XTX Topco Ltd Purchases Shares of 4,769 FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• XTX Topco Ltd made a significant investment of $2.17 million in FactSet Research Systems by acquiring 4,769 shares during the first quarter.
• FactSet's stock saw a recent downgrade, with Wells Fargo raising its target price to $405 but maintaining an "underweight" rating, while BMO Capital Markets set their new target at $452 with a "market perform" rating.
• Insider trading activity included notable sales, with Director James J. Mcgonigle selling 2,925 shares for over $1.3 million, reflecting a significant decrease in ownership.

XTX Topco Ltd purchased a new position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,769 shares of the business services provider's stock, valued at approximately $2,168,000.

Several other large investors have also recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in FactSet Research Systems by 9.4% during 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. Invesco Ltd. boosted its stake in shares of FactSet Research Systems by 17.2% in the fourth quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock worth $219,079,000 after buying an additional 66,861 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 worth $195,536,000 after buying an additional 429,028 shares during the last quarter. Northern Trust Corp raised its holdings in FactSet Research Systems by 13.9% in the 4th quarter. Northern Trust Corp now owns 398,180 shares of the business services provider's stock worth $191,238,000 after purchasing an additional 48,444 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in FactSet Research Systems by 16.8% in the 4th 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 worth $143,038,000 after purchasing an additional 42,808 shares during the period. 91.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FDS. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. 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. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Evercore ISI dropped their price target on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research report on Monday, June 16th. Finally, 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. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $444.25.

FactSet Research Systems Trading Down 2.9%

Shares of FDS traded down $11.79 during midday trading on Friday, hitting $391.11. 470,165 shares of the stock were exchanged, compared to its average volume of 316,252. FactSet Research Systems Inc. has a 52-week low of $389.08 and a 52-week high of $499.87. The stock has a fifty day simple moving average of $434.43 and a 200 day simple moving average of $442.64. The firm has a market cap of $14.79 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.63 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 (NYSE:FDS - Get Free Report) last released its quarterly 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 return on equity of 31.59% and a net margin of 23.30%. The firm had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. During the same quarter in the prior year, the business earned $4.37 earnings per share. The company's quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the 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 directly owned 44 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total value of $3,398,665.04. Following the completion of the sale, the executive vice president owned 23,952 shares in the company, valued at approximately $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 worth $5,825,481 over the last ninety days. 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.