FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Texas Yale Capital Corp.

Key Points

• Texas Yale Capital Corp. increased its holdings in FactSet Research Systems by 67.1%, owning 2,432 shares valued at approximately $1.1 million by the end of the reporting period.
• FactSet's quarterly earnings missed analysts' expectations, reporting $4.27 EPS versus the forecast of $4.30 EPS, but showed a 5.9% increase in revenue year-over-year.
• The company announced a quarterly dividend increase to $1.10, resulting in an annualized rate of $4.40 and a dividend yield of 1.05%.

Texas Yale Capital Corp. boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 67.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,432 shares of the business services provider's stock after buying an additional 977 shares during the period. Texas Yale Capital Corp.'s holdings in FactSet Research Systems were worth $1,106,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FDS. GAMMA Investing LLC boosted its stake in FactSet Research Systems by 40,436.2% in the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock worth $195,536,000 after buying an additional 429,028 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in FactSet Research Systems in the 4th quarter worth about $66,368,000. Vest Financial LLC acquired a new stake in FactSet Research Systems in the 1st quarter worth about $52,445,000. Geode Capital Management LLC boosted its stake in FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after buying an additional 94,668 shares during the last quarter. Finally, Meridiem Capital Partners LP acquired a new stake in FactSet Research Systems in the 4th quarter worth about $41,241,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other FactSet Research Systems news, Director James J. Mcgonigle sold 2,925 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 4,461 shares in the company, valued at $2,013,650.79. This trade represents a 39.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total value of $1,106,500.00. Following the sale, the chief accounting officer owned 44 shares of the company's stock, valued at approximately $19,474.40. This trade represents a 98.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is currently owned by corporate insiders.

FactSet Research Systems Price Performance

FDS stock opened at $419.36 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87. The firm has a market cap of $15.86 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 2.74 and a beta of 0.84. The stock has a 50-day simple moving average of $440.41 and a 200-day simple moving average of $444.14.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results 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 company had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. During the same quarter last year, the business posted $4.37 EPS. FactSet Research Systems's quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio (DPR) is 31.79%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FDS. Wells Fargo & Company raised their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. BMO Capital Markets raised 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. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Morgan Stanley raised their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Finally, Evercore ISI cut their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a report on Monday, June 16th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average 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.

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