Thrivent Financial For Lutherans Acquires 590 Shares of FactSet Research Systems Inc. (FDS)
Thrivent Financial For Lutherans boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,000 shares of the business services provider’s stock after buying an additional 590 shares during the quarter. Thrivent Financial For Lutherans’ holdings in FactSet Research Systems were worth $1,329,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of FactSet Research Systems by 12,692.2% in the first quarter. BlackRock Inc. now owns 3,151,227 shares of the business services provider’s stock valued at $519,669,000 after buying an additional 3,126,593 shares in the last quarter. Fiduciary Management Inc. WI acquired a new stake in shares of FactSet Research Systems during the 2nd quarter valued at $31,790,000. Vanguard Group Inc. lifted its position in shares of FactSet Research Systems by 3.0% during 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 acquiring an additional 103,458 shares during the last quarter. Fiera Capital Corp lifted its position in shares of FactSet Research Systems by 34.0% during the 2nd quarter. Fiera Capital Corp now owns 374,353 shares of the business services provider’s stock valued at $62,210,000 after acquiring an additional 95,062 shares during the last quarter. Finally, Bares Capital Management Inc. boosted its stake in shares of FactSet Research Systems by 16.8% during the 1st quarter. Bares Capital Management Inc. now owns 609,909 shares of the business services provider’s stock worth $100,580,000 after acquiring an additional 87,766 shares in the last quarter. Hedge funds and other institutional investors own 93.72% of the company’s stock.
FDS has been the subject of several research reports. Morgan Stanley reissued an “equal weight” rating and set a $166.00 price objective (up from $157.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. BidaskClub lowered FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Northcoast Research raised FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 target price on the stock in a research report on Thursday, September 21st. Bank of America Corporation reaffirmed a “neutral” rating and set a $192.00 target price (up from $180.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $200.00 target price (up from $190.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $170.64.
In other FactSet Research Systems news, Chairman Philip A. Hadley sold 38,942 shares of the stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $163.83, for a total value of $6,379,867.86. Following the completion of the sale, the chairman now directly owns 666,494 shares in the company, valued at $109,191,712.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Matthew J. Mcnulty sold 1,049 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $181.00, for a total value of $189,869.00. Following the completion of the sale, the vice president now owns 2,499 shares of the company’s stock, valued at $452,319. The disclosure for this sale can be found here. Insiders have sold a total of 100,625 shares of company stock worth $16,788,995 in the last ninety days. 2.70% of the stock is currently owned by company insiders.
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Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at 183.10 on Wednesday. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 21.35 and a beta of 0.98. The stock has a 50 day moving average price of $164.08 and a 200-day moving average price of $164.30. FactSet Research Systems Inc. has a 12-month low of $150.95 and a 12-month high of $184.20.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The company had revenue of $326.60 million during the quarter, compared to analyst estimates of $325.26 million. During the same quarter in the previous year, the business earned $1.69 EPS. The firm’s revenue was up 13.7% on a year-over-year basis. Equities analysts anticipate that FactSet Research Systems Inc. will post $8.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Thursday, August 31st were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.22%. The ex-dividend date was Tuesday, August 29th. FactSet Research Systems’s payout ratio is presently 34.36%.
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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