Savvy Advisors Inc. Buys New Position in FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• Savvy Advisors Inc. has acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS), purchasing 659 shares valued at approximately $300,000 in the first quarter.
• FactSet recently reported a quarterly EPS of $4.27, missing the consensus estimate by $0.03, while revenue increased by 5.9% compared to the previous year.
• The company declared a quarterly dividend of $1.10 per share, reflecting a yield of 1.2% and a payout ratio of 31.79%.

Savvy Advisors Inc. acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 659 shares of the business services provider's stock, valued at approximately $300,000.

A number of other hedge funds also recently made changes to their positions in the stock. Citigroup Inc. lifted its holdings in shares of FactSet Research Systems by 88.3% during the 1st quarter. Citigroup Inc. now owns 72,773 shares of the business services provider's stock worth $33,086,000 after acquiring an additional 34,129 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of FactSet Research Systems by 4.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528,045 shares of the business services provider's stock worth $240,070,000 after acquiring an additional 22,458 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of FactSet Research Systems by 6.9% during the 1st quarter. Deutsche Bank AG now owns 189,577 shares of the business services provider's stock worth $86,189,000 after acquiring an additional 12,198 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of FactSet Research Systems by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 396,173 shares of the business services provider's stock worth $180,116,000 after acquiring an additional 13,739 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. bought a new stake in shares of FactSet Research Systems during the 1st quarter worth $512,000. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Trading Down 0.7%

Shares of FDS traded down $2.62 during trading hours on Friday, reaching $372.35. 64,617 shares of the company traded hands, compared to its average volume of 327,176. The company's fifty day moving average price is $421.94 and its two-hundred day moving average price is $437.60. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 2.46 and a beta of 0.83. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 12 month low of $367.36 and a 12 month high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share 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 the consensus estimate of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.37 EPS. Equities research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. FactSet Research Systems's dividend payout ratio (DPR) is 31.79%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FDS shares. BMO Capital Markets lifted 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 report on Friday, June 20th. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Morgan Stanley lifted 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 report on Friday, June 20th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, June 20th. Finally, Wells Fargo & Company raised 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. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $444.25.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the transaction, the chief accounting officer directly owned 44 shares of the company's stock, valued at approximately $19,474.40. The trade was a 98.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 23,952 shares of the company's stock, valued at $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,031 shares of company stock valued at $5,825,481 in the last three months. Company insiders own 1.10% of the company's stock.

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.