Invesco Ltd. Buys 34,549 Shares of FactSet Research Systems Inc. $FDS

Invesco Ltd. lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 490,698 shares of the business services provider's stock after purchasing an additional 34,549 shares during the quarter. Invesco Ltd. owned approximately 1.29% of FactSet Research Systems worth $223,091,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. boosted its stake in FactSet Research Systems by 4.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider's stock valued at $368,000 after buying an additional 38 shares in the last quarter. QRG Capital Management Inc. boosted its stake in FactSet Research Systems by 4.7% in 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. boosted its stake in FactSet Research Systems by 284.3% in 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 acquired a new stake in FactSet Research Systems in the 1st quarter valued at $2,528,000. Finally, 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 valued at $45,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded down $0.32 on Monday, reaching $369.31. The company's stock had a trading volume of 173,506 shares, compared to its average volume of 328,992. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $13.96 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.41 and a beta of 0.83. The business's fifty day moving average price is $420.68 and its 200 day moving average price is $436.47. FactSet Research Systems Inc. has a twelve month low of $365.76 and a twelve month high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued 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). 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 analyst estimates of $580.70 million. During the same period last year, the company earned $4.37 EPS. The company's revenue was up 5.9% compared to the same quarter last year. Equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be paid 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 of this dividend is Friday, August 29th. FactSet Research Systems's dividend payout ratio is 31.79%.

Insider Activity

In other news, EVP Christopher R. Ellis sold 7,606 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the transaction, the executive vice president owned 23,952 shares of the company's stock, valued at $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James J. Mcgonigle sold 2,925 shares of the company'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 transaction, the director directly owned 4,461 shares in the company, valued at $2,013,650.79. This trade represents a 39.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,031 shares of company stock valued at $5,825,481 over the last 90 days. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on FDS. Wells Fargo & Company boosted their price target on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. Morgan Stanley boosted their price target on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. Evercore ISI reduced their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research note on Monday, June 16th. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Finally, BMO Capital Markets boosted their price objective on 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. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of "Hold" and a consensus price target 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.