Cambria Investment Management L.P. bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,890 shares of the business services provider’s stock, valued at approximately $1,976,000.

Other institutional investors have also recently bought and sold shares of the company. Harfst & Associates Inc. acquired a new stake in shares of FactSet Research Systems during the first quarter valued at about $199,000. Suntrust Banks Inc. grew its holdings in shares of FactSet Research Systems by 4.0% during the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock worth $215,000 after purchasing an additional 50 shares during the last quarter. Penobscot Investment Management Company Inc. grew its holdings in shares of FactSet Research Systems by 9.4% during the second quarter. Penobscot Investment Management Company Inc. now owns 1,390 shares of the business services provider’s stock worth $231,000 after purchasing an additional 120 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of FactSet Research Systems during the first quarter worth about $238,000. Finally, Farr Miller & Washington LLC DC bought a new stake in shares of FactSet Research Systems during the second quarter worth about $250,000. Hedge funds and other institutional investors own 93.72% of the company’s stock.

FDS has been the subject of a number of research reports. Bank of America Corporation reiterated a “neutral” rating and issued a $192.00 price objective (up previously from $180.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Stifel Nicolaus restated a “hold” rating and issued a $169.00 price target (up from $163.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Morgan Stanley restated an “equal weight” rating and issued a $166.00 price target (up from $157.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Credit Suisse Group reaffirmed an “outperform” rating and set a $200.00 price target (up previously from $190.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Finally, Barclays PLC raised their price target on shares of FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a research note on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $170.64.

In related news, Director Philip A. Hadley sold 43,842 shares of the business’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $163.87, for a total transaction of $7,184,388.54. Following the transaction, the director now owns 666,494 shares in the company, valued at approximately $109,218,371.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Philip A. Hadley sold 38,942 shares of the business’s 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 transaction, the chairman now owns 666,494 shares in the company, valued at approximately $109,191,712.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,625 shares of company stock worth $16,788,995. 2.70% of the stock is owned by insiders.

Shares of FactSet Research Systems Inc. (NYSE:FDS) traded down 0.40% on Wednesday, hitting $182.37. 152,539 shares of the stock were exchanged. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 21.27 and a beta of 0.98. The company has a 50 day moving average of $164.08 and a 200 day moving average of $164.30. FactSet Research Systems Inc. has a 52-week low of $150.95 and a 52-week high of $184.20.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. The firm had revenue of $326.60 million during the quarter, compared to analyst estimates of $325.26 million. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.69 earnings per share. Equities research analysts forecast that FactSet Research Systems Inc. will post $8.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Thursday, August 31st were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, August 29th. FactSet Research Systems’s payout ratio is 34.36%.

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FactSet Research Systems Profile

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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