Handelsinvest Investeringsforvaltning Has $360,000 Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Handelsinvest Investeringsforvaltning decreased its position in FactSet Research Systems Inc. (NYSE:FDS) by 34.1% in the 1st quarter, HoldingsChannel reports. The fund owned 793 shares of the business services provider’s stock after selling 411 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in FactSet Research Systems were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of FDS. Morgan Stanley increased its holdings in FactSet Research Systems by 100.1% during the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after purchasing an additional 698,611 shares in the last quarter. Norges Bank bought a new position in FactSet Research Systems in the 4th quarter valued at $47,977,000. International Assets Investment Management LLC bought a new position in FactSet Research Systems in the 4th quarter valued at $45,288,000. PineStone Asset Management Inc. boosted its position in FactSet Research Systems by 117.0% in the 4th quarter. PineStone Asset Management Inc. now owns 163,521 shares of the business services provider’s stock valued at $78,008,000 after buying an additional 88,173 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in FactSet Research Systems by 15.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock valued at $220,146,000 after buying an additional 66,986 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $416.76 on Thursday. The business’s 50 day moving average price is $421.70 and its two-hundred day moving average price is $446.32. The company has a market cap of $15.89 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 2.43 and a beta of 0.75. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a twelve month low of $385.27 and a twelve month high of $488.64.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $552.71 million. During the same quarter in the previous year, the company posted $3.79 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. On average, analysts predict that FactSet Research Systems Inc. will post 16.33 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, May 31st. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s payout ratio is currently 31.37%.

Analysts Set New Price Targets

Several research firms have recently issued reports on FDS. Wolfe Research began coverage on FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target on the stock. Stifel Nicolaus restated a “hold” rating and issued a $469.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Morgan Stanley raised their price target on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Finally, The Goldman Sachs Group lifted their target price on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $432.00.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the sale, the chief accounting officer now owns 72 shares in the company, valued at $30,204. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the sale, the chief accounting officer now owns 72 shares in the company, valued at $30,204. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total value of $999,186.25. Following the sale, the director now owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The disclosure for this sale can be found here. Insiders sold a total of 27,419 shares of company stock worth $11,606,013 over the last quarter. Company insiders own 1.00% of the company’s stock.

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.