Caprock Group LLC Takes Position in FactSet Research Systems Inc. (NYSE:FDS)

Caprock Group LLC acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 653 shares of the business services provider’s stock, valued at approximately $267,000.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC boosted its stake in FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares in the last quarter. Gladius Capital Management LP bought a new position in FactSet Research Systems during the second quarter worth $33,000. SJS Investment Consulting Inc. boosted its stake in FactSet Research Systems by 300.0% during the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Finally, DT Investment Partners LLC boosted its stake in FactSet Research Systems by 50.0% during the second quarter. DT Investment Partners LLC now owns 120 shares of the business services provider’s stock worth $49,000 after acquiring an additional 40 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Performance

NYSE FDS opened at $445.36 on Friday. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $488.64. The company has a 50-day simple moving average of $417.70 and a 200 day simple moving average of $428.80. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. The company has a market capitalization of $16.94 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The business had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. During the same quarter last year, the company posted $3.79 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, research analysts predict that FactSet Research Systems Inc. will post 16.28 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 30th will be issued a dividend of $1.04 per share. The ex-dividend date is Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.93%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Insider Buying and Selling

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $408.98, for a total value of $1,226,940.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,281,976.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robin Ann Abrams sold 2,375 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total value of $999,186.25. Following the completion of the transaction, the director now directly owns 9,193 shares in the company, valued at $3,867,587.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,432 shares of company stock worth $5,166,986. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FDS. Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a research note on Monday, June 24th. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Jefferies Financial Group dropped their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Finally, Wells Fargo & Company upgraded shares of FactSet Research Systems to a “hold” rating in a report on Tuesday, August 13th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and a consensus price target of $432.27.

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.