Great Lakes Advisors LLC Has $3.49 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

Great Lakes Advisors LLC grew its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 0.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,548 shares of the business services provider’s stock after buying an additional 67 shares during the quarter. Great Lakes Advisors LLC’s holdings in FactSet Research Systems were worth $3,490,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FDS. Norges Bank acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $47,977,000. PineStone Asset Management Inc. grew its stake in shares of FactSet Research Systems by 53.3% during the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after purchasing an additional 94,952 shares during the last quarter. Norden Group LLC increased its holdings in shares of FactSet Research Systems by 1,844.5% in the first quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock valued at $20,761,000 after purchasing an additional 43,346 shares in the last quarter. BNP Paribas Financial Markets raised its position in FactSet Research Systems by 198.2% in the 1st quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider’s stock worth $23,352,000 after purchasing an additional 34,156 shares during the last quarter. Finally, Tandem Investment Advisors Inc. lifted its holdings in FactSet Research Systems by 13.0% during the 1st quarter. Tandem Investment Advisors Inc. now owns 246,543 shares of the business services provider’s stock worth $112,027,000 after buying an additional 28,391 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Up 1.1 %

Shares of FDS stock opened at $428.90 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 firm has a fifty day moving average of $415.89 and a 200-day moving average of $428.92. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 32.35, a P/E/G ratio of 2.55 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.91 by $0.46. The firm had revenue of $552.70 million for the quarter, compared to the consensus estimate 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 for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $3.79 EPS. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 16.28 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be paid 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 0.97%. FactSet Research Systems’s dividend payout ratio is currently 31.37%.

Insider Transactions at FactSet Research Systems

In related news, CTO Katherine M. Stepp sold 1,057 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $428.42, for a total transaction of $452,839.94. Following the completion of the transaction, the chief technology officer now owns 687 shares in the company, valued at $294,324.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO Katherine M. Stepp sold 1,057 shares of the company’s stock in a transaction dated 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 owns 687 shares in the company, valued at $294,324.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin Ann Abrams sold 2,375 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were 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 $3,867,587.03. The disclosure for this sale can be found here. Insiders sold 12,432 shares of company stock valued at $5,166,986 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Morgan Stanley lifted their target price 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. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Jefferies Financial Group cut their target price on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Wells Fargo & Company raised shares of FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a report on Monday, June 24th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and a consensus target price of $432.27.

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.