FactSet Research Systems Inc. (NYSE:FDS) Stake Raised by Great Lakes Advisors LLC

Great Lakes Advisors LLC grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,509 shares of the business services provider’s stock after purchasing an additional 83 shares during the period. Great Lakes Advisors LLC’s holdings in FactSet Research Systems were worth $3,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Hartford Investment Management Co. increased its holdings in shares of FactSet Research Systems by 15.8% in the first quarter. Hartford Investment Management Co. now owns 3,209 shares of the business services provider’s stock valued at $1,332,000 after buying an additional 438 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of FactSet Research Systems by 2.7% during the second quarter. Yousif Capital Management LLC now owns 5,477 shares of the business services provider’s stock valued at $2,194,000 after purchasing an additional 146 shares during the last quarter. PineStone Asset Management Inc. boosted its position in shares of FactSet Research Systems by 284.5% in the 2nd quarter. PineStone Asset Management Inc. now owns 64,601 shares of the business services provider’s stock valued at $25,882,000 after purchasing an additional 47,800 shares during the period. FDx Advisors Inc. increased its stake in FactSet Research Systems by 37.5% in the 2nd quarter. FDx Advisors Inc. now owns 3,484 shares of the business services provider’s stock worth $1,396,000 after purchasing an additional 951 shares in the last quarter. Finally, Resources Investment Advisors LLC. raised its holdings in FactSet Research Systems by 48.7% during the 1st quarter. Resources Investment Advisors LLC. now owns 3,511 shares of the business services provider’s stock worth $1,457,000 after buying an additional 1,150 shares during the period. Institutional investors and hedge funds own 89.50% of the company’s stock.

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $433.78, for a total value of $1,301,340.00. Following the completion of the transaction, the chief executive officer now owns 8,317 shares of the company’s stock, valued at approximately $3,607,748.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $433.78, for a total value of $1,301,340.00. Following the sale, the chief executive officer now owns 8,317 shares of the company’s stock, valued at approximately $3,607,748.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Costigan sold 1,162 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $450.97, for a total transaction of $524,027.14. Following the transaction, the insider now directly owns 445 shares of the company’s stock, valued at $200,681.65. The disclosure for this sale can be found here. Insiders have sold a total of 16,338 shares of company stock valued at $7,160,097 over the last three months. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FDS. Bank of America boosted their price target on shares of FactSet Research Systems from $450.00 to $460.00 and gave the company a “neutral” rating in a report on Friday, September 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a report on Friday, September 22nd. BMO Capital Markets lifted their price target on FactSet Research Systems from $419.00 to $436.00 and gave the company a “market perform” rating in a report on Friday, September 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on FactSet Research Systems from $461.00 to $471.00 and gave the stock a “buy” rating in a research note on Tuesday, September 5th. Finally, The Goldman Sachs Group lowered their price target on FactSet Research Systems from $380.00 to $367.00 and set a “sell” rating for the company in a research note on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $442.73.

FactSet Research Systems Stock Performance

FDS opened at $456.00 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.00. The stock’s 50 day moving average price is $440.65 and its two-hundred day moving average price is $422.86. The firm has a market capitalization of $17.32 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 2.76 and a beta of 0.82. FactSet Research Systems Inc. has a 12-month low of $377.89 and a 12-month high of $474.13.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, September 21st. The business services provider reported $2.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.51 by ($0.58). The company had revenue of $535.80 million during the quarter, compared to analyst estimates of $535.32 million. FactSet Research Systems had a return on equity of 35.45% and a net margin of 22.45%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.13 EPS. On average, equities analysts forecast that FactSet Research Systems Inc. will post 16.02 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, November 30th will be paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Wednesday, November 29th. FactSet Research Systems’s payout ratio is presently 32.56%.

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.