Formidable Asset Management LLC lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,124 shares of the business services provider’s stock after purchasing an additional 132 shares during the period. Formidable Asset Management LLC’s holdings in FactSet Research Systems were worth $852,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FDS. Bridgewater Associates LP raised its stake in shares of FactSet Research Systems by 1,214.4% during the 1st quarter. Bridgewater Associates LP now owns 18,401 shares of the business services provider’s stock worth $3,035,000 after acquiring an additional 17,001 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of FactSet Research Systems by 330.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 24,966 shares of the business services provider’s stock worth $4,117,000 after acquiring an additional 19,169 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of FactSet Research Systems by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 475,631 shares of the business services provider’s stock worth $79,040,000 after acquiring an additional 2,224 shares in the last quarter. Virginia Retirement Systems ET AL raised its stake in shares of FactSet Research Systems by 54.8% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 86,200 shares of the business services provider’s stock worth $14,325,000 after acquiring an additional 30,500 shares in the last quarter. Finally, BB&T Corp raised its stake in shares of FactSet Research Systems by 3.1% during the 2nd quarter. BB&T Corp now owns 31,304 shares of the business services provider’s stock worth $5,202,000 after acquiring an additional 946 shares in the last quarter. 93.72% of the stock is owned by hedge funds and other institutional investors.

In other FactSet Research Systems news, EVP Scott G. Miller sold 17,074 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $165.78, for a total value of $2,830,527.72. Following the transaction, the executive vice president now directly owns 15,045 shares of the company’s stock, valued at approximately $2,494,160.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $163.83, for a total transaction of $6,379,867.86. Following the completion of the transaction, the chairman now directly owns 666,494 shares in the company, valued at $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 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This story was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.dailypolitical.com/2017/09/15/formidable-asset-management-llc-increases-stake-in-factset-research-systems-inc-fds.html.

Shares of FactSet Research Systems Inc. (NYSE:FDS) traded down 0.20% on Friday, reaching $161.15. 80,806 shares of the company’s stock were exchanged. FactSet Research Systems Inc. has a one year low of $150.95 and a one year high of $183.64. The firm has a market capitalization of $6.32 billion, a P/E ratio of 18.79 and a beta of 0.97. The firm has a 50 day moving average of $160.60 and a 200 day moving average of $165.05.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, June 27th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.01. The company had revenue of $312.12 million for the quarter, compared to analysts’ expectations of $314.14 million. FactSet Research Systems had a net margin of 29.02% and a return on equity of 55.72%. FactSet Research Systems’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 EPS. On average, equities research analysts predict that FactSet Research Systems Inc. will post $7.30 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st will be paid a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.24 annualized dividend and a yield of 1.39%. FactSet Research Systems’s dividend payout ratio is currently 26.20%.

Several research firms recently commented on FDS. BidaskClub lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Stifel Nicolaus reiterated a “hold” rating and set a $163.00 price objective on shares of FactSet Research Systems in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, UBS AG reiterated a “buy” rating and set a $146.00 price objective (down previously from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $164.90.

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.

Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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.