FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in FactSet Research Systems by 9.9%, owning 83,515 shares after purchasing an additional 7,529 shares.
• The recent quarterly earnings report showed a slight earnings miss with $4.27 EPS, but revenue increased by 5.9% year-over-year to $585.52 million.
• FactSet Research Systems' stock has decreased by 2.9%, with a 52-week trading range between $389.08 and $499.87.

LPL Financial LLC grew its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 9.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,515 shares of the business services provider's stock after purchasing an additional 7,529 shares during the quarter. LPL Financial LLC owned approximately 0.22% of FactSet Research Systems worth $37,969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FDS. GAMMA Investing LLC raised its holdings in shares of FactSet Research Systems by 40,436.2% in 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. Point72 Asset Management L.P. purchased a new position in shares of FactSet Research Systems during the fourth quarter worth about $66,368,000. Vest Financial LLC acquired a new stake in shares of FactSet Research Systems during the first quarter worth about $52,445,000. Geode Capital Management LLC increased its position in shares of FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after purchasing an additional 94,668 shares in the last quarter. Finally, Meridiem Capital Partners LP acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth about $41,241,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other FactSet Research Systems news, 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 transaction, the director directly owned 4,461 shares in the company, valued at $2,013,650.79. This represents a 39.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $1,106,500.00. Following the transaction, the chief accounting officer owned 44 shares in the company, 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 three months, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is currently owned by company insiders.

FactSet Research Systems Price Performance

FDS stock traded up $4.80 during trading on Monday, reaching $396.13. 374,481 shares of the company were exchanged, compared to its average volume of 339,760. The company has a market cap of $14.98 billion, a P/E ratio of 28.62, a PEG ratio of 2.56 and a beta of 0.83. FactSet Research Systems Inc. has a 52-week low of $389.08 and a 52-week high of $499.87. The stock's 50 day moving average price is $434.43 and its 200 day moving average price is $442.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The company had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $4.37 EPS. As a group, analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FDS shares. Wells Fargo & Company lifted their target price on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. BMO Capital Markets raised their price objective on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research report on Friday, June 20th. Evercore ISI lowered their price objective on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research report on Monday, June 16th. Finally, UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $444.25.

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.