Squarepoint Ops LLC Sells 7,113 Shares of FactSet Research Systems Inc. $FDS

Squarepoint Ops LLC reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 52.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,346 shares of the business services provider’s stock after selling 7,113 shares during the period. Squarepoint Ops LLC’s holdings in FactSet Research Systems were worth $2,838,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FDS. Vanguard Group Inc. lifted its holdings in FactSet Research Systems by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,825,198 shares of the business services provider’s stock worth $2,158,215,000 after buying an additional 29,844 shares during the period. State Street Corp increased its stake in shares of FactSet Research Systems by 0.8% during the second quarter. State Street Corp now owns 1,937,571 shares of the business services provider’s stock valued at $866,637,000 after buying an additional 15,556 shares during the period. Loomis Sayles & Co. L P raised its holdings in shares of FactSet Research Systems by 1.6% during the second quarter. Loomis Sayles & Co. L P now owns 1,508,052 shares of the business services provider’s stock valued at $674,522,000 after acquiring an additional 23,900 shares in the last quarter. Geode Capital Management LLC lifted its stake in FactSet Research Systems by 2.4% in the second quarter. Geode Capital Management LLC now owns 1,162,256 shares of the business services provider’s stock worth $518,683,000 after acquiring an additional 27,035 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in FactSet Research Systems by 57.0% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 829,174 shares of the business services provider’s stock valued at $370,873,000 after acquiring an additional 301,129 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on FDS. Huber Research raised shares of FactSet Research Systems to a “strong sell” rating in a research report on Friday, September 19th. Evercore ISI lowered their price objective on shares of FactSet Research Systems from $394.00 to $328.00 and set an “in-line” rating for the company in a report on Friday, September 19th. Wells Fargo & Company cut their price objective on FactSet Research Systems from $296.00 to $260.00 and set an “underweight” rating on the stock in a research report on Friday, December 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Monday. Finally, Wolfe Research restated an “underperform” rating and issued a $290.00 target price on shares of FactSet Research Systems in a research note on Friday, November 14th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems currently has an average rating of “Reduce” and an average price target of $347.90.

Insider Transactions at FactSet Research Systems

In other news, insider Christopher Mcloughlin purchased 338 shares of the company’s stock in a transaction that occurred 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 directly owned 3,446 shares in the company, valued at approximately $1,020,670.74. This trade represents a 10.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Goran Skoko acquired 500 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average cost of $252.93 per share, for a total transaction of $126,465.00. Following the completion of the transaction, the executive vice president directly owned 9,192 shares in the company, valued at $2,324,932.56. The trade was a 5.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 1,208 shares of company stock valued at $328,505. Insiders own 1.20% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FDS opened at $295.94 on Thursday. FactSet Research Systems Inc. has a fifty-two week low of $250.50 and a fifty-two week high of $496.90. The firm’s 50-day simple moving average is $279.15 and its two-hundred day simple moving average is $349.52. The stock has a market cap of $11.07 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 2.52 and a beta of 0.75. 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 (NYSE:FDS) last issued its quarterly earnings results on Wednesday, September 17th. The business services provider reported $4.05 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $593.32 million. During the same period in the prior year, the firm earned $3.74 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 28th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 28th. FactSet Research Systems’s payout ratio is 28.30%.

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.