Seven Eight Capital LP Invests $256,000 in FactSet Research Systems Inc. (NYSE:FDS)

Seven Eight Capital LP purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 626 shares of the business services provider’s stock, valued at approximately $256,000.

A number of other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings 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 buying an additional 39 shares in the last quarter. Crewe Advisors LLC grew 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 worth $28,000 after acquiring an additional 60 shares during the period. Quest Partners LLC raised its holdings 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 valued at $28,000 after purchasing an additional 67 shares during the last quarter. Gladius Capital Management LP bought a new position in FactSet Research Systems during the second quarter valued at approximately $33,000. Finally, SJS Investment Consulting Inc. lifted its position in FactSet Research Systems by 300.0% during the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 66 shares during the period. Institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on FDS shares. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research 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 stock a “sector perform” rating in a research note on Friday. Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their target price for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. Finally, Morgan Stanley upped their target price on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a report on Monday, June 24th. Four research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and an average target price of $446.67.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,281,976.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 9,000 shares of company stock valued at $3,714,960 over the last quarter. 1.00% of the stock is currently owned by insiders.

FactSet Research Systems Stock Performance

NYSE FDS opened at $468.80 on Tuesday. The firm has a market capitalization of $17.83 billion, a P/E ratio of 35.35, a PEG ratio of 2.64 and a beta of 0.75. The stock has a 50-day simple moving average of $422.47 and a two-hundred day simple moving average of $428.08. 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 fifty-two week low of $391.84 and a fifty-two week high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The firm’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 earnings per share. On average, equities analysts forecast that FactSet Research Systems Inc. will post 16.28 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

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