Edgestream Partners L.P. lowered its position in FactSet Research Systems Inc. (NYSE:FDS) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,941 shares of the business services provider’s stock after selling 1,871 shares during the period. Edgestream Partners L.P.’s holdings in FactSet Research Systems were worth $3,672,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Millennium Management LLC raised its position in FactSet Research Systems by 258.6% in the 1st quarter. Millennium Management LLC now owns 96,875 shares of the business services provider’s stock worth $29,895,000 after purchasing an additional 69,857 shares during the last quarter. Ninety One UK Ltd raised its position in FactSet Research Systems by 6.1% in the 1st quarter. Ninety One UK Ltd now owns 938,266 shares of the business services provider’s stock worth $289,540,000 after purchasing an additional 53,545 shares during the last quarter. Voloridge Investment Management LLC bought a new position in FactSet Research Systems in the 1st quarter worth approximately $8,774,000. Mn Services Vermogensbeheer B.V. bought a new position in FactSet Research Systems in the 2nd quarter worth approximately $7,867,000. Finally, Geode Capital Management LLC raised its position in FactSet Research Systems by 5.1% in the 1st quarter. Geode Capital Management LLC now owns 572,260 shares of the business services provider’s stock worth $176,394,000 after purchasing an additional 27,562 shares during the last quarter. Institutional investors own 87.49% of the company’s stock.
Several research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $261.00 to $273.00 and gave the stock an “underweight” rating in a research report on Wednesday, June 30th. Royal Bank of Canada boosted their price objective on shares of FactSet Research Systems from $375.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, August 9th. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $322.00 to $337.00 and gave the stock a “hold” rating in a report on Tuesday, June 29th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of FactSet Research Systems from $315.00 to $330.00 and gave the stock a “hold” rating in a report on Wednesday, June 30th. Finally, The Goldman Sachs Group lowered their target price on shares of FactSet Research Systems from $276.00 to $274.00 and set a “sell” rating for the company in a report on Wednesday, June 30th. Five analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $335.44.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Monday, June 28th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.03). FactSet Research Systems had a net margin of 24.80% and a return on equity of 44.88%. The firm had revenue of $399.60 million during the quarter, compared to analyst estimates of $397.72 million. During the same period last year, the firm earned $2.86 EPS. FactSet Research Systems’s quarterly revenue was up 6.8% on a year-over-year basis. Research analysts expect that FactSet Research Systems Inc. will post 11.03 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 16th. Stockholders of record on Tuesday, August 31st will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is 30.17%.
In related news, CEO Frederick Philip Snow sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $380.41, for a total value of $951,025.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Malcolm Frank sold 3,000 shares of the company’s stock in a transaction on Tuesday, July 13th. The stock was sold at an average price of $335.17, for a total transaction of $1,005,510.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $1,005,510. The disclosure for this sale can be found here. Insiders sold a total of 24,424 shares of company stock valued at $8,704,739 in the last three months. 0.74% of the stock is owned by company insiders.
About FactSet Research Systems
FactSet Research Systems Inc (the “”Company”” or “”FactSet””) is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company’s content and multi-asset class solutions across each stage of the investment process.
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