FactSet Research Systems Inc. (NYSE:FDS) Shares Acquired by Summit Financial LLC

Summit Financial LLC boosted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 16.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,279 shares of the business services provider’s stock after buying an additional 182 shares during the period. Summit Financial LLC’s holdings in FactSet Research Systems were worth $522,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in FactSet Research Systems by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 254,556 shares of the business services provider’s stock worth $115,752,000 after purchasing an additional 10,727 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of FactSet Research Systems by 6.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock valued at $175,919,000 after buying an additional 20,787 shares during the period. SteelPeak Wealth LLC boosted its stake in FactSet Research Systems by 134.1% during the second quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 1,506 shares in the last quarter. Bell Asset Management Ltd acquired a new position in FactSet Research Systems during the fourth quarter worth about $6,756,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in FactSet Research Systems by 3.1% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock worth $20,321,000 after acquiring an additional 1,389 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 1.2 %

FactSet Research Systems stock opened at $422.84 on Tuesday. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The stock has a market cap of $16.08 billion, a P/E ratio of 31.89, a P/E/G ratio of 2.53 and a beta of 0.75. The company’s fifty day simple moving average is $414.53 and its 200-day simple moving average is $429.97.

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 for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The firm had revenue of $552.70 million for the quarter, compared to analyst estimates of $552.71 million. During the same quarter last year, the firm earned $3.79 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, sell-side analysts forecast that FactSet Research Systems Inc. will post 16.29 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business 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 $1.04 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.98%. FactSet Research Systems’s dividend payout ratio is currently 31.37%.

Insider Transactions at FactSet Research Systems

In related news, Director Robin Ann Abrams sold 2,375 shares of the firm’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 transaction, the director now directly owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,281,976.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the transaction, the director now owns 9,193 shares in the company, valued at approximately $3,867,587.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,432 shares of company stock worth $3,917,216. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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