Royal London Asset Management Ltd. Lowers Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Royal London Asset Management Ltd. cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDSFree Report) by 14.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 123,981 shares of the business services provider’s stock after selling 20,565 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.33% of FactSet Research Systems worth $50,618,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FDS. Norges Bank purchased a new position in FactSet Research Systems during the 4th quarter valued at about $47,977,000. PineStone Asset Management Inc. increased its holdings in FactSet Research Systems by 53.3% during the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after buying an additional 94,952 shares during the period. Norden Group LLC lifted its holdings in FactSet Research Systems by 1,844.5% during the first quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock worth $20,761,000 after buying an additional 43,346 shares during the period. BNP Paribas Financial Markets boosted its position in FactSet Research Systems by 198.2% during the 1st quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider’s stock valued at $23,352,000 after acquiring an additional 34,156 shares in the last quarter. Finally, Tandem Investment Advisors Inc. increased its holdings in shares of FactSet Research Systems by 13.0% in the 1st quarter. Tandem Investment Advisors Inc. now owns 246,543 shares of the business services provider’s stock valued at $112,027,000 after acquiring an additional 28,391 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 2.7 %

FactSet Research Systems stock opened at $440.54 on Wednesday. The stock has a 50-day moving average price of $416.38 and a 200 day moving average price of $428.76. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 2.55 and a beta of 0.75. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDSGet Free Report) last released its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. The firm had revenue of $552.70 million for the quarter, compared to analyst estimates of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.79 earnings per share. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 16.28 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 30th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is 31.37%.

Wall Street Analysts Forecast Growth

FDS has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research note on Monday, June 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a research report on Monday, June 24th. Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Wells Fargo & Company upgraded FactSet Research Systems to a “hold” rating in a report on Tuesday, August 13th. Finally, Jefferies Financial Group dropped their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $432.27.

View Our Latest Report on FDS

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total value of $999,186.25. Following the completion of the transaction, the director now owns 9,193 shares in the company, valued at approximately $3,867,587.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The disclosure for this sale can be found here. Insiders have sold a total of 12,432 shares of company stock valued at $5,166,986 over the last ninety days. Company insiders own 1.00% of the company’s stock.

About FactSet Research Systems

(Free Report)

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.

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

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