Gladius Capital Management LP Takes Position in FactSet Research Systems Inc. (NYSE:FDS)

Gladius Capital Management LP purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 81 shares of the business services provider’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of FactSet Research Systems by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 254,556 shares of the business services provider’s stock valued at $115,752,000 after purchasing an additional 10,727 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in FactSet Research Systems by 6.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock valued at $175,919,000 after acquiring an additional 20,787 shares in the last quarter. abrdn plc boosted its stake in FactSet Research Systems by 17.4% during the 4th quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock valued at $32,874,000 after acquiring an additional 10,230 shares during the last quarter. SteelPeak Wealth LLC grew its holdings in FactSet Research Systems by 134.1% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock worth $1,073,000 after acquiring an additional 1,506 shares in the last quarter. Finally, Bell Asset Management Ltd bought a new stake in shares of FactSet Research Systems in the 4th quarter worth about $6,756,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

FDS traded up $2.15 during trading on Friday, reaching $410.87. The stock had a trading volume of 192,760 shares, compared to its average volume of 257,705. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 2.44 and a beta of 0.75. The stock has a 50 day moving average of $413.52 and a two-hundred day moving average of $434.93. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The company had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. During the same period in the prior year, the company earned $3.79 EPS. FactSet Research Systems’s revenue was up 4.3% on a year-over-year basis. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 16.29 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Wall Street Analysts Forecast Growth

FDS has been the subject of several research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a report on Monday, June 24th. Jefferies Financial Group reduced their price objective on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Wells Fargo & Company upgraded shares of FactSet Research Systems to a “hold” rating in a research note on Tuesday. Morgan Stanley raised their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Finally, Bank of America downgraded shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $432.27.

Insider Activity

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,166,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,166,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Katherine M. Stepp sold 1,057 shares of FactSet Research Systems stock in a transaction on Monday, June 24th. The shares were sold at an average price of $428.42, for a total value of $452,839.94. Following the transaction, the chief technology officer now owns 687 shares in the company, valued at approximately $294,324.54. The disclosure for this sale can be found here. Insiders sold a total of 12,432 shares of company stock valued at $5,117,216 over the last three months. Insiders own 1.00% of the company’s stock.

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.