SG Americas Securities LLC Has $15.39 Million Stock Holdings in FactSet Research Systems Inc. $FDS

SG Americas Securities LLC grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 240.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,920 shares of the business services provider’s stock after buying an additional 50,092 shares during the period. SG Americas Securities LLC’s holdings in FactSet Research Systems were worth $15,389,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in FactSet Research Systems by 444,058.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock worth $4,021,376,000 after purchasing an additional 13,854,613 shares in the last quarter. Bamco Inc. NY boosted its holdings in FactSet Research Systems by 58.8% in the 4th quarter. Bamco Inc. NY now owns 2,888,845 shares of the business services provider’s stock valued at $838,314,000 after purchasing an additional 1,069,786 shares during the period. State Street Corp grew its position in shares of FactSet Research Systems by 1.2% during the 3rd quarter. State Street Corp now owns 1,961,231 shares of the business services provider’s stock worth $561,873,000 after purchasing an additional 23,660 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of FactSet Research Systems by 3.2% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 856,039 shares of the business services provider’s stock worth $245,247,000 after purchasing an additional 26,865 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of FactSet Research Systems by 16.2% during the third quarter. Invesco Ltd. now owns 793,832 shares of the business services provider’s stock worth $227,425,000 after purchasing an additional 110,686 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. UBS Group dropped their price target on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Royal Bank Of Canada reduced their price target on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Wells Fargo & Company raised their price objective on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 1st. Rothschild & Co Redburn cut FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price objective for the company. in a report on Thursday, June 18th. Finally, The Goldman Sachs Group downgraded FactSet Research Systems from a “sell” rating to an “underweight” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and an average target price of $267.69.

FactSet Research Systems Price Performance

FDS stock opened at $208.73 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $453.41. The firm has a market cap of $7.60 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.81 and a beta of 0.71. The company’s 50-day moving average price is $230.79 and its two-hundred day moving average price is $239.53.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, March 31st. The business services provider reported $4.46 EPS for the quarter, beating the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The company had revenue of $611.02 million during the quarter, compared to analysts’ expectations of $604.78 million. During the same period in the previous year, the company earned $4.28 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts anticipate that FactSet Research Systems Inc. will post 17.66 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were given a dividend of $1.16 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, May 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.84%.

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.