Czech National Bank Buys 52 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Czech National Bank increased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,706 shares of the business services provider’s stock after acquiring an additional 52 shares during the quarter. Czech National Bank’s holdings in FactSet Research Systems were worth $3,047,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of FactSet Research Systems by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 4,559,576 shares of the business services provider’s stock valued at $2,175,146,000 after acquiring an additional 16,801 shares in the last quarter. Bamco Inc. NY increased its stake in shares of FactSet Research Systems by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock valued at $1,203,163,000 after acquiring an additional 8,862 shares in the last quarter. Morgan Stanley increased its stake in shares of FactSet Research Systems by 100.1% in the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after acquiring an additional 698,611 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of FactSet Research Systems by 15.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock valued at $220,146,000 after acquiring an additional 66,986 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of FactSet Research Systems by 4.7% in the 3rd quarter. Northern Trust Corp now owns 390,555 shares of the business services provider’s stock valued at $170,774,000 after acquiring an additional 17,605 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FDS. Oppenheimer reiterated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. The Goldman Sachs Group boosted their price target on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Finally, Morgan Stanley decreased their price target on shares of FactSet Research Systems from $372.00 to $350.00 and set an “underweight” rating for the company in a research note on Monday, June 3rd. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $431.50.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Goran Skoko sold 6,215 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the completion of the transaction, the executive vice president now directly owns 5,262 shares in the company, valued at $2,296,336.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,987 shares of company stock valued at $10,283,347. 1.00% of the stock is owned by insiders.

FactSet Research Systems Price Performance

FDS opened at $423.73 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $16.15 billion, a price-to-earnings ratio of 33.55, a P/E/G ratio of 2.65 and a beta of 0.74. The firm’s fifty day moving average price is $423.68 and its two-hundred day moving average price is $448.24. FactSet Research Systems Inc. has a 1 year low of $385.27 and a 1 year high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The firm had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. As a group, analysts anticipate that FactSet Research Systems Inc. will post 15.95 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were issued a $1.04 dividend. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Friday, May 31st. FactSet Research Systems’s payout ratio is 32.94%.

FactSet Research Systems 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.