FactSet Research Systems Inc. (FDS) Stake Maintained by Westpac Banking Corp
Westpac Banking Corp maintained its position in FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,600 shares of the company’s stock at the end of the second quarter. Westpac Banking Corp owned 0.09% of FactSet Research Systems worth $6,231,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in FDS. Penserra Capital Management LLC increased its stake in shares of FactSet Research Systems by 37.7% in the second quarter. Penserra Capital Management LLC now owns 712 shares of the company’s stock worth $115,000 after buying an additional 195 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of FactSet Research Systems by 571.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 940 shares of the company’s stock worth $152,000 after buying an additional 800 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of FactSet Research Systems by 1.1% in the second quarter. Glenmede Trust Co. NA now owns 1,142 shares of the company’s stock worth $184,000 after buying an additional 12 shares during the last quarter. Wesbanco Bank Inc. purchased a new stake in shares of FactSet Research Systems during the second quarter worth about $208,000. Finally, Eaton Vance Management purchased a new stake in shares of FactSet Research Systems during the second quarter worth about $210,000. Institutional investors and hedge funds own 94.31% of the company’s stock.
Shares of FactSet Research Systems Inc. (NYSE:FDS) traded up 0.11% on Tuesday, reaching $176.74. 27,234 shares of the company were exchanged. FactSet Research Systems Inc. has a 12-month low of $135.95 and a 12-month high of $183.17. The firm has a market capitalization of $7.18 billion, a PE ratio of 28.69 and a beta of 0.68. The stock’s 50-day moving average is $175.99 and its 200 day moving average is $161.45.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, June 28th. The company reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.03. FactSet Research Systems had a return on equity of 47.11% and a net margin of 23.30%. The firm had revenue of $287.50 million for the quarter. During the same quarter in the prior year, the company earned $1.46 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts forecast that FactSet Research Systems Inc. will post $6.40 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, August 29th. FactSet Research Systems’s dividend payout ratio is presently 32.47%.
A number of equities research analysts have issued reports on FDS shares. Zacks Investment Research upgraded shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd. Cantor Fitzgerald reiterated a “hold” rating on shares of FactSet Research Systems in a research note on Wednesday, June 29th. Morgan Stanley reiterated a “hold” rating and set a $161.00 price objective on shares of FactSet Research Systems in a research note on Thursday, June 30th. Credit Suisse Group AG started coverage on shares of FactSet Research Systems in a research note on Monday, July 11th. They set an “outperform” rating and a $182.00 price objective on the stock. Finally, Barclays PLC increased their price objective on shares of FactSet Research Systems from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 23rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $170.56.
In other news, Director Joseph E. Laird, Jr. sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $165.00, for a total transaction of $165,000.00. Following the sale, the director now directly owns 2,500 shares in the company, valued at $412,500. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.60% of the company’s stock.
FactSet Research Systems Company Profile
FactSet Research Systems Inc (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S., Europe and Asia Pacific. Sales, consulting, data collection, product development and software engineering are the primary functional groups within the U.S., Europe and Asia Pacific segments that provide global financial and economic information to investment managers, investment banks and other financial services professionals.
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