Headlands Technologies LLC Sells 268 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Headlands Technologies LLC decreased its position in FactSet Research Systems Inc. (NYSE:FDS) by 64.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 145 shares of the business services provider’s stock after selling 268 shares during the quarter. Headlands Technologies LLC’s holdings in FactSet Research Systems were worth $59,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FDS. Vanguard Group Inc. grew its position in shares of FactSet Research Systems by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock valued at $2,077,267,000 after purchasing an additional 11,974 shares during the last quarter. Ninety One UK Ltd increased its position in FactSet Research Systems by 0.9% in the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock worth $496,645,000 after buying an additional 10,928 shares during the period. PineStone Asset Management Inc. lifted its holdings in shares of FactSet Research Systems by 53.3% during the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after buying an additional 94,952 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of FactSet Research Systems by 3.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider’s stock worth $120,178,000 after acquiring an additional 9,925 shares during the last quarter. Finally, Tandem Investment Advisors Inc. increased its position in FactSet Research Systems by 1.4% during the second quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock worth $102,079,000 after acquiring an additional 3,485 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FDS shares. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Monday, June 24th. Jefferies Financial Group decreased their price objective 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 note on Tuesday, August 13th. Morgan Stanley raised their target price on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Finally, Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their price objective for the company 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 issued a hold rating to the stock. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and an average target price of $432.27.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $453.98 on Tuesday. The firm’s 50 day moving average price is $418.42 and its two-hundred day moving average price is $428.25. 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 52-week low of $391.84 and a 52-week high of $488.64. The stock has a market cap of $17.27 billion, a PE ratio of 34.24, a PEG ratio of 2.64 and a beta of 0.75.

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

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 30th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.92%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s payout ratio is 31.37%.

Insider Buying and Selling at FactSet Research Systems

In other news, CTO Katherine M. Stepp sold 1,057 shares of FactSet Research Systems stock in a transaction on Monday, June 24th. The shares were sold at an average price of $428.42, for a total transaction of $452,839.94. Following the transaction, the chief technology officer now directly owns 687 shares of the company’s stock, valued at $294,324.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Katherine M. Stepp sold 1,057 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $428.42, for a total transaction of $452,839.94. Following the sale, the chief technology officer now directly owns 687 shares of the company’s stock, valued at approximately $294,324.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,432 shares of company stock valued at $5,166,986. Corporate insiders own 1.00% of the company’s stock.

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.