FactSet Research Systems Inc. (NYSE:FDS) is Heron Bay Capital Management’s 8th Largest Position

Heron Bay Capital Management lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 22.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,258 shares of the business services provider’s stock after acquiring an additional 7,533 shares during the quarter. FactSet Research Systems accounts for about 3.6% of Heron Bay Capital Management’s holdings, making the stock its 8th biggest position. Heron Bay Capital Management owned about 0.11% of FactSet Research Systems worth $16,844,000 at the end of the most recent reporting period.

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

FactSet Research Systems Stock Down 0.8 %

FDS stock opened at $465.91 on Friday. The company has a market capitalization of $17.72 billion, a P/E ratio of 35.14, a PEG ratio of 2.64 and a beta of 0.75. The firm has a 50 day simple moving average of $421.66 and a 200-day simple moving average of $428.33. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $488.64.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The business had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter last year, the company posted $2.93 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that FactSet Research Systems Inc. will post 16.28 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Wall Street Analysts Forecast Growth

FDS has been the topic of several recent research reports. Bank of America downgraded shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $500.00 to $407.00 in a report on Thursday, May 30th. Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday. Wells Fargo & Company upped their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday. BMO Capital Markets lifted their price target on shares of FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a report on Friday. Finally, Morgan Stanley upped their price target on 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 research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and an average target price of $446.67.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $408.98, for a total value of $1,226,940.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $408.98, for a total value of $1,226,940.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,281,976.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robin Ann Abrams sold 2,375 shares of the 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 transaction, the director now owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,432 shares of company stock worth $5,166,986. 1.00% of the stock is currently owned by company insiders.

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.