JPMorgan Chase & Co. Buys 4,693 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• JPMorgan Chase & Co. increased its stake in FactSet Research Systems by 4,693 shares, now owning approximately 1.33% of the company, valued at $229.9 million.
• FactSet reported Q2 earnings of $4.27 per share, slightly missing analyst expectations, though revenue was up 5.9% year-over-year at $585.52 million.
• The company declared a quarterly dividend of $1.10 per share, which will be paid on September 18th, reflecting an annualized yield of 1.2% with a payout ratio of 31.79%.

JPMorgan Chase & Co. increased its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 505,761 shares of the business services provider's stock after buying an additional 4,693 shares during the period. JPMorgan Chase & Co. owned 1.33% of FactSet Research Systems worth $229,940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of FactSet Research Systems by 3.0% in the first quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock valued at $2,180,160,000 after buying an additional 137,874 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of FactSet Research Systems by 4.4% in the first 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 buying an additional 22,458 shares in the last quarter. GAMMA Investing LLC raised its position in shares of FactSet Research Systems by 40,436.2% in the first quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock valued at $195,536,000 after buying an additional 429,028 shares in the last quarter. Northern Trust Corp raised its position in shares of FactSet Research Systems by 13.9% in the fourth quarter. Northern Trust Corp now owns 398,180 shares of the business services provider's stock valued at $191,238,000 after buying an additional 48,444 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of FactSet Research Systems by 3.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 396,173 shares of the business services provider's stock valued at $180,116,000 after buying an additional 13,739 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FDS shares. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Wells Fargo & Company lifted their price objective on shares of 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 lifted their price objective 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. BMO Capital Markets lifted 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. Finally, Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $444.25.

FactSet Research Systems Price Performance

FDS traded down $4.91 on Friday, reaching $370.05. The stock had a trading volume of 491,794 shares, compared to its average volume of 390,636. FactSet Research Systems Inc. has a fifty-two week low of $367.36 and a fifty-two week high of $499.87. The firm has a 50-day moving average of $420.68 and a 200-day moving average of $436.71. 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 company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 2.41 and a beta of 0.83.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued 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 return on equity of 31.59% and a net margin of 23.30%. The firm had revenue of $585.52 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The business 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 $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 presently 31.79%.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of 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 filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total value of $3,398,665.04. Following the sale, the executive vice president owned 23,952 shares in the company, valued at approximately $10,702,711.68. The trade was a 24.10% 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 valued at $5,825,481. Company insiders own 1.10% of the company's stock.

FactSet Research Systems Company 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.