AQR Capital Management LLC Grows Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

AQR Capital Management LLC grew its stake in FactSet Research Systems Inc. (NYSE:FDS) by 68.8% in the second quarter, Holdings Channel.com reports. The firm owned 14,994 shares of the business services provider’s stock after acquiring an additional 6,111 shares during the quarter. AQR Capital Management LLC’s holdings in FactSet Research Systems were worth $6,122,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FDS. PineStone Asset Management Inc. raised its stake in 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 worth $111,447,000 after purchasing an additional 94,952 shares during the period. Norden Group LLC lifted its holdings in 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 acquiring an additional 43,346 shares during the last quarter. Dimensional Fund Advisors LP grew its position in FactSet Research Systems by 21.5% in the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after acquiring an additional 41,717 shares during the period. BNP Paribas Financial Markets increased its stake in FactSet Research Systems by 198.2% during the first quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider’s stock worth $23,352,000 after acquiring an additional 34,156 shares during the last quarter. Finally, Tandem Investment Advisors Inc. raised its position in FactSet Research Systems by 13.0% in the first quarter. Tandem Investment Advisors Inc. now owns 246,543 shares of the business services provider’s stock valued at $112,027,000 after purchasing an additional 28,391 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the transaction, the executive vice president now owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,362 shares of company stock worth $12,688,945. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on FDS shares. Wells Fargo & Company raised their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Morgan Stanley lifted their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research report on Monday, June 24th. Royal Bank of Canada upped their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a report on Friday, September 20th. UBS Group lifted their target price on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, BMO Capital Markets upped their price target on FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and an average target price of $448.46.

FactSet Research Systems Trading Down 0.5 %

NYSE:FDS opened at $457.00 on Friday. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $488.64. The firm has a market cap of $17.38 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65. The stock has a fifty day moving average price of $427.81 and a 200 day moving average price of $427.74.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter last year, the business posted $2.93 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.16 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

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.