BlackRock Inc. reduced its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,354,629 shares of the business services provider’s stock after selling 34,422 shares during the quarter. BlackRock Inc. owned approximately 0.09% of FactSet Research Systems worth $750,462,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bruderman Asset Management LLC bought a new position in shares of FactSet Research Systems during the 2nd quarter worth approximately $112,000. Delaney Dennis R bought a new position in shares of FactSet Research Systems during the 3rd quarter worth approximately $200,000. Checchi Capital Advisers LLC bought a new position in shares of FactSet Research Systems during the 3rd quarter worth approximately $212,000. Cookson Peirce & Co. Inc. bought a new position in shares of FactSet Research Systems during the 3rd quarter worth approximately $217,000. Finally, Ronna Sue Cohen bought a new position in shares of FactSet Research Systems during the 3rd quarter worth approximately $220,000. Institutional investors own 93.19% of the company’s stock.
Several analysts recently issued reports on FDS shares. ValuEngine upgraded FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded FactSet Research Systems from a “hold” rating to a “buy” rating and set a $227.00 price target for the company in a research note on Monday, August 6th. Stifel Nicolaus boosted their price target on FactSet Research Systems from $188.00 to $223.00 and gave the company a “hold” rating in a research note on Wednesday, September 26th. Morgan Stanley set a $210.00 price target on FactSet Research Systems and gave the company a “hold” rating in a research note on Thursday, September 13th. Finally, Wells Fargo & Co boosted their price target on FactSet Research Systems from $190.00 to $225.00 and gave the company a “market perform” rating in a research note on Wednesday, September 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $214.30.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, September 25th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.01). The firm had revenue of $345.90 million during the quarter, compared to the consensus estimate of $346.39 million. FactSet Research Systems had a net margin of 19.78% and a return on equity of 58.62%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 earnings per share. On average, research analysts expect that FactSet Research Systems Inc. will post 9.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Friday, November 30th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $2.56 annualized dividend and a yield of 1.09%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.01%.
In other news, SVP Matthew J. Mcnulty sold 1,684 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $225.00, for a total transaction of $378,900.00. Following the completion of the sale, the senior vice president now directly owns 3,727 shares in the company, valued at approximately $838,575. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert J. Robie sold 1,174 shares of the company’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $224.78, for a total value of $263,891.72. Following the sale, the executive vice president now owns 2,862 shares of the company’s stock, valued at $643,320.36. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
FactSet Research Systems Profile
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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