Geode Capital Management LLC Has $518.68 Million Stake in FactSet Research Systems Inc. $FDS

Geode Capital Management LLC grew its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,162,256 shares of the business services provider’s stock after acquiring an additional 27,035 shares during the quarter. Geode Capital Management LLC’s holdings in FactSet Research Systems were worth $518,683,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of FactSet Research Systems by 57.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 829,174 shares of the business services provider’s stock worth $370,873,000 after acquiring an additional 301,129 shares during the period. PFG Advisors raised its position in FactSet Research Systems by 4,209.8% in the second quarter. PFG Advisors now owns 192,000 shares of the business services provider’s stock worth $85,878,000 after purchasing an additional 187,545 shares in the last quarter. Vanguard Group Inc. raised its position in FactSet Research Systems by 3.0% in the first quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider’s stock worth $2,180,160,000 after purchasing an additional 137,874 shares in the last quarter. Nuveen LLC bought a new position in FactSet Research Systems during the first quarter worth about $54,148,000. Finally, Millennium Management LLC boosted its holdings in FactSet Research Systems by 58.6% during the first quarter. Millennium Management LLC now owns 110,409 shares of the business services provider’s stock valued at $50,196,000 after purchasing an additional 40,800 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FDS shares. Wells Fargo & Company dropped their target price on FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating for the company in a report on Friday, September 19th. Zacks Research cut FactSet Research Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Barclays cut their price objective on FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, September 19th. Morgan Stanley lowered their target price on shares of FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating on the stock in a report on Friday, September 19th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a report on Thursday. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FactSet Research Systems currently has an average rating of “Reduce” and a consensus target price of $350.10.

Insiders Place Their Bets

In related news, EVP Helen L. Shan acquired 370 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was acquired at an average cost of $275.48 per share, with a total value of $101,927.60. Following the completion of the purchase, the executive vice president directly owned 9,284 shares in the company, valued at approximately $2,557,556.32. This trade represents a 4.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Mcloughlin acquired 338 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was bought at an average price of $296.19 per share, with a total value of $100,112.22. Following the acquisition, the insider directly owned 3,446 shares of the company’s stock, valued at $1,020,670.74. The trade was a 10.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 1,208 shares of company stock valued at $328,505. Company insiders own 1.20% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS opened at $273.63 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.40 and a current ratio of 1.40. The business has a fifty day moving average of $292.89 and a 200-day moving average of $377.71. FactSet Research Systems Inc. has a twelve month low of $250.50 and a twelve month high of $496.90. The firm has a market cap of $10.24 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 2.73 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Wednesday, September 17th. The business services provider reported $4.05 EPS for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.08). The firm had revenue of $596.90 million during the quarter, compared to analyst estimates of $593.32 million. FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.FactSet Research Systems’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.74 earnings per share. On average, equities research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 28th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 28.30%.

FactSet Research Systems Company Profile

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.