FactSet Research Systems Inc. $FDS Shares Purchased by Hendershot Investments Inc.

Hendershot Investments Inc. boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 26.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,280 shares of the business services provider’s stock after buying an additional 3,170 shares during the period. Hendershot Investments Inc.’s holdings in FactSet Research Systems were worth $6,834,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FDS. SouthState Corp raised its holdings in shares of FactSet Research Systems by 1,400.0% during the 1st quarter. SouthState Corp now owns 60 shares of the business services provider’s stock worth $27,000 after acquiring an additional 56 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of FactSet Research Systems by 4,200.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 84 shares during the period. Cullen Frost Bankers Inc. increased its position in FactSet Research Systems by 4,300.0% during the second quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider’s stock worth $39,000 after purchasing an additional 86 shares during the last quarter. WPG Advisers LLC purchased a new position in FactSet Research Systems during the first quarter worth about $41,000. Finally, Generali Investments Management Co LLC purchased a new position in FactSet Research Systems during the second quarter worth about $42,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on FDS shares. Rothschild Redb raised shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research note on Friday, September 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a report on Monday. Wolfe Research reissued an “underperform” rating and set a $290.00 target price on shares of FactSet Research Systems in a research note on Friday, November 14th. BMO Capital Markets reduced their target price on FactSet Research Systems from $452.00 to $324.00 and set a “market perform” rating on the stock in a research report on Friday, September 19th. Finally, Stifel Nicolaus decreased their price target on FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating on the stock in a research note on Friday, September 19th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems has an average rating of “Reduce” and an average target price of $346.50.

Insider Activity

In other FactSet Research Systems news, EVP Helen L. Shan purchased 370 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was bought at an average price of $275.48 per share, with a total value of $101,927.60. Following the transaction, the executive vice president directly owned 9,284 shares of the company’s stock, valued at approximately $2,557,556.32. This represents a 4.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Mcloughlin purchased 338 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was acquired at an average price of $296.19 per share, with a total value of $100,112.22. Following the purchase, the insider owned 3,446 shares of the company’s stock, valued at approximately $1,020,670.74. This represents a 10.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 1,208 shares of company stock valued at $328,505. 1.20% of the stock is currently owned by company insiders.

FactSet Research Systems Stock Up 4.1%

Shares of NYSE FDS opened at $290.36 on Friday. 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 business’s 50 day moving average is $277.82 and its two-hundred day moving average is $359.90. FactSet Research Systems Inc. has a 52-week low of $250.50 and a 52-week high of $496.90. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 2.85 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Wednesday, September 17th. The business services provider reported $4.05 earnings per share for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.08). The firm had revenue of $596.90 million during the quarter, compared to analyst estimates of $593.32 million. FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.74 earnings per share. Research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared 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. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 28th. FactSet Research Systems’s dividend payout ratio is currently 28.30%.

FactSet Research Systems Company 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.