Northern Trust Corp Acquires 65,436 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Northern Trust Corp boosted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 19.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 406,338 shares of the business services provider’s stock after acquiring an additional 65,436 shares during the period. Northern Trust Corp owned approximately 1.06% of FactSet Research Systems worth $116,441,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GAM Holding AG acquired a new stake in shares of FactSet Research Systems in the 2nd quarter valued at about $232,000. Pacer Advisors Inc. acquired a new stake in shares of FactSet Research Systems in the 2nd quarter valued at about $4,337,000. Bank of New York Mellon Corp raised its stake in shares of FactSet Research Systems by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 448,121 shares of the business services provider’s stock valued at $128,415,000 after purchasing an additional 40,246 shares during the period. Fiera Capital Corp raised its stake in shares of FactSet Research Systems by 1.9% in the 2nd quarter. Fiera Capital Corp now owns 388,953 shares of the business services provider’s stock valued at $111,458,000 after purchasing an additional 7,204 shares during the period. Finally, Quantamental Technologies LLC acquired a new stake in shares of FactSet Research Systems in the 2nd quarter valued at about $64,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Several research firms have issued reports on FDS. UBS Group lifted their price target on FactSet Research Systems from $212.00 to $233.00 and gave the company a “sell” rating in a research note on Wednesday, June 26th. Morgan Stanley downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $264.00 to $263.00 in a research note on Tuesday, July 16th. Stifel Nicolaus lifted their price target on FactSet Research Systems from $230.00 to $242.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. Goldman Sachs Group downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the company from $256.00 to $246.00 in a research note on Thursday, June 27th. Finally, Credit Suisse Group reissued a “hold” rating on shares of FactSet Research Systems in a research note on Monday, July 8th. Three investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $251.75.

Shares of NYSE:FDS traded down $1.29 during midday trading on Friday, reaching $275.36. The company had a trading volume of 4,045 shares, compared to its average volume of 273,723. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average price is $275.48 and its 200 day moving average price is $270.55. The stock has a market cap of $10.61 billion, a PE ratio of 32.38, a P/E/G ratio of 2.64 and a beta of 1.00. FactSet Research Systems Inc. has a 1-year low of $188.31 and a 1-year high of $305.38.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, June 25th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.25. The business had revenue of $364.50 million for the quarter, compared to the consensus estimate of $359.25 million. FactSet Research Systems had a return on equity of 64.19% and a net margin of 23.30%. FactSet Research Systems’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 earnings per share. On average, research analysts expect that FactSet Research Systems Inc. will post 9.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, August 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 33.76%.

In other FactSet Research Systems news, insider Brian G. Daly sold 473 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $294.17, for a total transaction of $139,142.41. Following the transaction, the insider now owns 735 shares of the company’s stock, valued at $216,214.95. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Scott A. Billeadeau sold 2,683 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $289.03, for a total value of $775,467.49. Following the transaction, the director now directly owns 3,684 shares in the company, valued at approximately $1,064,786.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,314 shares of company stock worth $21,465,229. Company insiders own 2.30% of the company’s stock.

FactSet Research Systems Company 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. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

Recommended Story: What member countries make up the G-20?

Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit