Skandinaviska Enskilda Banken AB publ Increases Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• Skandinaviska Enskilda Banken AB publ increased its stake in FactSet Research Systems by 10.7%, now holding 8,298 shares worth approximately $3.77 million as of the last SEC filing.
• FactSet recently announced a quarterly dividend increase from $1.04 to $1.10 per share, with an annualized yield of 1.06% and a payout ratio of 31.79%.
• The company reported earnings per share of $4.27 for the last quarter, missing analysts' expectations, although revenue grew by 5.9% compared to the previous year.

Skandinaviska Enskilda Banken AB publ boosted its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 10.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,298 shares of the business services provider's stock after purchasing an additional 800 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in FactSet Research Systems were worth $3,773,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FDS. Cary Street Partners Financial LLC acquired a new position in FactSet Research Systems in the 4th quarter worth about $29,000. American National Bank & Trust bought a new stake in shares of FactSet Research Systems in the 1st quarter valued at about $44,000. Golden State Wealth Management LLC grew its position in shares of FactSet Research Systems by 800.0% in the 1st 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 grew its position in shares of FactSet Research Systems by 31.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after buying an additional 28 shares during the last quarter. Finally, CX Institutional bought a new stake in shares of FactSet Research Systems in the 1st quarter valued at about $60,000. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Trading Down 3.2%

Shares of FactSet Research Systems stock traded down $12.88 on Friday, hitting $390.02. 158,369 shares of the company's stock traded hands, compared to its average volume of 322,763. FactSet Research Systems Inc. has a one year low of $389.09 and a one year high of $499.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. The company has a fifty day moving average of $435.88 and a two-hundred day moving average of $443.07. The company has a market capitalization of $14.75 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 2.67 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced 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). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The business had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. During the same quarter in the previous year, the company earned $4.37 EPS. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

Insiders Place Their Bets

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 value of $1,106,500.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James J. Mcgonigle sold 2,925 shares of the firm'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 value of $1,320,315.75. Following the completion of the sale, the director directly owned 4,461 shares of the company's stock, valued at $2,013,650.79. This trade represents a 39.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,031 shares of company stock worth $5,825,481. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented 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. Morgan Stanley upped their price target on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research report on Friday, June 20th. Evercore ISI reduced their price target on 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. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, June 20th. Finally, Wells Fargo & Company upped their price target on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a research 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's stock. According to MarketBeat.com, FactSet Research Systems presently has an average rating of "Hold" and an average target price of $444.25.

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.