Citigroup Inc. Has $33.09 Million Stake in FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• Citigroup Inc. significantly increased its holdings in FactSet Research Systems Inc. by 88.3%, acquiring 34,129 shares and bringing its total ownership to 72,773 shares valued at approximately $33.1 million.
• FactSet recently reported earnings of $4.27 per share, slightly below the consensus estimate of $4.30, despite a revenue increase of 5.9% year-over-year to $585.52 million.
• The company announced a quarterly dividend of $1.10 per share, reflecting an annualized dividend of $4.40 and a yield of 1.2%, with the dividend payout ratio being 31.79%.

Citigroup Inc. increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 88.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,773 shares of the business services provider's stock after acquiring an additional 34,129 shares during the quarter. Citigroup Inc. owned approximately 0.19% of FactSet Research Systems worth $33,086,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDS. Cary Street Partners Financial LLC acquired a new stake in FactSet Research Systems during the fourth quarter worth about $29,000. American National Bank & Trust acquired a new position in shares of FactSet Research Systems during the first quarter valued at approximately $44,000. Bank of Jackson Hole Trust boosted its holdings in FactSet Research Systems by 187.9% during the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock worth $44,000 after buying an additional 62 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in FactSet Research Systems by 800.0% in the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock worth $45,000 after purchasing an additional 88 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in FactSet Research Systems by 31.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock worth $54,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on FDS shares. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Royal Bank Of Canada reaffirmed 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. Wells Fargo & Company raised their price objective on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research note 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. Finally, UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, FactSet Research Systems currently has an average rating of "Hold" and an average target price of $444.25.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction dated 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 sale, the chief accounting officer directly owned 44 shares in the company, valued at approximately $19,474.40. The trade was a 98.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction 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. This trade represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,031 shares of company stock worth $5,825,481. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Performance

FDS traded down $4.91 during trading on Friday, hitting $370.05. The stock had a trading volume of 491,794 shares, compared to its average volume of 390,636. The firm has a market cap of $13.99 billion, a PE ratio of 26.74, a P/E/G ratio of 2.45 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 current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The company has a 50 day simple moving average of $420.68 and a 200-day simple moving average of $436.91.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted 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 company had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.37 earnings per share. Analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

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