PFG Advisors Boosts Position in FactSet Research Systems Inc. (NYSE:FDS)

PFG Advisors boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 46.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,455 shares of the business services provider's stock after acquiring an additional 1,419 shares during the quarter. PFG Advisors' holdings in FactSet Research Systems were worth $2,025,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FDS. Geode Capital Management LLC increased its stake in FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock valued at $527,411,000 after purchasing an additional 94,668 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in FactSet Research Systems by 3.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider's stock valued at $240,184,000 after purchasing an additional 16,522 shares in the last quarter. JPMorgan Chase & Co. increased its stake in FactSet Research Systems by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider's stock valued at $240,653,000 after purchasing an additional 7,718 shares in the last quarter. Invesco Ltd. increased its stake in FactSet Research Systems by 17.2% in the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock valued at $219,079,000 after purchasing an additional 66,861 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in 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. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insider Buying and Selling

In related news, Director James J. Mcgonigle sold 2,925 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 4,461 shares of the company's stock, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the transaction, the executive vice president directly owned 23,952 shares of the company's stock, valued at $10,702,711.68. This trade represents 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. Insiders own 1.10% of the company's stock.

FactSet Research Systems Trading Down 0.5%

FDS stock traded down $2.10 during midday trading on Friday, hitting $419.36. The stock had a trading volume of 348,127 shares, compared to its average volume of 285,974. The firm has a market cap of $15.86 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 2.74 and a beta of 0.84. 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 Inc. has a 12-month low of $391.69 and a 12-month high of $499.87. The company's 50-day moving average price is $440.41 and its 200 day moving average price is $444.24.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing the consensus estimate of $4.30 by ($0.03). The firm had revenue of $585.52 million during 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 revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.37 earnings per share. On average, equities research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were given a dividend of $1.10 per share. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.40 annualized dividend and a yield of 1.05%. FactSet Research Systems's dividend payout ratio is 31.79%.

Wall Street Analyst Weigh In

FDS has been the subject of several research reports. Morgan Stanley lifted their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Wells Fargo & Company upped their target price on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Royal Bank Of Canada reaffirmed 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, Evercore ISI reduced their target price on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research note on Monday, June 16th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $444.25.

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.