Universal Beteiligungs und Servicegesellschaft mbH Reduces Stock Position in FactSet Research Systems Inc. $FDS

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,661 shares of the business services provider’s stock after selling 355 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in FactSet Research Systems were worth $37,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in FactSet Research Systems by 57.0% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 829,174 shares of the business services provider’s stock worth $370,873,000 after purchasing an additional 301,129 shares during the last quarter. PFG Advisors lifted its holdings in shares of FactSet Research Systems by 4,209.8% during the 2nd quarter. PFG Advisors now owns 192,000 shares of the business services provider’s stock valued at $85,878,000 after buying an additional 187,545 shares during the period. Vanguard Group Inc. lifted its holdings in shares of FactSet Research Systems by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider’s stock valued at $2,180,160,000 after buying an additional 137,874 shares during the period. Nuveen LLC purchased a new position in shares of FactSet Research Systems in the 1st quarter worth $54,148,000. Finally, Millennium Management LLC grew its holdings in shares of FactSet Research Systems by 58.6% in the first quarter. Millennium Management LLC now owns 110,409 shares of the business services provider’s stock worth $50,196,000 after acquiring an additional 40,800 shares during the period. Institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Christopher Mcloughlin acquired 338 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was bought at an average cost of $296.19 per share, with a total value of $100,112.22. Following the completion of the purchase, the insider directly owned 3,446 shares of the company’s stock, valued at $1,020,670.74. This represents a 10.88% 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, EVP Goran Skoko bought 500 shares of FactSet Research Systems stock in a transaction dated Thursday, November 6th. The stock was purchased at an average cost of $252.93 per share, for a total transaction of $126,465.00. Following the purchase, the executive vice president owned 9,192 shares of the company’s stock, valued at approximately $2,324,932.56. This trade represents a 5.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 1,208 shares of company stock worth $328,505 over the last three months. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Rothschild Redb raised FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research report on Friday, September 12th. Stifel Nicolaus dropped their price objective on shares of FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating on the stock in a report on Friday, September 19th. Rothschild & Co Redburn upgraded shares of FactSet Research Systems from a “sell” rating to a “neutral” rating and cut their target price for the company from $415.00 to $370.00 in a research report on Friday, September 12th. Evercore ISI decreased their price target on shares of FactSet Research Systems from $394.00 to $328.00 and set an “in-line” rating on the stock in a research report on Friday, September 19th. Finally, Morgan Stanley lowered their price target 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. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $350.10.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $273.46 on Tuesday. The company’s 50-day moving average price is $290.85 and its 200-day moving average price is $375.87. FactSet Research Systems Inc. has a twelve month low of $250.50 and a twelve month high of $496.90. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.63. The company has a market cap of $10.23 billion, a PE ratio of 17.59, 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 results 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). FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The business had revenue of $596.90 million during the quarter, compared to the consensus estimate of $593.32 million. During the same period in the previous year, the business posted $3.74 EPS. The firm’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 28th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. FactSet Research Systems’s payout ratio is currently 28.30%.

FactSet Research Systems 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.