FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has increased its stake in FactSet Research Systems by 3.0% during the first quarter, now owning approximately 12.64% of the company, valued at $2.18 billion.
• FactSet recently announced a quarterly dividend of $1.10 per share, which will be paid on September 18th, representing an annual yield of 1.2%.
• The company's latest quarterly earnings report indicated an EPS of $4.27, missing analysts' estimates slightly while revenue was up 5.9% year-over-year.

Vanguard Group Inc. lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,795,354 shares of the business services provider's stock after acquiring an additional 137,874 shares during the period. Vanguard Group Inc. owned approximately 12.64% of FactSet Research Systems worth $2,180,160,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Cary Street Partners Financial LLC purchased a new position in shares of FactSet Research Systems in the fourth quarter valued at $29,000. Bank of Jackson Hole Trust boosted its stake in shares of FactSet Research Systems by 187.9% in the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock valued at $44,000 after purchasing an additional 62 shares during the period. American National Bank & Trust purchased a new position in shares of FactSet Research Systems in the first quarter valued at $44,000. Golden State Wealth Management LLC boosted its stake in shares of FactSet Research Systems by 800.0% in the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after purchasing an additional 88 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in FactSet Research Systems by 31.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Analyst Ratings Changes

FDS has been the topic of a number of research analyst reports. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Evercore ISI reduced 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. Morgan Stanley raised their price target 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 restated 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 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 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $444.25.

FactSet Research Systems Stock Performance

Shares of FDS stock traded down $3.42 during trading hours on Thursday, reaching $372.78. The stock had a trading volume of 82,900 shares, compared to its average volume of 327,585. 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 twelve month low of $367.36 and a twelve month high of $499.87. The firm has a 50-day simple moving average of $423.07 and a 200-day simple moving average of $438.29. The firm has a market capitalization of $14.09 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 2.42 and a beta of 0.83.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data 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). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The firm had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. During the same period last year, the business earned $4.37 EPS. The firm's revenue was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend 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%.

Insider Buying and Selling

In other FactSet Research Systems news, Director James J. Mcgonigle sold 2,925 shares of the firm's stock in a transaction dated 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 transaction, the director owned 4,461 shares of the company's stock, valued at approximately $2,013,650.79. This trade represents a 39.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the transaction, the chief accounting officer directly owned 44 shares in the company, valued at approximately $19,474.40. The trade was a 98.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,031 shares of company stock valued at $5,825,481 in the last quarter. Company insiders own 1.10% of the company's stock.

FactSet Research Systems Company 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.