Invesco Ltd. Has $305.56 Million Stock Holdings in FactSet Research Systems Inc. $FDS

Invesco Ltd. lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 39.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 683,146 shares of the business services provider’s stock after purchasing an additional 192,448 shares during the period. Invesco Ltd.’s holdings in FactSet Research Systems were worth $305,558,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. SouthState Corp grew its holdings in 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 last quarter. Caitong International Asset Management Co. Ltd grew its stake 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 worth $39,000 after purchasing an additional 84 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings 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 purchasing an additional 86 shares during the period. WPG Advisers LLC bought a new position in FactSet Research Systems during the 1st quarter worth $41,000. Finally, Generali Investments Management Co LLC acquired a new position in FactSet Research Systems during the 2nd quarter worth about $42,000. Institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Christopher Mcloughlin purchased 338 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were acquired at an average price of $296.19 per share, for a total transaction of $100,112.22. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Goran Skoko acquired 500 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $252.93 per share, with a total value of $126,465.00. Following the acquisition, the executive vice president owned 9,192 shares of the company’s stock, valued at approximately $2,324,932.56. This represents a 5.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 1,208 shares of company stock valued at $328,505. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FDS has been the subject of several recent research reports. Evercore ISI decreased their price target on FactSet Research Systems from $394.00 to $328.00 and set an “in-line” rating for the company in a research note on Friday, September 19th. Stifel Nicolaus decreased their target price on shares of FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating for the company in a research report on Friday, September 19th. BMO Capital Markets dropped their price target on shares of 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. Wolfe Research reaffirmed an “underperform” rating and issued a $290.00 price objective on shares of FactSet Research Systems in a research note on Friday, November 14th. Finally, Rothschild & Co Redburn raised shares of FactSet Research Systems from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $415.00 to $370.00 in a research note on Friday, September 12th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $346.50.

FactSet Research Systems Stock Performance

Shares of FDS stock 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. FactSet Research Systems Inc. has a 52 week low of $250.50 and a 52 week high of $496.90. The firm has a 50 day moving average of $277.82 and a 200-day moving average of $359.13. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.97 and a beta of 0.75.

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

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 28th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 28th. FactSet Research Systems’s payout ratio is presently 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.