BlackRock Inc. Raises Holdings in FactSet Research Systems Inc. (FDS)

BlackRock Inc. raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,159,707 shares of the business services provider’s stock after buying an additional 8,480 shares during the quarter. BlackRock Inc. owned about 8.05% of FactSet Research Systems worth $525,082,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FDS. First Trust Advisors LP raised its stake in shares of FactSet Research Systems by 16.6% in the first quarter. First Trust Advisors LP now owns 30,643 shares of the business services provider’s stock valued at $5,053,000 after buying an additional 4,369 shares during the period. Suntrust Banks Inc. grew its position in shares of FactSet Research Systems by 4.0% in the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 50 shares in the last quarter. World Asset Management Inc grew its position in shares of FactSet Research Systems by 14.2% in the first quarter. World Asset Management Inc now owns 2,811 shares of the business services provider’s stock valued at $464,000 after purchasing an additional 349 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of FactSet Research Systems in the first quarter valued at $1,749,000. Finally, Keybank National Association OH grew its position in shares of FactSet Research Systems by 2.9% in the first quarter. Keybank National Association OH now owns 2,373 shares of the business services provider’s stock valued at $391,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 93.72% of the company’s stock.

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Several research firms recently commented on FDS. Zacks Investment Research upgraded FactSet Research Systems from a “hold” rating to a “buy” rating and set a $187.00 target price for the company in a research report on Friday. Northcoast Research upgraded FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 target price for the company in a research report on Thursday. BidaskClub cut FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Stifel Nicolaus restated a “hold” rating and set a $163.00 target price on shares of FactSet Research Systems in a research report on Tuesday, July 25th. Finally, UBS AG restated a “buy” rating and set a $146.00 target price (down from $150.00) on shares of FactSet Research Systems in a research report on Friday, June 9th. Four equities 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 stock presently has an average rating of “Hold” and an average price target of $164.80.

In related news, Director Philip A. Hadley sold 43,842 shares of FactSet Research Systems stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $163.87, for a total value of $7,184,388.54. Following the completion of the transaction, the director now owns 666,494 shares in the company, valued at $109,218,371.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Philip A. Hadley sold 38,942 shares of FactSet Research Systems 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 transaction, the chairman now owns 666,494 shares of the company’s stock, valued at approximately $109,191,712.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 188,784 shares of company stock valued at $31,456,615. 2.70% of the stock is currently owned by company insiders.

Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at 168.61 on Friday. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 19.66 and a beta of 0.97. FactSet Research Systems Inc. has a 1-year low of $150.95 and a 1-year high of $183.64. The stock has a 50 day moving average price of $160.34 and a 200-day moving average price of $164.48.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, June 27th. The business services provider reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The company had revenue of $312.12 million during the quarter, compared to analyst estimates of $314.14 million. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.64 earnings per share. Equities research analysts forecast that FactSet Research Systems Inc. will post $7.30 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Thursday, August 31st were given a $0.56 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $2.24 annualized dividend and a yield of 1.33%. FactSet Research Systems’s dividend payout ratio is currently 26.20%.

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.

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

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