Bradley Foster & Sargent Inc. CT Takes Position in FactSet Research Systems Inc. (NYSE:FDS)

Bradley Foster & Sargent Inc. CT acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 629 shares of the business services provider’s stock, valued at approximately $257,000.

Several other large investors have also made changes to their positions in the business. UMB Bank n.a. grew its position in 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 worth $27,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 60 shares during the period. Quest Partners LLC grew its position in 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 buying an additional 67 shares in the last quarter. Gladius Capital Management LP bought a new position in FactSet Research Systems during the second quarter valued at about $33,000. Finally, SJS Investment Consulting Inc. raised its holdings in FactSet Research Systems by 300.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

FDS has been the topic of several recent research reports. UBS Group lifted their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday. Royal Bank of Canada increased their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research note on Friday. Jefferies Financial Group decreased their target price 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. Wells Fargo & Company increased their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Morgan Stanley lifted their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a report on Monday, June 24th. Four equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $446.67.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,281,976.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Robin Ann Abrams sold 2,375 shares of the business’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 transaction of $999,186.25. Following the completion of the sale, the director now directly owns 9,193 shares of the company’s stock, valued at $3,867,587.03. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the 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 in the company, valued at $5,281,976.70. The disclosure for this sale can be found here. Insiders sold a total of 12,432 shares of company stock valued at $5,166,986 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Trading Down 0.7 %

FDS stock opened at $466.37 on Friday. The business has a fifty day moving average price of $420.81 and a 200 day moving average price of $428.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $488.64. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 35.17, a P/E/G ratio of 2.64 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The company had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $2.93 earnings per share. Analysts expect that FactSet Research Systems Inc. will post 16.28 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.89%. FactSet Research Systems’s payout ratio is 31.37%.

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.