Inc. has a 12 month low of $367.36 and a 12 month high of $499.87. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). The business had revenue of $585.52 million for 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 was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.37 EPS. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.79%.

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.