Loomis Sayles & Co. L P Buys 23,900 Shares of FactSet Research Systems Inc. $FDS

Loomis Sayles & Co. L P lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,508,052 shares of the business services provider’s stock after acquiring an additional 23,900 shares during the period. FactSet Research Systems makes up about 0.8% of Loomis Sayles & Co. L P’s investment portfolio, making the stock its 25th largest holding. Loomis Sayles & Co. L P owned about 3.99% of FactSet Research Systems worth $674,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in FactSet Research Systems by 57.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 829,174 shares of the business services provider’s stock worth $370,873,000 after purchasing an additional 301,129 shares during the period. PFG Advisors lifted its holdings in shares of FactSet Research Systems by 4,209.8% in the second quarter. PFG Advisors now owns 192,000 shares of the business services provider’s stock valued at $85,878,000 after purchasing an additional 187,545 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of FactSet Research Systems by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider’s stock worth $2,180,160,000 after buying an additional 137,874 shares during the period. Nuveen LLC bought a new position in shares of FactSet Research Systems during the first quarter worth about $54,148,000. Finally, Norges Bank acquired a new stake in FactSet Research Systems in the 2nd quarter valued at approximately $32,862,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FactSet Research Systems

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

FactSet Research Systems Stock Down 0.0%

Shares of FDS opened at $277.37 on Friday. The firm has a market cap of $10.38 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 2.73 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.40 and a current ratio of 1.40. FactSet Research Systems Inc. has a 52 week low of $250.50 and a 52 week high of $496.90. The firm’s 50-day simple moving average is $278.62 and its 200 day simple moving average is $366.31.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Wednesday, September 17th. The business services provider reported $4.05 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.08). FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The business had revenue of $596.90 million during the quarter, compared to analyst estimates of $593.32 million. During the same quarter last year, the company posted $3.74 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. On average, analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share 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 $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, November 28th. FactSet Research Systems’s payout ratio is presently 28.30%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FDS. UBS Group upgraded shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and lowered their price target for the company from $480.00 to $425.00 in a research note on Monday, September 22nd. Zacks Research cut FactSet Research Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Morgan Stanley reduced their price target on FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating for the company in a research report on Friday, September 19th. Huber Research upgraded FactSet Research Systems to a “strong sell” rating in a research note on Friday, September 19th. Finally, Wells Fargo & Company lowered their price target on FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating on the stock in a research report on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $350.10.

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.