TIAA CREF Investment Management LLC lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 18.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,970 shares of the business services provider’s stock after purchasing an additional 21,867 shares during the period. TIAA CREF Investment Management LLC owned about 0.36% of FactSet Research Systems worth $23,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. SRS Capital Advisors Inc. increased its stake in shares of FactSet Research Systems by 17.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 891 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 132 shares in the last quarter. Harfst & Associates Inc. purchased a new position in shares of FactSet Research Systems in the 1st quarter valued at about $199,000. Suntrust Banks Inc. increased its stake in shares of FactSet Research Systems by 4.0% in the 1st quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 50 shares in the last quarter. Penobscot Investment Management Company Inc. increased its stake in shares of FactSet Research Systems by 9.4% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 1,390 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 120 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of FactSet Research Systems in the 1st quarter valued at about $238,000. Hedge funds and other institutional investors own 93.72% of the company’s stock.

In other news, Director Philip A. Hadley sold 5,983 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $165.55, for a total transaction of $990,485.65. Following the completion of the sale, the director now directly owns 705,436 shares in the company, valued at approximately $116,784,929.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Philip A. Hadley sold 43,842 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $163.87, for a total transaction of $7,184,388.54. Following the sale, the director now owns 666,494 shares of the company’s stock, valued at $109,218,371.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 188,784 shares of company stock valued at $31,456,615. Insiders own 2.70% of the company’s stock.

Shares of FactSet Research Systems Inc. (NYSE FDS) opened at 168.61 on Monday. FactSet Research Systems Inc. has a 1-year low of $150.95 and a 1-year high of $183.64. The firm’s 50-day moving average price is $160.34 and its 200 day moving average price is $164.48. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 19.66 and a beta of 0.97.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Tuesday, June 27th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.01. FactSet Research Systems had a net margin of 29.02% and a return on equity of 55.72%. The company had revenue of $312.12 million during the quarter, compared to the consensus estimate of $314.14 million. During the same period last year, the firm earned $1.64 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts expect that FactSet Research Systems Inc. will post $7.30 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st were given a dividend of $0.56 per share. The ex-dividend date was Tuesday, August 29th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.33%. FactSet Research Systems’s payout ratio is 26.20%.

FDS has been the subject of several recent analyst reports. Zacks Investment Research upgraded FactSet Research Systems from a “hold” rating to a “buy” rating and set a $187.00 price target for the company in a research note on Friday. Northcoast Research upgraded FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price target for the company in a research note on Thursday. UBS AG restated a “buy” rating and issued 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 upgraded FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $163.00 price target on shares of FactSet Research Systems in a research note on Tuesday, July 25th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $164.80.

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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)

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