Axxcess Wealth Management LLC Acquires 356 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Axxcess Wealth Management LLC grew its stake in FactSet Research Systems Inc. (NYSE:FDS) by 18.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,338 shares of the business services provider’s stock after acquiring an additional 356 shares during the period. Axxcess Wealth Management LLC’s holdings in FactSet Research Systems were worth $955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FDS. Vanguard Group Inc. grew its stake in FactSet Research Systems by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock valued at $2,077,267,000 after purchasing an additional 11,974 shares in the last quarter. Ninety One UK Ltd boosted its holdings in shares of FactSet Research Systems by 0.9% in the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock valued at $496,645,000 after buying an additional 10,928 shares during the last quarter. PineStone Asset Management Inc. grew its stake in shares of 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 valued at $111,447,000 after buying an additional 94,952 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in FactSet Research Systems by 3.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider’s stock worth $120,178,000 after buying an additional 9,925 shares during the last quarter. Finally, Tandem Investment Advisors Inc. raised its position in FactSet Research Systems by 1.4% during the second quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock worth $102,079,000 after acquiring an additional 3,485 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robin Ann Abrams sold 2,375 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the sale, the director now owns 9,193 shares of the company’s stock, valued at $3,867,587.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,281,976.70. 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 quarter. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Performance

FDS opened at $469.94 on Friday. 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 has a fifty day simple moving average of $419.80 and a 200 day simple moving average of $428.28. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The company has a market capitalization of $17.88 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share 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 the consensus estimate of $552.71 million. During the same quarter last year, the firm earned $3.79 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. Research analysts expect that FactSet Research Systems Inc. will post 16.28 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is 31.37%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FDS. Wells Fargo & Company raised shares of FactSet Research Systems to a “hold” rating in a research report on Tuesday, August 13th. Morgan Stanley boosted 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. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research note on Monday, June 24th. Jefferies Financial Group reduced their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. Finally, 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 research note on Thursday, May 30th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $432.27.

About FactSet Research Systems

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.