Jensen Investment Management Inc. Has $4.73 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• Jensen Investment Management Inc. has reduced its holdings in FactSet Research Systems by 13.3%, now owning 10,400 shares valued at $4.73 million.
• Institutional investors and hedge funds own 91.24% of FactSet's stock, indicating strong institutional confidence in the company.
• FactSet reported $4.27 EPS for the recent quarter, missing analysts' estimates slightly, with a net margin of 23.30% and a year-over-year revenue increase of 5.9%.

Jensen Investment Management Inc. trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 13.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,400 shares of the business services provider's stock after selling 1,600 shares during the quarter. Jensen Investment Management Inc.'s holdings in FactSet Research Systems were worth $4,728,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of FactSet Research Systems in the fourth quarter valued at approximately $12,132,000. Arrowstreet Capital Limited Partnership acquired a new position in FactSet Research Systems during the fourth quarter worth approximately $5,882,000. Franklin Resources Inc. increased its position in FactSet Research Systems by 68.7% during the fourth quarter. Franklin Resources Inc. now owns 20,768 shares of the business services provider's stock worth $9,974,000 after purchasing an additional 8,454 shares during the last quarter. World Investment Advisors acquired a new position in FactSet Research Systems during the fourth quarter worth approximately $258,000. Finally, Resona Asset Management Co. Ltd. acquired a new position in FactSet Research Systems during the fourth quarter worth approximately $5,722,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on FDS shares. Morgan Stanley upped their target price 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. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Evercore ISI decreased their target price 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. Royal Bank Of Canada restated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company 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. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $444.25.

FactSet Research Systems Stock Down 1.1%

FDS traded down $4.42 on Friday, reaching $382.25. 219,024 shares of the company traded hands, compared to its average volume of 371,832. The stock's 50 day moving average price is $427.12 and its 200-day moving average price is $440.16. FactSet Research Systems Inc. has a 52-week low of $381.30 and a 52-week high of $499.87. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 2.53 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47.

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). The business had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems's revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.37 earnings per share. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. FactSet Research Systems's payout ratio is presently 31.79%.

Insider Transactions at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 7,606 shares of the company's stock in a transaction 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 transaction, the executive vice president directly owned 23,952 shares in the company, valued at $10,702,711.68. This represents a 24.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of the company's stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by insiders.

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.