Gulf International Bank UK Ltd reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 30.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,076 shares of the business services provider's stock after selling 908 shares during the quarter. Gulf International Bank UK Ltd's holdings in FactSet Research Systems were worth $943,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in FactSet Research Systems by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock valued at $2,180,160,000 after purchasing an additional 137,874 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in FactSet Research Systems by 4.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528,045 shares of the business services provider's stock valued at $240,070,000 after purchasing an additional 22,458 shares in the last quarter. JPMorgan Chase & Co. increased its stake in FactSet Research Systems by 0.9% during the 1st quarter. JPMorgan Chase & Co. now owns 505,761 shares of the business services provider's stock valued at $229,940,000 after purchasing an additional 4,693 shares in the last quarter. Invesco Ltd. increased its stake in FactSet Research Systems by 7.6% during the 1st quarter. Invesco Ltd. now owns 490,698 shares of the business services provider's stock valued at $223,091,000 after purchasing an additional 34,549 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in FactSet Research Systems by 40,436.2% during the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock valued at $195,536,000 after purchasing an additional 429,028 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have weighed in on FDS shares. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Morgan Stanley lifted their price target 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. BMO Capital Markets lifted their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research note on Friday, June 20th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, Evercore ISI reduced their price target 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. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $444.25.
Read Our Latest Analysis on FactSet Research Systems
Insider Activity at FactSet Research Systems
In related news, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 23,952 shares in the company, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the business'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 transaction of $1,106,500.00. Following the sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by company insiders.
FactSet Research Systems Stock Performance
NYSE FDS traded up $1.09 during trading hours on Monday, hitting $370.71. 465,027 shares of the company's stock traded hands, compared to its average volume of 394,161. The business's fifty day moving average price is $419.56 and its two-hundred day moving average price is $435.75. 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 firm has a market capitalization of $14.02 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.41 and a beta of 0.83. FactSet Research Systems Inc. has a 52 week low of $365.76 and a 52 week high of $499.87.
FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its 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%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.37 earnings per share. Equities research analysts predict 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. Investors 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 yield of 1.2%. The ex-dividend date is Friday, August 29th. FactSet Research Systems's payout ratio is 31.79%.
FactSet Research Systems Profile
(
Free Report)
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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