Advisor Group Inc. Has $1.07 Million Stake in FactSet Research Systems Inc. (FDS)
Advisor Group Inc. grew its stake in FactSet Research Systems Inc. (NYSE:FDS) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,913 shares of the business services provider’s stock after buying an additional 301 shares during the quarter. Advisor Group Inc.’s holdings in FactSet Research Systems were worth $1,065,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. ETF Managers Group LLC acquired a new position in shares of FactSet Research Systems in the 2nd quarter valued at about $121,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of FactSet Research Systems in the 2nd quarter valued at about $126,000. Gotham Asset Management LLC lifted its holdings in shares of FactSet Research Systems by 6.8% in the 2nd quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock valued at $215,000 after buying an additional 82 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of FactSet Research Systems by 107.9% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,316 shares of the business services provider’s stock valued at $237,000 after buying an additional 683 shares during the period. Finally, Penobscot Investment Management Company Inc. lifted its holdings 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 buying an additional 120 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) assumed coverage on FactSet Research Systems in a report on Wednesday, November 8th. They issued a “neutral” rating and a $194.00 price objective for the company. Zacks Investment Research cut FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Morgan Stanley boosted their price objective on FactSet Research Systems from $166.00 to $171.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Credit Suisse Group reissued an “outperform” rating and issued a $205.00 price objective (up previously from $200.00) on shares of FactSet Research Systems in a report on Monday, October 23rd. Finally, Barclays PLC upped their price target on FactSet Research Systems from $164.00 to $175.00 and gave the stock an “underweight” rating in a report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. FactSet Research Systems presently has an average rating of “Hold” and a consensus price target of $178.91.
FactSet Research Systems Inc. (NYSE:FDS) opened at $196.09 on Monday. The firm has a market capitalization of $7,669.03, a PE ratio of 26.83, a P/E/G ratio of 2.23 and a beta of 0.96. FactSet Research Systems Inc. has a fifty-two week low of $155.09 and a fifty-two week high of $196.70. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.03.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The company had revenue of $326.60 million during the quarter, compared to analysts’ expectations of $325.26 million. During the same quarter in the prior year, the firm posted $1.69 EPS. FactSet Research Systems’s quarterly revenue was up 13.7% compared to the same quarter last year. analysts forecast that FactSet Research Systems Inc. will post 8.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.24 annualized dividend and a yield of 1.14%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 34.36%.
In other FactSet Research Systems news, VP Matthew J. Mcnulty sold 1,049 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $181.00, for a total transaction of $189,869.00. Following the completion of the sale, the vice president now directly owns 2,499 shares in the company, valued at approximately $452,319. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Mark J. Hale sold 9,458 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $180.34, for a total value of $1,705,655.72. Following the sale, the chief operating officer now owns 11,314 shares of the company’s stock, valued at $2,040,366.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,841 shares of company stock valued at $3,224,739. 2.80% of the stock is owned by company insiders.
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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.
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