Mediolanum International Funds Ltd Trims Stock Position in FactSet Research Systems Inc. $FDS

Mediolanum International Funds Ltd cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 23.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,506 shares of the business services provider’s stock after selling 3,443 shares during the quarter. Mediolanum International Funds Ltd’s holdings in FactSet Research Systems were worth $5,079,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FDS. SouthState Corp lifted its stake in FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider’s stock valued at $27,000 after buying an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd raised 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 worth $39,000 after acquiring an additional 84 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of 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 worth $39,000 after acquiring an additional 86 shares during the last quarter. WPG Advisers LLC purchased a new stake in shares of FactSet Research Systems in the first quarter valued at $41,000. Finally, Bank of Jackson Hole Trust boosted its stake in shares of FactSet Research Systems by 187.9% during the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 62 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Up 1.4%

NYSE FDS opened at $276.84 on Friday. The company has a market cap of $10.36 billion, a P/E ratio of 17.80, a P/E/G ratio of 2.73 and a beta of 0.77. FactSet Research Systems Inc. has a 12 month low of $250.50 and a 12 month high of $496.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.40 and a quick ratio of 1.40. The company has a 50-day moving average of $283.28 and a 200-day moving average of $371.78.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Wednesday, September 17th. The business services provider reported $4.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $596.90 million during the quarter, compared to analysts’ expectations of $593.32 million. During the same quarter in the previous year, the firm posted $3.74 earnings per share. FactSet Research Systems’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 28th will be issued a dividend of $1.10 per share. 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 dividend payout ratio is presently 28.30%.

Insider Transactions at FactSet Research Systems

In other news, EVP Helen L. Shan bought 370 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were acquired at an average cost of $275.48 per share, with a total value of $101,927.60. Following the transaction, the executive vice president 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher Mcloughlin bought 338 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, September 23rd. The stock was purchased at an average price of $296.19 per share, for a total transaction of $100,112.22. Following the acquisition, the insider directly owned 3,446 shares of the company’s stock, valued at $1,020,670.74. The trade was a 10.88% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 1,208 shares of company stock worth $328,505 in the last ninety days. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Huber Research upgraded FactSet Research Systems to a “strong sell” rating in a research report on Friday, September 19th. 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. Stifel Nicolaus lowered their price target on shares of FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating for the company in a report on Friday, September 19th. Rothschild & Co Redburn raised shares of FactSet Research Systems from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $415.00 to $370.00 in a research note on Friday, September 12th. Finally, Morgan Stanley decreased their target price on shares of FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating on the stock in a research report on Friday, September 19th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $350.10.

About FactSet Research Systems

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.