Forsta AP Fonden Buys 2,800 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• Forsta AP Fonden increased its holdings in FactSet Research Systems by 27.7%, acquiring an additional 2,800 shares to reach a total of 12,900 shares valued at approximately $5,865,000.
• FactSet reported a quarterly earnings miss with $4.27 earnings per share, slightly below the consensus estimate of $4.30, despite a revenue of $585.52 million.
• The company announced a quarterly dividend of $1.10 per share, which will be paid on September 18th, representing an annual yield of 1.2%.

Forsta AP Fonden grew its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 27.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,900 shares of the business services provider's stock after purchasing an additional 2,800 shares during the quarter. Forsta AP Fonden's holdings in FactSet Research Systems were worth $5,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Cary Street Partners Financial LLC purchased a new position in shares of FactSet Research Systems in the fourth quarter worth $29,000. American National Bank & Trust purchased a new position in shares of FactSet Research Systems in the first quarter worth $44,000. Bank of Jackson Hole Trust lifted its holdings in shares of FactSet Research Systems by 187.9% in 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 lifted its holdings in shares of FactSet Research Systems by 800.0% in the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock worth $45,000 after buying an additional 88 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of FactSet Research Systems by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock worth $54,000 after buying an additional 28 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction 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 represents a 98.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James J. Mcgonigle sold 2,925 shares of the stock in a transaction on Monday, July 14th. The shares were 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 directly owned 4,461 shares in the company, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,031 shares of company stock valued at $5,825,481. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, June 20th. Evercore ISI lowered 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 report on Monday, June 16th. Wells Fargo & Company boosted their target price on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Finally, Morgan Stanley upped their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company 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 issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded down $2.62 during mid-day trading on Friday, reaching $372.35. 64,617 shares of the company's stock traded hands, compared to its average volume of 327,176. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 2.46 and a beta of 0.83. The stock has a 50 day moving average of $421.94 and a two-hundred day moving average of $437.60. 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 Inc. has a 12-month low of $367.36 and a 12-month high of $499.87.

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 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 business 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 company earned $4.37 EPS. FactSet Research Systems's revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be paid a $1.10 dividend. 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 is currently 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.