Caxton Associates LP Makes New $328,000 Investment in FactSet Research Systems Inc. (NYSE:FDS)

Caxton Associates LP acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) during the first quarter, HoldingsChannel reports. The institutional investor acquired 1,062 shares of the business services provider’s stock, valued at approximately $328,000.

A number of other hedge funds also recently added to or reduced their stakes in FDS. Marshall Wace LLP acquired a new stake in FactSet Research Systems during the first quarter worth approximately $85,000. Mattern Capital Management LLC increased its holdings in shares of FactSet Research Systems by 1.5% in the 4th quarter. Mattern Capital Management LLC now owns 14,412 shares of the business services provider’s stock valued at $4,792,000 after acquiring an additional 213 shares during the period. Vontobel Holding Ltd. acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at $243,000. LPL Financial LLC increased its holdings in shares of FactSet Research Systems by 9.8% in the 4th quarter. LPL Financial LLC now owns 15,713 shares of the business services provider’s stock valued at $5,225,000 after acquiring an additional 1,406 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of FactSet Research Systems by 3.0% in the 4th quarter. Stifel Financial Corp now owns 32,540 shares of the business services provider’s stock valued at $10,822,000 after acquiring an additional 943 shares during the period. 87.87% of the stock is currently owned by institutional investors.

In related news, Director Joseph Zimmel sold 5,626 shares of the business’s stock in a transaction dated Friday, July 16th. The shares were sold at an average price of $342.56, for a total value of $1,927,242.56. Following the sale, the director now directly owns 4,711 shares in the company, valued at approximately $1,613,800.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick Philip Snow sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 1st. The stock was sold at an average price of $334.90, for a total transaction of $837,250.00. Following the completion of the sale, the chief executive officer now owns 6,397 shares in the company, valued at $2,142,355.30. The disclosure for this sale can be found here. Insiders sold a total of 11,126 shares of company stock worth $3,770,003 over the last quarter. Insiders own 0.74% of the company’s stock.

FDS has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of FactSet Research Systems from $315.00 to $330.00 and gave the company a “hold” rating in a report on Wednesday, June 30th. Stifel Nicolaus lifted their price objective on shares of FactSet Research Systems from $322.00 to $337.00 and gave the company a “hold” rating in a research report on Tuesday, June 29th. Bank of America lifted their price objective on shares of FactSet Research Systems from $295.00 to $310.00 and gave the company an “underperform” rating in a research report on Wednesday, June 30th. Morgan Stanley lifted their price objective on shares of FactSet Research Systems from $261.00 to $273.00 and gave the company an “underweight” rating in a research report on Wednesday, June 30th. Finally, Royal Bank of Canada started coverage on shares of FactSet Research Systems in a research report on Wednesday, July 7th. They issued an “outperform” rating and a $375.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $314.88.

Shares of NYSE FDS opened at $340.49 on Thursday. The stock has a market cap of $12.86 billion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 3.85 and a beta of 0.79. FactSet Research Systems Inc. has a one year low of $294.21 and a one year high of $365.77. The stock’s fifty day moving average is $331.85. The company has a quick ratio of 3.27, a current ratio of 3.28 and a debt-to-equity ratio of 0.56.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Monday, June 28th. The business services provider reported $2.72 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.03). The company had revenue of $399.60 million for the quarter, compared to analysts’ expectations of $397.72 million. FactSet Research Systems had a return on equity of 44.88% and a net margin of 24.80%. FactSet Research Systems’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.86 earnings per share. As a group, equities research analysts forecast that FactSet Research Systems Inc. will post 11.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 17th. Shareholders of record on Monday, May 31st were given a dividend of $0.82 per share. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, May 27th. FactSet Research Systems’s payout ratio is presently 30.17%.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment and corporate communities in the Americas, EMEA, 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.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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