FactSet Research Systems Inc. (FDS) Position Lowered by IFP Advisors Inc
IFP Advisors Inc lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,365 shares of the business services provider’s stock after selling 302 shares during the quarter. IFP Advisors Inc’s holdings in FactSet Research Systems were worth $468,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in FDS. Birch Hill Investment Advisors LLC bought a new position in FactSet Research Systems in the 1st quarter valued at approximately $202,000. Mission Wealth Management LP bought a new position in FactSet Research Systems during the 1st quarter worth approximately $217,000. Hall Laurie J Trustee bought a new position in FactSet Research Systems during the 2nd quarter worth approximately $218,000. Parametrica Management Ltd bought a new position in FactSet Research Systems during the 1st quarter worth approximately $342,000. Finally, Suntrust Banks Inc. raised its holdings in FactSet Research Systems by 19.0% during the 1st quarter. Suntrust Banks Inc. now owns 1,794 shares of the business services provider’s stock worth $356,000 after purchasing an additional 286 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.
FDS stock traded up $0.91 during mid-day trading on Friday, reaching $235.09. 184,592 shares of the company traded hands, compared to its average volume of 197,736. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $8.92 billion, a PE ratio of 28.23, a PEG ratio of 2.28 and a beta of 0.99. FactSet Research Systems Inc. has a 52-week low of $160.40 and a 52-week high of $237.29.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, August 30th. FactSet Research Systems’s payout ratio is 35.02%.
In other FactSet Research Systems news, CFO Maurizio Nicolelli sold 10,487 shares of the company’s stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $203.89, for a total value of $2,138,194.43. Following the completion of the sale, the chief financial officer now owns 11,352 shares of the company’s stock, valued at $2,314,559.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Philip A. Hadley sold 70,000 shares of the business’s stock in a transaction that occurred on Friday, July 13th. The shares were sold at an average price of $203.63, for a total value of $14,254,100.00. Following the completion of the sale, the director now owns 651,191 shares of the company’s stock, valued at approximately $132,602,023.33. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.
Several analysts have recently commented on the stock. Morgan Stanley set a $210.00 price objective on shares of FactSet Research Systems and gave the stock a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $251.00 price target for the company in a research report on Tuesday, August 28th. Finally, ValuEngine raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $199.31.
About FactSet Research Systems
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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