SG Americas Securities LLC Buys 4,174 Shares of FactSet Research Systems Inc. $FDS

SG Americas Securities LLC grew its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 150.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,940 shares of the business services provider’s stock after purchasing an additional 4,174 shares during the quarter. SG Americas Securities LLC’s holdings in FactSet Research Systems were worth $3,104,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SouthState Corp grew its stake in shares of FactSet Research Systems by 1,400.0% in the first quarter. SouthState Corp now owns 60 shares of the business services provider’s stock valued at $27,000 after buying an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in FactSet Research Systems by 4,200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock worth $39,000 after purchasing an additional 84 shares during the period. Cullen Frost Bankers Inc. raised its stake in FactSet Research Systems by 4,300.0% in the second quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider’s stock valued at $39,000 after buying an additional 86 shares during the period. WPG Advisers LLC bought a new stake in FactSet Research Systems in the first quarter valued at approximately $41,000. Finally, Bank of Jackson Hole Trust lifted its holdings in FactSet Research Systems by 187.9% during the 1st quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

Insider Transactions at FactSet Research Systems

In other news, insider Christopher Mcloughlin purchased 338 shares of the business’s stock in a transaction dated 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 owned 3,446 shares in the company, valued at approximately $1,020,670.74. The trade was a 10.88% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Goran Skoko acquired 500 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the executive vice president directly owned 9,192 shares of the company’s stock, valued at $2,324,932.56. The trade was a 5.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 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

NYSE:FDS opened at $272.18 on Wednesday. The stock has a fifty day moving average price of $288.83 and a 200-day moving average price of $374.72. The company has a market cap of $10.18 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 2.73 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.40 and a current ratio of 1.40. FactSet Research Systems Inc. has a fifty-two week low of $250.50 and a fifty-two week high of $496.90.

FactSet Research Systems (NYSE:FDS) last issued 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). The company had revenue of $596.90 million during the quarter, compared to the consensus estimate of $593.32 million. FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.74 EPS. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company 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 $1.10 dividend. The ex-dividend date 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 presently 28.30%.

Analyst Upgrades and Downgrades

Several research firms have commented on FDS. Wells Fargo & Company decreased their price objective on shares of FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating on the stock in a report on Friday, September 19th. Rothschild Redb raised shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a report on Friday, September 12th. Rothschild & Co Redburn raised shares of FactSet Research Systems from a “sell” rating to a “neutral” rating and lowered their price target for the company from $415.00 to $370.00 in a report on Friday, September 12th. Wolfe Research restated an “underperform” rating and set a $290.00 price objective on shares of FactSet Research Systems in a research report on Friday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $350.10.

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.