Virtu Financial LLC Takes $829,000 Position in FactSet Research Systems Inc. (NYSE:FDS)

Virtu Financial LLC acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 2nd quarter, HoldingsChannel reports. The fund acquired 2,032 shares of the business services provider’s stock, valued at approximately $829,000.

Several other large investors have also modified their holdings of the company. UMB Bank n.a. grew its stake in shares of FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after acquiring an additional 39 shares during the last quarter. Crewe Advisors LLC grew its position in FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 60 shares during the last quarter. Quest Partners LLC increased its holdings in shares of FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. Gladius Capital Management LP acquired a new position in shares of FactSet Research Systems during the second quarter valued at about $33,000. Finally, SJS Investment Consulting Inc. raised its position in shares of FactSet Research Systems by 300.0% during the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock valued at $36,000 after buying an additional 66 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Robin Ann Abrams sold 2,375 shares of the business’s 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 completion of the transaction, the director now owns 9,193 shares in the company, valued at approximately $3,867,587.03. The transaction 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 firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $428.42, for a total value of $452,839.94. Following the transaction, the chief technology officer now owns 687 shares in the company, valued at $294,324.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction dated 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 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 have sold 12,432 shares of company stock valued at $5,166,986 over the last three months. 1.00% of the stock is owned by insiders.

FactSet Research Systems Trading Up 5.2 %

FDS stock opened at $469.94 on Friday. The business has a fifty day moving average price of $419.80 and a 200 day moving average price of $428.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $488.64. The stock has a market capitalization of $17.88 billion, a price-to-earnings ratio of 35.44, a P/E/G ratio of 2.64 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 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 business had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $552.71 million. During the same period in the previous year, the business posted $3.79 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts expect that FactSet Research Systems Inc. will post 16.28 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.89%. FactSet Research Systems’s payout ratio is 31.37%.

Wall Street Analyst Weigh In

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