Tandem Investment Advisors Inc. Purchases 3,485 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Tandem Investment Advisors Inc. increased its position in FactSet Research Systems Inc. (NYSE:FDS) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 250,028 shares of the business services provider’s stock after buying an additional 3,485 shares during the period. FactSet Research Systems accounts for 4.1% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 5th largest holding. Tandem Investment Advisors Inc.’s holdings in FactSet Research Systems were worth $102,079,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FDS. Norges Bank acquired a new position in FactSet Research Systems in the fourth quarter worth approximately $47,977,000. PineStone Asset Management Inc. increased its holdings in FactSet Research Systems by 53.3% in the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after buying an additional 94,952 shares during the last quarter. International Assets Investment Management LLC acquired a new position in FactSet Research Systems in the fourth quarter worth approximately $45,288,000. Norden Group LLC increased its holdings in FactSet Research Systems by 1,844.5% in the first quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock worth $20,761,000 after buying an additional 43,346 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in FactSet Research Systems by 198.2% during the first 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 and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

Shares of NYSE:FDS traded up $6.23 on Friday, hitting $422.84. The stock had a trading volume of 406,067 shares, compared to its average volume of 197,191. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $488.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. The firm’s 50 day moving average price is $414.57 and its 200-day moving average price is $430.48. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 2.53 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results 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 return on equity of 34.48% and a net margin of 23.56%. The business had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $552.71 million. During the same period in the previous year, the business posted $3.79 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that FactSet Research Systems Inc. will post 16.29 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 0.98%. FactSet Research Systems’s dividend payout ratio is currently 31.37%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

FDS has been the topic of several analyst reports. Jefferies Financial Group lowered their price target on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Morgan Stanley increased their price target on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a report on Monday, June 24th. Wells Fargo & Company raised FactSet Research Systems to a “hold” rating in a research report on Tuesday, August 13th. Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. 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 analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and an average 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.