American Capital Management Inc. boosted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,124 shares of the business services provider’s stock after buying an additional 8,265 shares during the period. FactSet Research Systems accounts for approximately 3.0% of American Capital Management Inc.’s investment portfolio, making the stock its 10th largest position. American Capital Management Inc. owned 0.71% of FactSet Research Systems worth $46,385,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in FDS. Flossbach Von Storch AG purchased a new stake in FactSet Research Systems during the second quarter worth $2,759,000. NGAM Advisors L.P. raised its stake in FactSet Research Systems by 2.7% in the second quarter. NGAM Advisors L.P. now owns 209,950 shares of the business services provider’s stock worth $34,890,000 after buying an additional 5,493 shares in the last quarter. FineMark National Bank & Trust raised its stake in FactSet Research Systems by 1.0% in the second quarter. FineMark National Bank & Trust now owns 2,183 shares of the business services provider’s stock worth $363,000 after buying an additional 22 shares in the last quarter. Congress Asset Management Co. MA raised its stake in FactSet Research Systems by 16.7% in the second quarter. Congress Asset Management Co. MA now owns 392,998 shares of the business services provider’s stock worth $65,308,000 after buying an additional 56,228 shares in the last quarter. Finally, Clarkston Capital Partners LLC raised its stake in FactSet Research Systems by 408.9% in the second quarter. Clarkston Capital Partners LLC now owns 10,050 shares of the business services provider’s stock worth $1,670,000 after buying an additional 8,075 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.
Shares of FactSet Research Systems Inc. (NYSE FDS) opened at 159.02 on Friday. The stock’s 50 day moving average is $163.44 and its 200-day moving average is $167.54. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 18.54 and a beta of 0.95. FactSet Research Systems Inc. has a 52 week low of $150.95 and a 52 week high of $183.64.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, June 27th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.01. The business had revenue of $312.12 million during the quarter, compared to analysts’ expectations of $314.14 million. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS. On average, analysts anticipate that FactSet Research Systems Inc. will post $7.30 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 31st will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.41%. The ex-dividend date is Tuesday, August 29th. FactSet Research Systems’s payout ratio is 26.20%.
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A number of analysts have weighed in on the stock. BidaskClub lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Stifel Nicolaus reissued a “hold” rating and issued a $163.00 price objective on shares of FactSet Research Systems in a report on Tuesday, July 25th. Zacks Investment Research raised shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. UBS AG reissued a “buy” rating and issued a $146.00 price objective (down previously from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. Finally, Deutsche Bank AG started coverage on shares of FactSet Research Systems in a report on Wednesday, May 10th. They issued a “hold” rating and a $160.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $166.27.
In other FactSet Research Systems news, Chairman Philip A. Hadley sold 38,942 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $163.83, for a total transaction of $6,379,867.86. Following the transaction, the chairman now owns 666,494 shares of the company’s stock, valued at $109,191,712.02. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph E. Laird, Jr. sold 1,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $166.00, for a total value of $166,000.00. Following the transaction, the director now directly owns 9,000 shares in the company, valued at approximately $1,494,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,858 shares of company stock valued at $34,453,143. 2.70% of the stock is owned by company insiders.
FactSet Research Systems Company Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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