Andra AP fonden lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 17.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,200 shares of the business services provider’s stock after purchasing an additional 1,700 shares during the quarter. Andra AP fonden’s holdings in FactSet Research Systems were worth $2,721,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Krane Funds Advisors LLC acquired a new position in FactSet Research Systems during the 2nd quarter worth approximately $25,000. Kavar Capital Partners LLC acquired a new position in FactSet Research Systems during the 2nd quarter worth approximately $37,000. Cullen Frost Bankers Inc. boosted its position in FactSet Research Systems by 178.1% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 203 shares of the business services provider’s stock worth $49,000 after acquiring an additional 130 shares during the last quarter. Quest Capital Management Inc. ADV acquired a new position in FactSet Research Systems during the 3rd quarter worth approximately $50,000. Finally, Quantamental Technologies LLC acquired a new position in FactSet Research Systems during the 2nd quarter worth approximately $64,000. Institutional investors and hedge funds own 98.37% of the company’s stock.
Shares of FactSet Research Systems stock opened at $260.14 on Tuesday. FactSet Research Systems Inc. has a 12-month low of $188.31 and a 12-month high of $305.38. The stock has a market cap of $9.85 billion, a P/E ratio of 25.97, a P/E/G ratio of 2.88 and a beta of 0.95. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $254.58 and its 200-day moving average is $271.82.
FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, September 26th. The business services provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.14. FactSet Research Systems had a return on equity of 63.04% and a net margin of 24.58%. The business had revenue of $364.28 million for the quarter, compared to analysts’ expectations of $362.39 million. During the same quarter in the prior year, the business earned $2.20 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 10 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Wednesday, November 27th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 28.80%.
A number of equities analysts have weighed in on FDS shares. Stifel Nicolaus reduced their price target on FactSet Research Systems from $242.00 to $230.00 and set a “hold” rating for the company in a research report on Friday, September 27th. ValuEngine downgraded FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Zacks Investment Research downgraded FactSet Research Systems from a “hold” rating to a “sell” rating and set a $257.00 price target for the company. in a research report on Monday, September 30th. Barclays reduced their price target on FactSet Research Systems from $275.00 to $250.00 and set an “equal weight” rating for the company in a research report on Friday, September 27th. Finally, Jefferies Financial Group assumed coverage on FactSet Research Systems in a research report on Wednesday, November 27th. They set a “hold” rating and a $253.00 price target for the company. Five equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. FactSet Research Systems currently has an average rating of “Hold” and a consensus target price of $240.15.
In related news, CEO Frederick Philip Snow sold 1,186 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $254.64, for a total value of $302,003.04. Following the sale, the chief executive officer now owns 4,980 shares in the company, valued at approximately $1,268,107.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Philip A. Hadley sold 75,000 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $282.86, for a total value of $21,214,500.00. Following the completion of the sale, the director now owns 467,368 shares in the company, valued at approximately $132,199,712.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,372 shares of company stock worth $21,805,009. 2.30% of the stock is owned by company insiders.
About FactSet Research Systems
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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