US Bancorp DE Has $4.32 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• US Bancorp DE reduced its stake in FactSet Research Systems Inc. by 24.3%, holding 9,510 shares valued at approximately $4.32 million at the end of the reporting period.
• Several institutional investors, including Cary Street Partners Financial and Golden State Wealth Management, recently modified their holdings, indicating increased interest with some purchasing new stakes.
• FactSet reported quarterly earnings of $4.27 EPS, missing estimates slightly, but showed a revenue increase of 5.9% compared to the same quarter last year.

US Bancorp DE lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 24.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,510 shares of the business services provider's stock after selling 3,049 shares during the period. US Bancorp DE's holdings in FactSet Research Systems were worth $4,324,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 buying an additional 66,861 shares during the last quarter. GAMMA Investing LLC increased its position in shares of FactSet Research Systems by 40,436.2% in the first quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock valued at $195,536,000 after acquiring an additional 429,028 shares during the last quarter. Northern Trust Corp raised its holdings in FactSet Research Systems by 13.9% during the fourth quarter. Northern Trust Corp now owns 398,180 shares of the business services provider's stock worth $191,238,000 after acquiring an additional 48,444 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in FactSet Research Systems by 16.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 297,822 shares of the business services provider's stock valued at $143,038,000 after purchasing an additional 42,808 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in FactSet Research Systems by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 263,495 shares of the business services provider's stock valued at $126,557,000 after purchasing an additional 10,326 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction 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 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 document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total value 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. In the last 90 days, insiders have sold 13,031 shares of company stock worth $5,825,481. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Performance

FDS traded down $5.62 on Thursday, reaching $386.29. The company had a trading volume of 246,715 shares, compared to its average volume of 372,264. The stock has a market cap of $14.61 billion, a P/E ratio of 23.52, a P/E/G ratio of 2.56 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. FactSet Research Systems Inc. has a fifty-two week low of $383.27 and a fifty-two week high of $499.87. The company's fifty day moving average is $430.20 and its 200 day moving average is $441.26.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted 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 firm had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. During the same period in the previous year, the company posted $4.37 EPS. FactSet Research Systems's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.79%.

Analyst Ratings Changes

Several research analysts have weighed in on FDS shares. Morgan Stanley boosted their price target 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. BMO Capital Markets boosted their target price 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. 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 note on Friday, June 20th. Evercore ISI lowered their price objective on shares of 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. Finally, Wells Fargo & Company upped their target price on shares of FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems 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.