FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Millennium Management LLC

Millennium Management LLC lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2,873.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,582 shares of the business services provider’s stock after acquiring an additional 115,561 shares during the quarter. Millennium Management LLC owned about 0.31% of FactSet Research Systems worth $48,822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its stake in shares of FactSet Research Systems by 144.4% during the second 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 in the last quarter. Crewe Advisors LLC raised its holdings in shares of FactSet Research Systems by 750.0% during the 2nd 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 lifted its position in FactSet Research Systems by 6,700.0% during the 2nd 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 position in FactSet Research Systems in the 2nd quarter worth approximately $33,000. Finally, SJS Investment Consulting Inc. grew its position in FactSet Research Systems by 300.0% in the second 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. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director James J. Mcgonigle sold 5,410 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the sale, the director now owns 5,283 shares of the company’s stock, valued at approximately $2,413,432.89. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,330,666.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James J. Mcgonigle sold 5,410 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the sale, the director now directly owns 5,283 shares in the company, valued at approximately $2,413,432.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,362 shares of company stock valued at $11,323,675. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a report on Monday, June 24th. Wells Fargo & Company raised their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Stifel Nicolaus boosted their price target on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group lowered their price objective on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. Four research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $446.67.

FactSet Research Systems Price Performance

Shares of FDS opened at $459.85 on Tuesday. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $488.64. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 3.11 and a beta of 0.75. The stock has a 50 day moving average of $425.01 and a 200-day moving average of $427.46.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same period in the prior year, the company earned $2.93 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts forecast that FactSet Research Systems Inc. will post 17.16 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently announced 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 of this dividend 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 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.