Koshinski Asset Management Inc. boosted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 16.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,372 shares of the business services provider’s stock after buying an additional 194 shares during the period. Koshinski Asset Management Inc.’s holdings in FactSet Research Systems were worth $614,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in FactSet Research Systems by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider’s stock worth $2,180,160,000 after buying an additional 137,874 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in FactSet Research Systems by 4.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528,045 shares of the business services provider’s stock worth $240,070,000 after buying an additional 22,458 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in FactSet Research Systems by 0.9% during the first quarter. JPMorgan Chase & Co. now owns 505,761 shares of the business services provider’s stock worth $229,940,000 after buying an additional 4,693 shares during the last quarter. Invesco Ltd. raised its holdings in FactSet Research Systems by 7.6% during the first quarter. Invesco Ltd. now owns 490,698 shares of the business services provider’s stock worth $223,091,000 after buying an additional 34,549 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in FactSet Research Systems by 1.9% during the first quarter. Northern Trust Corp now owns 405,616 shares of the business services provider’s stock worth $184,409,000 after buying an additional 7,436 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.
FactSet Research Systems Price Performance
FDS opened at $286.81 on Monday. The firm has a market cap of $10.84 billion, a P/E ratio of 18.44, a PEG ratio of 2.12 and a beta of 0.79. The firm has a 50-day moving average of $333.08 and a 200 day moving average of $397.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 1.40. FactSet Research Systems Inc. has a fifty-two week low of $272.50 and a fifty-two week high of $499.87.
FactSet Research Systems Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 29th were given a dividend of $1.10 per share. The ex-dividend date was Friday, August 29th. This represents a $4.40 annualized dividend and a yield of 1.5%. FactSet Research Systems’s dividend payout ratio is presently 28.30%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on FDS. Morgan Stanley lowered their price objective on shares of FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating on the stock in a report on Friday, September 19th. Stifel Nicolaus lowered their target price on shares of FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating for the company in a report on Friday, September 19th. Huber Research upgraded shares of FactSet Research Systems to a “strong sell” rating in a report on Friday, September 19th. Barclays reduced their price objective on shares of FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FactSet Research Systems in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Reduce” and an average target price of $356.78.
Check Out Our Latest Stock Report on FactSet Research Systems
Insider Activity
In other FactSet Research Systems news, insider Christopher Mcloughlin bought 338 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was purchased at an average price of $296.19 per share, for a total transaction of $100,112.22. Following the completion of the transaction, the insider directly owned 3,446 shares of the company’s stock, valued at $1,020,670.74. This trade represents a 10.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Helen L. Shan bought 370 shares of the business’s stock in a transaction on Monday, October 6th. The shares were acquired at an average price of $275.48 per share, with a total value of $101,927.60. Following the transaction, the executive vice president directly owned 9,284 shares of the company’s stock, valued at approximately $2,557,556.32. This trade represents a 4.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.
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.
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