Turner Investments LLC Buys Shares of 800 FactSet Research Systems Inc. (FDS)
Turner Investments LLC bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 800 shares of the business services provider’s stock, valued at approximately $144,000.
Other large investors have also made changes to their positions in the company. ETF Managers Group LLC acquired a new position in shares of FactSet Research Systems during the 2nd quarter worth approximately $121,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of FactSet Research Systems during the 2nd quarter worth approximately $126,000. Gotham Asset Management LLC lifted its holdings in shares of FactSet Research Systems by 6.8% during the 2nd quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock worth $215,000 after acquiring an additional 82 shares during the period. Penobscot Investment Management Company Inc. lifted its holdings in shares of FactSet Research Systems by 9.4% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 1,390 shares of the business services provider’s stock worth $231,000 after acquiring an additional 120 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of FactSet Research Systems by 107.9% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,316 shares of the business services provider’s stock worth $237,000 after acquiring an additional 683 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.
Shares of FactSet Research Systems Inc. (NYSE FDS) traded up $0.42 during trading hours on Wednesday, reaching $196.76. 196,000 shares of the company traded hands, compared to its average volume of 302,713. The company has a market cap of $7,678.81, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 2.23 and a beta of 0.96. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.04 and a current ratio of 2.04. FactSet Research Systems Inc. has a fifty-two week low of $155.09 and a fifty-two week high of $197.74.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.01. The business had revenue of $326.60 million during the quarter, compared to the consensus estimate of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.69 EPS. equities analysts predict that FactSet Research Systems Inc. will post 8.18 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Thursday, November 30th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, November 29th. FactSet Research Systems’s payout ratio is 34.36%.
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A number of brokerages have recently weighed in on FDS. Stifel Nicolaus reaffirmed a “hold” rating and set a $169.00 price target (up previously from $163.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. BidaskClub downgraded shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Morgan Stanley upped their price target on shares of FactSet Research Systems from $166.00 to $171.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Northcoast Research raised shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price target for the company in a report on Thursday, September 21st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $200.00 price target (up previously from $190.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. FactSet Research Systems currently has an average rating of “Hold” and an average price target of $178.91.
In other news, COO Mark J. Hale sold 9,458 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the completion of the transaction, the chief operating officer now owns 11,314 shares of the company’s stock, valued at $2,040,366.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 7,334 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $181.24, for a total transaction of $1,329,214.16. Following the transaction, the chief executive officer now directly owns 11,262 shares of the company’s stock, valued at approximately $2,041,124.88. The disclosure for this sale can be found here. In the last three months, insiders sold 17,841 shares of company stock valued at $3,224,739. 2.80% 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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