Hendley & Co. Inc. Has $4.30 Million Stock Position in FactSet Research Systems Inc. $FDS

Hendley & Co. Inc. increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 166.0% during the first quarter, HoldingsChannel reports. The fund owned 19,820 shares of the business services provider’s stock after acquiring an additional 12,370 shares during the quarter. FactSet Research Systems makes up about 1.6% of Hendley & Co. Inc.’s portfolio, making the stock its 25th biggest holding. Hendley & Co. Inc.’s holdings in FactSet Research Systems were worth $4,301,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. SG Americas Securities LLC grew its position in FactSet Research Systems by 240.5% in the 1st quarter. SG Americas Securities LLC now owns 70,920 shares of the business services provider’s stock worth $15,389,000 after purchasing an additional 50,092 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of FactSet Research Systems by 683.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 33,094 shares of the business services provider’s stock valued at $9,604,000 after buying an additional 28,872 shares during the period. Corient Private Wealth LLC lifted its stake in shares of FactSet Research Systems by 52.1% in the fourth quarter. Corient Private Wealth LLC now owns 6,367 shares of the business services provider’s stock valued at $1,848,000 after buying an additional 2,180 shares during the period. Midway Capital Research & Management acquired a new stake in FactSet Research Systems during the fourth quarter worth about $304,000. Finally, Tobam acquired a new stake in FactSet Research Systems during the fourth quarter worth about $819,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock opened at $218.96 on Tuesday. The firm has a market cap of $7.98 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.85 and a beta of 0.71. The firm’s 50-day simple moving average is $231.15 and its 200-day simple moving average is $240.97. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $453.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 1.43.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.37 by $0.09. The firm had revenue of $611.02 million during the quarter, compared to analyst estimates of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.28 earnings per share. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.66 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 29th were paid a $1.16 dividend. The ex-dividend date was Friday, May 29th. This represents a $4.64 annualized dividend and a dividend yield of 2.1%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s dividend payout ratio is currently 29.84%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FDS shares. The Goldman Sachs Group lowered FactSet Research Systems from a “sell” rating to an “underweight” rating in a research note on Thursday. Rothschild & Co Redburn downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price objective for the company. in a research report on Thursday, June 18th. Royal Bank Of Canada decreased their price objective on FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Barclays lowered their price objective on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research report on Monday, February 23rd. Finally, UBS Group cut their target price on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $267.69.

FactSet Research Systems Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.