Northern Trust Corp Has $116.44 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Share on StockTwits

Northern Trust Corp lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 19.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 406,338 shares of the business services provider’s stock after purchasing an additional 65,436 shares during the quarter. Northern Trust Corp’s holdings in FactSet Research Systems were worth $116,441,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in FactSet Research Systems by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 421,037 shares of the business services provider’s stock valued at $84,261,000 after purchasing an additional 16,651 shares during the period. Bank of Montreal Can increased its holdings in FactSet Research Systems by 19.3% in the first quarter. Bank of Montreal Can now owns 7,111 shares of the business services provider’s stock valued at $1,766,000 after purchasing an additional 1,149 shares during the period. Janus Henderson Group PLC increased its holdings in FactSet Research Systems by 41.6% in the first quarter. Janus Henderson Group PLC now owns 46,988 shares of the business services provider’s stock valued at $11,666,000 after purchasing an additional 13,803 shares during the period. Stephens Inc. AR increased its holdings in FactSet Research Systems by 11.4% in the first quarter. Stephens Inc. AR now owns 7,840 shares of the business services provider’s stock valued at $1,947,000 after purchasing an additional 802 shares during the period. Finally, First Mercantile Trust Co. increased its holdings in FactSet Research Systems by 138.3% in the first quarter. First Mercantile Trust Co. now owns 336 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 195 shares during the period. Institutional investors own 96.98% of the company’s stock.

A number of research firms recently weighed in on FDS. Bank of America increased their price objective on FactSet Research Systems from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, June 26th. Credit Suisse Group restated a “hold” rating on shares of FactSet Research Systems in a report on Monday, July 8th. Stifel Nicolaus increased their price objective on FactSet Research Systems from $230.00 to $242.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Morgan Stanley downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $264.00 to $263.00 in a report on Tuesday, July 16th. Finally, Goldman Sachs Group downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $256.00 to $246.00 in a report on Thursday, June 27th. Three investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $251.75.

FDS traded down $1.29 during trading on Friday, reaching $275.36. 4,045 shares of the stock traded hands, compared to its average volume of 273,723. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $10.61 billion, a PE ratio of 32.38, a P/E/G ratio of 2.64 and a beta of 1.00. The stock’s 50-day moving average is $275.48 and its 200 day moving average is $270.55. FactSet Research Systems Inc. has a 12 month low of $188.31 and a 12 month high of $305.38.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, June 25th. The business services provider reported $2.62 EPS for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.25. The business had revenue of $364.50 million for the quarter, compared to analysts’ expectations of $359.25 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 64.19%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.18 earnings per share. As a group, equities research analysts anticipate that FactSet Research Systems Inc. will post 9.86 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, August 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.05%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 33.76%.

In other news, insider Brian G. Daly sold 473 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $294.17, for a total transaction of $139,142.41. Following the transaction, the insider now owns 735 shares of the company’s stock, valued at approximately $216,214.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip A. Hadley sold 42,600 shares of the stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $291.48, for a total transaction of $12,417,048.00. Following the transaction, the director now directly owns 599,991 shares in the company, valued at approximately $174,885,376.68. The disclosure for this sale can be found here. Insiders have sold 74,314 shares of company stock worth $21,465,229 in the last ninety days. Insiders own 2.30% of the company’s stock.

FactSet Research Systems Company 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. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

Further Reading: QQQ ETF

Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS).

Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.