Fiduciary Management Inc. WI purchased a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 191,300 shares of the business services provider’s stock, valued at approximately $31,790,000. Fiduciary Management Inc. WI owned about 0.49% of FactSet Research Systems at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Bridgewater Associates LP raised its stake in shares of FactSet Research Systems by 1,214.4% during the first quarter. Bridgewater Associates LP now owns 18,401 shares of the business services provider’s stock worth $3,035,000 after purchasing an additional 17,001 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of FactSet Research Systems by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 475,631 shares of the business services provider’s stock worth $79,040,000 after purchasing an additional 2,224 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in shares of FactSet Research Systems by 54.8% during the second quarter. Virginia Retirement Systems ET AL now owns 86,200 shares of the business services provider’s stock worth $14,325,000 after purchasing an additional 30,500 shares during the last quarter. Airain ltd purchased a new stake in shares of FactSet Research Systems during the second quarter worth approximately $1,195,000. Finally, BB&T Corp raised its stake in shares of FactSet Research Systems by 3.1% during the second quarter. BB&T Corp now owns 31,304 shares of the business services provider’s stock worth $5,202,000 after purchasing an additional 946 shares during the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.
FDS has been the subject of several analyst reports. Zacks Investment Research cut FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. UBS AG restated a “buy” rating and set a $146.00 price target (down previously from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. BidaskClub cut FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Stifel Nicolaus restated a “hold” rating and set a $163.00 price target on shares of FactSet Research Systems in a research note on Tuesday, July 25th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $162.67.
In other news, Director Philip A. Hadley sold 100,017 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $168.99, for a total value of $16,901,872.83. Following the sale, the director now owns 761,436 shares of the company’s stock, valued at approximately $128,675,069.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Philip A. Hadley sold 38,942 shares of the business’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $163.83, for a total value of $6,379,867.86. Following the completion of the sale, the chairman now directly owns 666,494 shares in the company, valued at approximately $109,191,712.02. The disclosure for this sale can be found here. Insiders sold a total of 205,858 shares of company stock worth $34,287,143 in the last three months. Company insiders own 2.70% of the company’s stock.
FactSet Research Systems Inc. (FDS) traded up 0.23% during mid-day trading on Friday, reaching $161.85. The company’s stock had a trading volume of 353,913 shares. The company has a market capitalization of $6.35 billion, a PE ratio of 18.87 and a beta of 0.97. FactSet Research Systems Inc. has a 1-year low of $150.95 and a 1-year high of $183.64. The firm has a 50 day moving average price of $160.52 and a 200-day moving average price of $164.91.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, June 27th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.01. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The company had revenue of $312.12 million during the quarter, compared to analyst estimates of $314.14 million. During the same quarter in the previous year, the firm posted $1.64 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts predict that FactSet Research Systems Inc. will post $7.30 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Tuesday, August 29th. FactSet Research Systems’s dividend payout ratio is presently 26.20%.
TRADEMARK VIOLATION NOTICE: “191,300 Shares in FactSet Research Systems Inc. (FDS) Acquired by Fiduciary Management Inc. WI” was originally posted by Equities Focus and is the sole property of of Equities Focus. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.equitiesfocus.com/2017/09/17/191300-shares-in-factset-research-systems-inc-fds-acquired-by-fiduciary-management-inc-wi.html.
About FactSet Research Systems
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
Receive News & Ratings for FactSet Research Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.