Dimensional Fund Advisors LP Has $96.11 Million Stake in FactSet Research Systems Inc. (NYSE:FDS)

Dimensional Fund Advisors LP boosted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 21.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,387 shares of the business services provider’s stock after buying an additional 41,717 shares during the period. Dimensional Fund Advisors LP owned about 0.62% of FactSet Research Systems worth $96,113,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of FactSet Research Systems during the 4th quarter valued at about $47,977,000. UBS Group AG grew its stake in shares of FactSet Research Systems by 2.7% in the 4th quarter. UBS Group AG now owns 52,525 shares of the business services provider’s stock valued at $25,057,000 after purchasing an additional 1,396 shares during the period. D.A. Davidson & CO. raised its holdings in shares of FactSet Research Systems by 7.0% in the 4th quarter. D.A. Davidson & CO. now owns 1,115 shares of the business services provider’s stock worth $532,000 after buying an additional 73 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of FactSet Research Systems by 5.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 9,900 shares of the business services provider’s stock worth $4,723,000 after buying an additional 520 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in FactSet Research Systems by 15.7% in the 4th quarter. Hsbc Holdings PLC now owns 79,401 shares of the business services provider’s stock valued at $37,854,000 after buying an additional 10,763 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Frederick Philip Snow sold 3,000 shares of the 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 transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 9,000 shares of company stock valued at $3,714,960. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FDS shares. UBS Group lifted their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Royal Bank of Canada lifted their price target on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a report on Friday, September 20th. Stifel Nicolaus boosted 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, September 20th. 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. Finally, Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Four analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $446.67.

FactSet Research Systems Trading Down 1.1 %

FDS stock opened at $463.77 on Wednesday. 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 company has a market cap of $17.64 billion, a P/E ratio of 34.98, a PEG ratio of 2.64 and a beta of 0.75. The business has a fifty day moving average of $422.90 and a 200-day moving average of $428.07.

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

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a $1.04 dividend. The ex-dividend date was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems’s payout ratio is presently 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.