Stock Yards Bank & Trust Co. purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,234 shares of the business services provider’s stock, valued at approximately $1,036,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. bought a new stake in shares of FactSet Research Systems in the first quarter valued at approximately $28,761,000. Atlanta Capital Management Co. L L C grew its stake in FactSet Research Systems by 8.5% during the first quarter. Atlanta Capital Management Co. L L C now owns 1,235,701 shares of the business services provider’s stock valued at $246,423,000 after acquiring an additional 97,306 shares in the last quarter. BlackRock Inc. grew its stake in FactSet Research Systems by 2.3% during the first quarter. BlackRock Inc. now owns 3,326,919 shares of the business services provider’s stock valued at $663,454,000 after acquiring an additional 75,262 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in FactSet Research Systems by 5.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,093,043 shares of the business services provider’s stock valued at $217,976,000 after acquiring an additional 60,151 shares in the last quarter. Finally, Wendell David Associates Inc. purchased a new position in FactSet Research Systems during the second quarter valued at approximately $7,662,000. 92.88% of the stock is currently owned by institutional investors.
FDS has been the subject of several recent analyst reports. ValuEngine raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $225.00 price target for the company in a research note on Wednesday, May 30th. Bank of America boosted their price target on shares of FactSet Research Systems from $210.00 to $214.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 18th. Cantor Fitzgerald restated a “hold” rating and issued a $203.00 price objective on shares of FactSet Research Systems in a report on Tuesday, June 26th. Finally, Wells Fargo & Co boosted their price objective on shares of FactSet Research Systems from $185.00 to $190.00 and gave the stock a “market perform” rating in a report on Wednesday, June 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $196.23.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, June 26th. The business services provider reported $2.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.05. FactSet Research Systems had a net margin of 19.37% and a return on equity of 55.91%. The business had revenue of $339.90 million during the quarter, compared to analyst estimates of $339.65 million. During the same period in the prior year, the business earned $1.85 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. equities research analysts expect that FactSet Research Systems Inc. will post 8.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Friday, August 31st will be issued a $0.64 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $2.56 annualized dividend and a yield of 1.18%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 35.02%.
In other news, Director Philip A. Hadley sold 70,000 shares of the company’s stock in a transaction dated Friday, July 13th. The shares were sold at an average price of $203.63, for a total value of $14,254,100.00. Following the sale, the director now directly owns 651,191 shares of the company’s stock, valued at approximately $132,602,023.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Maurizio Nicolelli sold 10,487 shares of the company’s stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $203.89, for a total transaction of $2,138,194.43. Following the completion of the sale, the chief financial officer now directly owns 11,352 shares in the company, valued at $2,314,559.28. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.
FactSet Research Systems Profile
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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