Profund Advisors LLC trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 29.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,330 shares of the business services provider’s stock after selling 1,841 shares during the quarter. Profund Advisors LLC’s holdings in FactSet Research Systems were worth $720,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of FactSet Research Systems by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 3,554,309 shares of the business services provider’s stock valued at $586,142,000 after purchasing an additional 103,458 shares during the period. BlackRock Inc. raised its holdings in shares of FactSet Research Systems by 0.3% in the 2nd quarter. BlackRock Inc. now owns 3,159,707 shares of the business services provider’s stock valued at $525,082,000 after purchasing an additional 8,480 shares during the period. Wellington Management Group LLP raised its holdings in shares of FactSet Research Systems by 2.0% in the 1st quarter. Wellington Management Group LLP now owns 1,282,438 shares of the business services provider’s stock valued at $211,487,000 after purchasing an additional 25,295 shares during the period. State Street Corp raised its holdings in shares of FactSet Research Systems by 1.9% in the 1st quarter. State Street Corp now owns 1,038,821 shares of the business services provider’s stock valued at $171,308,000 after purchasing an additional 19,591 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of FactSet Research Systems by 3.8% in the 1st quarter. Bank of America Corp DE now owns 989,548 shares of the business services provider’s stock valued at $163,186,000 after purchasing an additional 35,850 shares during the period. 93.72% of the stock is currently owned by institutional investors.

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In other FactSet Research Systems news, Chairman Philip A. Hadley sold 38,942 shares of FactSet Research Systems stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $163.83, for a total value of $6,379,867.86. Following the sale, the chairman now owns 666,494 shares of the company’s stock, valued at $109,191,712.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Philip A. Hadley sold 5,983 shares of FactSet Research Systems stock in a transaction dated Wednesday, July 5th. The stock was 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 188,784 shares of company stock worth $31,456,615. Insiders own 2.70% of the company’s stock.

A number of brokerages have recently issued reports on FDS. Zacks Investment Research raised shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. BidaskClub cut shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $163.00 target price on shares of FactSet Research Systems in a report on Tuesday, July 25th. Northcoast Research raised shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Thursday. Finally, UBS AG reaffirmed a “buy” rating and issued a $146.00 target price (down from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $164.80.

FactSet Research Systems Inc. (NYSE:FDS) opened at 168.61 on Monday. The company has a market capitalization of $6.61 billion, a PE ratio of 19.66 and a beta of 0.97. The firm has a 50-day moving average of $160.34 and a 200 day moving average of $164.48. FactSet Research Systems Inc. has a 12-month low of $150.95 and a 12-month high of $183.64.

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

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

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.

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

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