XTX Topco Ltd Buys New Shares in FactSet Research Systems Inc. (NYSE:FDS)

XTX Topco Ltd acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,458 shares of the business services provider’s stock, valued at approximately $2,637,000.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after buying an additional 39 shares during the period. Crewe Advisors LLC boosted its holdings in shares of FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 60 shares in the last quarter. Quest Partners LLC raised its stake in shares of FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares in the last quarter. Gladius Capital Management LP purchased a new stake in FactSet Research Systems during the second quarter valued at about $33,000. Finally, SJS Investment Consulting Inc. grew its position in FactSet Research Systems by 300.0% during the 2nd 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 during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at FactSet Research Systems

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

FactSet Research Systems Trading Down 0.3 %

FDS opened at $446.81 on Thursday. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. The company’s 50 day simple moving average is $419.15 and its two-hundred day simple moving average is $428.15.

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 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 firm had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $552.71 million. During the same quarter last year, the company posted $3.79 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts expect that FactSet Research Systems Inc. will post 16.28 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders 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 dividend yield of 0.93%. FactSet Research Systems’s payout ratio is 31.37%.

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.