Meeder Advisory Services Inc. Grows Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Meeder Advisory Services Inc. raised its stake in FactSet Research Systems Inc. (NYSE:FDS) by 17.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 999 shares of the business services provider’s stock after buying an additional 152 shares during the period. Meeder Advisory Services Inc.’s holdings in FactSet Research Systems were worth $408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mission Wealth Management LP boosted its position in shares of FactSet Research Systems by 0.7% in the 1st quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider’s stock worth $1,536,000 after buying an additional 24 shares in the last quarter. Procyon Advisors LLC lifted its holdings in shares of FactSet Research Systems by 0.4% in the first quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock valued at $2,948,000 after purchasing an additional 27 shares in the last quarter. Retirement Systems of Alabama grew its position in shares of FactSet Research Systems by 0.4% in the first quarter. Retirement Systems of Alabama now owns 8,407 shares of the business services provider’s stock valued at $3,820,000 after purchasing an additional 34 shares during the last quarter. American National Bank grew its position in shares of FactSet Research Systems by 19.6% in the second quarter. American National Bank now owns 238 shares of the business services provider’s stock valued at $97,000 after purchasing an additional 39 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after purchasing an additional 39 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Katherine M. Stepp sold 1,057 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $428.42, for a total value of $452,839.94. Following the transaction, the chief technology officer now owns 687 shares in the company, valued at $294,324.54. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction dated 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 sale, the director now owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Katherine M. Stepp sold 1,057 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $428.42, for a total transaction of $452,839.94. Following the completion of the sale, the chief technology officer now owns 687 shares in the company, valued at approximately $294,324.54. The disclosure for this sale can be found here. Insiders sold 12,432 shares of company stock worth $5,166,986 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

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

FactSet Research Systems Price Performance

FDS stock opened at $445.36 on Monday. The firm has a market cap of $16.94 billion, a P/E ratio of 33.59, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The stock has a 50-day simple moving average of $417.70 and a 200-day simple moving average of $428.31.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company 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 earned $3.79 earnings per share. FactSet Research Systems’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts predict that FactSet Research Systems Inc. will post 16.28 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be issued a $1.04 dividend. The ex-dividend date of this dividend 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 is currently 31.37%.

FactSet Research Systems Company 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.