FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Crewe Advisors LLC

Crewe Advisors LLC grew its position in FactSet Research Systems Inc. (NYSE:FDS) by 750.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 68 shares of the business services provider’s stock after acquiring an additional 60 shares during the quarter. Crewe Advisors LLC’s holdings in FactSet Research Systems were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FDS. Vanguard Group Inc. lifted its holdings in shares of FactSet Research Systems by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock worth $2,077,267,000 after purchasing an additional 11,974 shares during the period. Ninety One UK Ltd lifted its holdings in shares of FactSet Research Systems by 0.9% during the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock worth $496,645,000 after purchasing an additional 10,928 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of FactSet Research Systems by 6.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock worth $175,919,000 after purchasing an additional 20,787 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of FactSet Research Systems by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 355,333 shares of the business services provider’s stock worth $169,512,000 after purchasing an additional 8,432 shares during the period. Finally, PineStone Asset Management Inc. raised its position in FactSet Research Systems by 53.3% in the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after acquiring an additional 94,952 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,166,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other FactSet Research Systems news, CTO Katherine M. Stepp sold 1,057 shares of FactSet Research Systems stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $428.42, for a total transaction of $452,839.94. Following the sale, the chief technology officer now directly owns 687 shares in the company, valued at approximately $294,324.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,166,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,432 shares of company stock worth $5,117,216. 1.00% of the stock is currently owned by company insiders.

FactSet Research Systems Stock Performance

NYSE FDS opened at $422.84 on Friday. The firm has a market capitalization of $16.08 billion, a P/E ratio of 31.89, a P/E/G ratio of 2.44 and a beta of 0.75. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. The business’s 50-day simple moving average is $414.57 and its 200-day simple moving average is $430.70.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.91 by $0.46. The business had revenue of $552.70 million for the quarter, compared to analyst estimates of $552.71 million. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.79 EPS. Equities analysts predict that FactSet Research Systems Inc. will post 16.29 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 30th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.16 annualized dividend and a dividend yield of 0.98%. FactSet Research Systems’s payout ratio is currently 31.37%.

Analysts Set New Price Targets

FDS has been the subject of several research analyst reports. Jefferies Financial Group cut their price objective on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research report on Monday, June 24th. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Wells Fargo & Company raised FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th. Finally, Morgan Stanley increased their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $432.27.

FactSet Research Systems Company 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.