FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp increased its stake in FactSet Research Systems by 21.3%, bringing its total holdings to 7,476 shares worth approximately $3.40 million.
• Several other institutional investors also made moves in FactSet, with notable increases including Golden State Wealth Management, which raised its position by 800%.
• FactSet recently reported a quarterly EPS of $4.27, missing estimates by $0.03, despite a 5.9% year-over-year increase in revenue.

Mackenzie Financial Corp grew its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 21.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,476 shares of the business services provider's stock after purchasing an additional 1,315 shares during the period. Mackenzie Financial Corp's holdings in FactSet Research Systems were worth $3,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kolinsky Wealth Management LLC raised its holdings in shares of FactSet Research Systems by 3.2% during the 4th quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock worth $355,000 after acquiring an additional 23 shares during the period. Fifth Third Bancorp raised its stake in FactSet Research Systems by 1.6% during the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider's stock worth $668,000 after purchasing an additional 23 shares during the period. Geller Advisors LLC boosted its holdings in FactSet Research Systems by 5.6% in the 4th quarter. Geller Advisors LLC now owns 468 shares of the business services provider's stock valued at $225,000 after purchasing an additional 25 shares during the last quarter. Birch Capital Management LLC grew its stake in shares of FactSet Research Systems by 0.3% in the 1st quarter. Birch Capital Management LLC now owns 8,611 shares of the business services provider's stock valued at $3,915,000 after buying an additional 25 shares during the period. Finally, Alps Advisors Inc. increased its holdings in shares of FactSet Research Systems by 3.1% during the 1st quarter. Alps Advisors Inc. now owns 822 shares of the business services provider's stock worth $374,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was 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 approximately $19,474.40. This trade represents a 98.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of the 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 trade represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,031 shares of company stock valued at $5,825,481. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on FDS shares. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Evercore ISI cut their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research report on Monday, June 16th. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Morgan Stanley increased their target price 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. Finally, Wells Fargo & Company boosted their price target 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. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems Stock Up 1.2%

FDS traded up $4.80 on Monday, hitting $396.13. 374,481 shares of the company were exchanged, compared to its average volume of 325,326. 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 cap of $14.98 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 2.56 and a beta of 0.83. The firm has a 50-day moving average price of $434.43 and a two-hundred day moving average price of $442.45. FactSet Research Systems Inc. has a twelve month low of $389.08 and a twelve month high of $499.87.

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 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 during the quarter, compared to analyst estimates of $580.70 million. During the same period last year, the business earned $4.37 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. On average, equities analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

About FactSet Research Systems

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.