Natixis Advisors LLC Has $41.98 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• Natixis Advisors LLC reduced its ownership in FactSet Research Systems by 10.7% during Q1, selling 11,015 shares and now holding 92,337 shares worth approximately $41.98 million.
• FactSet Research Systems reported Q2 earnings of $4.27 EPS, missing expectations by $0.03, but revenue increased by 5.9% year-over-year.
• Wall Street analysts have varied opinions on the stock, with a consensus rating of "Hold" and an average price target of $444.25, as three analysts rated it 'sell' and six as 'hold'.

Natixis Advisors LLC lessened its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 10.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,337 shares of the business services provider's stock after selling 11,015 shares during the quarter. Natixis Advisors LLC owned about 0.24% of FactSet Research Systems worth $41,980,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FDS. Cary Street Partners Financial LLC purchased a new position in shares of FactSet Research Systems in the fourth quarter worth approximately $29,000. American National Bank & Trust bought a new stake in shares of FactSet Research Systems during the first quarter valued at approximately $44,000. Golden State Wealth Management LLC raised its position in shares of FactSet Research Systems by 800.0% during the first 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 during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in FactSet Research Systems by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock worth $54,000 after purchasing an additional 28 shares during the last quarter. Finally, CX Institutional purchased a new stake in FactSet Research Systems in the first quarter worth about $60,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

Analyst Upgrades and Downgrades

FDS has been the subject of a number of research reports. Evercore ISI lowered their price objective 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. Morgan Stanley upped their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Wells Fargo & Company increased their price target on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. BMO Capital Markets upped their price objective on 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. Finally, Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $444.25.

Insider Activity

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer owned 44 shares in the company, valued at $19,474.40. This trade represents a 98.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was 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 approximately $2,013,650.79. This represents a 39.60% 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 worth $5,825,481. 1.10% of the stock is currently owned by corporate insiders.

FactSet Research Systems Stock Down 1.7%

FDS stock traded down $6.89 during trading on Tuesday, hitting $389.27. 330,718 shares of the company's stock were exchanged, compared to its average volume of 325,305. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 2.56 and a beta of 0.83. 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 business has a 50-day moving average price of $433.08 and a two-hundred day moving average price of $441.98. FactSet Research Systems Inc. has a 52-week low of $383.27 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $585.52 million during the quarter, compared to analysts' expectations of $580.70 million. During the same quarter in the prior year, the company earned $4.37 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

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.