FactSet Research Systems Inc. (NYSE:FDS) Position Boosted by NewEdge Advisors LLC

NewEdge Advisors LLC increased its position in FactSet Research Systems Inc. (NYSE:FDS) by 20.8% in the second quarter, Holdings Channel reports. The firm owned 5,266 shares of the business services provider’s stock after purchasing an additional 908 shares during the quarter. NewEdge Advisors LLC’s holdings in FactSet Research Systems were worth $2,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDS. SkyView Investment Advisors LLC increased its stake in FactSet Research Systems by 13.0% during the second quarter. SkyView Investment Advisors LLC now owns 1,724 shares of the business services provider’s stock valued at $704,000 after purchasing an additional 198 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its position in shares of FactSet Research Systems by 159.7% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 21,040 shares of the business services provider’s stock valued at $8,590,000 after buying an additional 12,938 shares during the last quarter. Scientech Research LLC acquired a new stake in FactSet Research Systems during the second quarter worth about $1,211,000. Mackenzie Financial Corp boosted its stake in FactSet Research Systems by 24.9% in the second quarter. Mackenzie Financial Corp now owns 6,865 shares of the business services provider’s stock valued at $2,803,000 after acquiring an additional 1,368 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of FactSet Research Systems by 2,873.9% during the second quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock valued at $48,822,000 after purchasing an additional 115,561 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Buying and Selling

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,330,666.25. 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 at the SEC website. In related news, Director James J. Mcgonigle sold 5,410 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.83, for a total value of $2,471,450.30. Following the completion of the transaction, the director now owns 5,283 shares of the company’s stock, valued at approximately $2,413,432.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,330,666.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,362 shares of company stock worth $12,688,945 in the last three months. 1.00% of the stock is currently owned by insiders.

FactSet Research Systems Trading Down 0.5 %

Shares of FDS stock opened at $457.00 on Friday. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock has a 50-day simple moving average of $427.81 and a 200 day simple moving average of $427.74. The stock has a market capitalization of $17.38 billion, a P/E ratio of 34.46, a P/E/G ratio of 3.11 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.93 EPS. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.16 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently disclosed 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 0.91%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Analyst Ratings Changes

A number of research firms recently issued reports on FDS. UBS Group boosted their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Evercore ISI assumed coverage on shares of FactSet Research Systems in a research note on Wednesday. They issued an “inline” rating and a $470.00 price target on the stock. Wells Fargo & Company raised their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. Finally, Royal Bank of Canada raised their price target on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a report on Friday, September 20th. Four research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $448.46.

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.