Kayne Anderson Rudnick Investment Management LLC Has $471.85 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Kayne Anderson Rudnick Investment Management LLC decreased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,155,725 shares of the business services provider’s stock after selling 7,609 shares during the quarter. FactSet Research Systems comprises approximately 1.2% of Kayne Anderson Rudnick Investment Management LLC’s investment portfolio, making the stock its 25th largest position. Kayne Anderson Rudnick Investment Management LLC owned approximately 3.04% of FactSet Research Systems worth $471,848,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other FactSet Research Systems news, CTO Katherine M. Stepp sold 1,057 shares of FactSet Research Systems stock in a transaction that occurred 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 owns 687 shares of the company’s stock, valued at approximately $294,324.54. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Katherine M. Stepp sold 1,057 shares of FactSet Research Systems stock in a transaction on Monday, June 24th. The stock was sold at an average price of $428.42, for a total value of $452,839.94. Following 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. In the last ninety days, insiders sold 12,432 shares of company stock valued at $5,166,986. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Down 0.7 %

FDS stock opened at $466.37 on Friday. The firm has a market capitalization of $17.74 billion, a PE ratio of 35.17, a P/E/G ratio of 2.64 and a beta of 0.75. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $488.64. The stock’s 50 day moving average is $421.66 and its 200-day moving average is $428.58.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The business 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%. FactSet Research Systems’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.93 EPS. Sell-side analysts expect that FactSet Research Systems Inc. will post 16.28 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.89%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Wall Street Analyst Weigh In

FDS has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective 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. Jefferies Financial Group reduced their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a report 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 report on Thursday, May 30th. Stifel Nicolaus boosted their target price on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday. Finally, BMO Capital Markets increased their price target on FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $446.67.

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.