&Partners Invests $2.53 Million in FactSet Research Systems Inc. (NYSE:FDS)

&Partners bought a new position in FactSet Research Systems Inc. (NYSE:FDS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,186 shares of the business services provider’s stock, valued at approximately $2,526,000.

Several other hedge funds also recently bought and sold shares of FDS. Norges Bank bought a new position in FactSet Research Systems in the 4th quarter worth $47,977,000. PineStone Asset Management Inc. boosted its holdings in shares of FactSet Research Systems by 53.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after purchasing an additional 94,952 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of FactSet Research Systems during the 4th quarter valued at about $45,288,000. Norden Group LLC boosted its holdings in shares of FactSet Research Systems by 1,844.5% during the 1st quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock valued at $20,761,000 after purchasing an additional 43,346 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of FactSet Research Systems by 198.2% during the 1st quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider’s stock valued at $23,352,000 after purchasing an additional 34,156 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 0.5 %

Shares of NYSE:FDS traded up $2.01 during trading on Friday, reaching $410.00. 18,561 shares of the company were exchanged, compared to its average volume of 255,153. The firm has a market capitalization of $15.60 billion, a PE ratio of 31.02, a P/E/G ratio of 2.44 and a beta of 0.75. The business’s fifty day simple moving average is $413.97 and its 200-day simple moving average is $433.29. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $488.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) 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 firm had revenue of $552.70 million for the quarter, compared to the consensus estimate of $552.71 million. During the same period last year, the firm earned $3.79 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, research analysts anticipate that FactSet Research Systems Inc. will post 16.29 EPS for the current year.

FactSet Research Systems Announces Dividend

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

Insider Buying and Selling at FactSet Research Systems

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on FDS shares. Wells Fargo & Company raised shares of FactSet Research Systems to a “hold” rating in a report on Tuesday, August 13th. Bank of America downgraded shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $500.00 to $407.00 in a report on Thursday, May 30th. Morgan Stanley increased their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a report on Monday, June 24th. Jefferies Financial Group lowered their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research report on Monday, June 24th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $432.27.

FactSet Research Systems Company 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.