FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 6.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 189,577 shares of the business services provider's stock after purchasing an additional 12,198 shares during the period. Deutsche Bank AG owned 0.50% of FactSet Research Systems worth $86,189,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FDS. Crossmark Global Holdings Inc. grew its position 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 worth $368,000 after acquiring an additional 38 shares during the last quarter. QRG Capital Management Inc. increased its position in 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 valued at $609,000 after buying an additional 60 shares in the last quarter. Bessemer Group Inc. increased its position in 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 valued at $535,000 after buying an additional 870 shares in the last quarter. Teacher Retirement System of Texas bought a new position in FactSet Research Systems during the 1st quarter valued at approximately $2,528,000. Finally, Golden State Wealth Management LLC increased its position in 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 valued at $45,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Price Performance

FDS traded down $2.97 during trading on Friday, reaching $371.99. The company's stock had a trading volume of 49,447 shares, compared to its average volume of 327,079. 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 firm has a fifty day simple moving average of $421.94 and a two-hundred day simple moving average of $437.60. FactSet Research Systems Inc. has a 1 year low of $367.36 and a 1 year high of $499.87. The company has a market cap of $14.06 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 2.46 and a beta of 0.83.

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 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $580.70 million. During the same period in the previous year, the firm posted $4.37 EPS. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. BMO Capital Markets lifted their price objective on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Royal Bank Of Canada restated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, June 20th. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Finally, Morgan Stanley boosted their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Three investment 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 has a consensus rating of "Hold" and a consensus price target of $444.25.

Insiders Place Their Bets

In other FactSet Research Systems news, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $451.39, for a total value of $1,320,315.75. Following the completion of the transaction, the director owned 4,461 shares in the company, valued at $2,013,650.79. The trade was a 39.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the transaction, the chief accounting officer owned 44 shares of the company's stock, valued at approximately $19,474.40. The trade was a 98.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,031 shares of company stock worth $5,825,481 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

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.