Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of FactSet (NYSE:FDS) by 5.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,093,043 shares of the business services provider’s stock after purchasing an additional 60,151 shares during the period. FactSet accounts for approximately 1.6% of Kayne Anderson Rudnick Investment Management LLC’s holdings, making the stock its 18th largest position. Kayne Anderson Rudnick Investment Management LLC owned about 2.80% of FactSet worth $217,976,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of FDS. Advisory Services Network LLC grew its holdings in FactSet by 723.4% during the fourth quarter. Advisory Services Network LLC now owns 1,021 shares of the business services provider’s stock worth $197,000 after purchasing an additional 897 shares during the period. Checchi Capital Advisers LLC bought a new position in FactSet during the fourth quarter worth about $205,000. Lake Street Advisors Group LLC bought a new position in FactSet during the fourth quarter worth about $205,000. Dumont & Blake Investment Advisors LLC bought a new position in FactSet during the fourth quarter worth about $208,000. Finally, Delaney Dennis R bought a new stake in shares of FactSet during the fourth quarter worth approximately $213,000. Institutional investors and hedge funds own 91.42% of the company’s stock.
In other news, Director Scott A. Billeadeau sold 1,500 shares of FactSet stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $197.55, for a total value of $296,325.00. Following the completion of the sale, the director now directly owns 500 shares in the company, valued at $98,775. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Maurizio Nicolelli sold 5,675 shares of FactSet stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $198.00, for a total transaction of $1,123,650.00. Following the completion of the sale, the chief financial officer now owns 9,129 shares of the company’s stock, valued at $1,807,542. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.
A number of equities research analysts have recently issued reports on FDS shares. Zacks Investment Research cut FactSet from a “buy” rating to a “hold” rating in a report on Monday, March 26th. Stifel Nicolaus boosted their price objective on FactSet from $169.00 to $184.00 and gave the stock a “hold” rating in a report on Wednesday, March 28th. UBS boosted their price objective on FactSet from $179.00 to $184.00 and gave the stock a “sell” rating in a report on Wednesday, March 28th. Bank of America boosted their price objective on FactSet from $210.00 to $214.00 and gave the stock a “neutral” rating in a report on Wednesday, April 18th. Finally, DA Davidson boosted their price objective on FactSet to $185.00 and gave the stock a “neutral” rating in a report on Thursday, March 15th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $196.15.
FactSet opened at $201.93 on Tuesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.53 and a quick ratio of 2.53. FactSet has a 1-year low of $155.09 and a 1-year high of $217.36. The company has a market capitalization of $7.71 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96.
FactSet (NYSE:FDS) last released its quarterly earnings results on Tuesday, March 27th. The business services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.06. FactSet had a net margin of 19.07% and a return on equity of 54.00%. The company had revenue of $335.20 million during the quarter, compared to the consensus estimate of $333.78 million. During the same period in the previous year, the business earned $1.81 earnings per share. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. sell-side analysts anticipate that FactSet will post 8.48 earnings per share for the current year.
FactSet declared that its Board of Directors has approved a stock repurchase plan on Tuesday, March 27th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 3.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Thursday, May 31st will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.27%. This is an increase from FactSet’s previous quarterly dividend of $0.56. The ex-dividend date is Wednesday, May 30th. FactSet’s payout ratio is presently 30.64%.
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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