Edgestream Partners L.P. Takes Position in FactSet Research Systems Inc. (NYSE:FDS)

Edgestream Partners L.P. bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,900 shares of the business services provider’s stock, valued at approximately $1,563,000.

A number of other large investors have also recently modified their holdings of FDS. Vanguard Group Inc. boosted its stake in FactSet Research Systems by 1.2% during the first quarter. Vanguard Group Inc. now owns 4,298,111 shares of the business services provider’s stock worth $1,866,025,000 after acquiring an additional 52,604 shares in the last quarter. State Street Corp boosted its stake in FactSet Research Systems by 1.7% during the first quarter. State Street Corp now owns 1,988,080 shares of the business services provider’s stock worth $863,125,000 after acquiring an additional 32,550 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in FactSet Research Systems by 0.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,078,226 shares of the business services provider’s stock worth $447,561,000 after acquiring an additional 8,564 shares in the last quarter. Geode Capital Management LLC boosted its stake in FactSet Research Systems by 9.3% during the first quarter. Geode Capital Management LLC now owns 917,349 shares of the business services provider’s stock worth $380,034,000 after acquiring an additional 77,980 shares in the last quarter. Finally, Morgan Stanley boosted its stake in FactSet Research Systems by 171.6% during the fourth quarter. Morgan Stanley now owns 718,288 shares of the business services provider’s stock worth $288,185,000 after acquiring an additional 453,799 shares in the last quarter. Institutional investors own 89.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on FDS shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of FactSet Research Systems from $461.00 to $471.00 and gave the stock a “buy” rating in a research note on Tuesday, September 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a report on Friday, September 22nd. The Goldman Sachs Group decreased their target price on shares of FactSet Research Systems from $380.00 to $367.00 and set a “sell” rating for the company in a report on Thursday, September 21st. BMO Capital Markets lifted their target price on shares of FactSet Research Systems from $419.00 to $436.00 and gave the stock a “market perform” rating in a report on Friday, September 22nd. Finally, StockNews.com started coverage on shares of FactSet Research Systems in a report on Thursday, October 5th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $442.73.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $438.78, for a total transaction of $1,316,340.00. Following the completion of the sale, the chief executive officer now directly owns 8,247 shares in the company, valued at $3,618,618.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other FactSet Research Systems news, CTO Katherine M. Stepp sold 1,805 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $444.85, for a total value of $802,954.25. Following the completion of the transaction, the chief technology officer now directly owns 451 shares in the company, valued at $200,627.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $438.78, for a total transaction of $1,316,340.00. Following the completion of the transaction, the chief executive officer now owns 8,247 shares of the company’s stock, valued at $3,618,618.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,338 shares of company stock worth $7,160,097. 1.00% of the stock is owned by company insiders.

FactSet Research Systems Stock Down 0.3 %

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 firm has a 50 day moving average price of $440.65 and a 200-day moving average price of $422.86. FactSet Research Systems Inc. has a twelve month low of $377.89 and a twelve month high of $474.13. The stock has a market capitalization of $17.32 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.76 and a beta of 0.82.

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

FactSet Research Systems Announces Dividend

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