IFP Advisors Inc raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 11.7% during the second quarter, Holdings Channel reports. The institutional investor owned 2,382 shares of the business services provider’s stock after buying an additional 250 shares during the period. IFP Advisors Inc’s holdings in FactSet Research Systems were worth $396,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FDS. Eads & Heald Investment Counsel raised its stake in FactSet Research Systems by 0.9% in the second quarter. Eads & Heald Investment Counsel now owns 2,358 shares of the business services provider’s stock valued at $392,000 after buying an additional 20 shares in the last quarter. FineMark National Bank & Trust raised its stake in shares of FactSet Research Systems by 1.0% in the second quarter. FineMark National Bank & Trust now owns 2,183 shares of the business services provider’s stock valued at $363,000 after buying an additional 22 shares during the period. Genesee Valley Trust Co. raised its stake in shares of FactSet Research Systems by 1.4% in the first quarter. Genesee Valley Trust Co. now owns 2,071 shares of the business services provider’s stock valued at $341,000 after buying an additional 28 shares during the period. Penobscot Investment Management Company Inc. raised its stake in shares of FactSet Research Systems by 2.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 1,270 shares of the business services provider’s stock valued at $209,000 after buying an additional 33 shares during the period. Finally, World Asset Management Inc raised its stake in shares of FactSet Research Systems by 1.3% in the second quarter. World Asset Management Inc now owns 2,847 shares of the business services provider’s stock valued at $473,000 after buying an additional 36 shares during the period. 94.97% of the stock is owned by institutional investors.

Shares of FactSet Research Systems Inc. (FDS) opened at 161.58 on Tuesday. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 18.84 and a beta of 0.95. FactSet Research Systems Inc. has a 1-year low of $150.95 and a 1-year high of $183.64. The stock has a 50 day moving average price of $164.16 and a 200-day moving average price of $167.79.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, June 27th. The business services provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.01. The firm had revenue of $312.12 million during the quarter, compared to analyst estimates of $314.14 million. FactSet Research Systems had a return on equity of 51.41% and a net margin of 20.96%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 earnings per share. Equities research analysts forecast that FactSet Research Systems Inc. will post $7.30 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 31st will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, August 29th. FactSet Research Systems’s payout ratio is 26.20%.

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Several brokerages have issued reports on FDS. BidaskClub lowered FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. UBS AG reaffirmed a “buy” rating and set a $146.00 price target (down previously from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. Zacks Investment Research raised FactSet Research Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $163.00 price target on shares of FactSet Research Systems in a research note on Tuesday, April 25th. Finally, Deutsche Bank AG began coverage on FactSet Research Systems in a research note on Wednesday, May 10th. They set a “hold” rating and a $160.00 price target for the company. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $166.27.

In related news, Chairman Philip A. Hadley sold 38,942 shares of the stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $163.83, for a total value of $6,379,867.86. Following the completion of the transaction, the chairman now owns 666,494 shares of the company’s stock, valued at approximately $109,191,712.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph E. Laird, Jr. sold 1,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $166.00, for a total transaction of $166,000.00. Following the completion of the transaction, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $1,494,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,858 shares of company stock valued at $34,453,143. 2.70% of the stock is owned by insiders.

FactSet Research Systems Company Profile

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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

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