Forsta AP Fonden Decreases Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Forsta AP Fonden cut its stake in FactSet Research Systems Inc. (NYSE:FDSFree Report) by 49.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,800 shares of the business services provider’s stock after selling 9,700 shares during the period. Forsta AP Fonden’s holdings in FactSet Research Systems were worth $4,001,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mission Wealth Management LP raised its holdings in FactSet Research Systems by 0.7% during the first quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider’s stock worth $1,536,000 after purchasing an additional 24 shares during the last quarter. Procyon Advisors LLC raised its stake in shares of FactSet Research Systems by 0.4% during the 1st quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock worth $2,948,000 after buying an additional 27 shares during the last quarter. Retirement Systems of Alabama grew its stake in FactSet Research Systems by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 8,407 shares of the business services provider’s stock valued at $3,820,000 after acquiring an additional 34 shares during the last quarter. American National Bank increased its holdings in FactSet Research Systems by 19.6% during the 2nd quarter. American National Bank now owns 238 shares of the business services provider’s stock valued at $97,000 after acquiring an additional 39 shares in the last quarter. Finally, UMB Bank n.a. raised its position in 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 acquiring an additional 39 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Morgan Stanley increased their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a research note on Monday, June 24th. Jefferies Financial Group decreased their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Finally, Wells Fargo & Company raised shares of FactSet Research Systems to a “hold” rating in a research report on Tuesday, August 13th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $432.27.

Read Our Latest Report on FDS

FactSet Research Systems Trading Up 1.2 %

FDS stock opened at $445.36 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The company has a market cap of $16.94 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 2.64 and a beta of 0.75. The business has a fifty day simple moving average of $417.70 and a 200-day simple moving average of $428.57. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $488.64.

FactSet Research Systems (NYSE:FDSGet Free Report) last released its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company had revenue of $552.70 million for the quarter, compared to the consensus estimate of $552.71 million. During the same period last year, the business posted $3.79 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts expect that FactSet Research Systems Inc. will post 16.28 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, August 30th. FactSet Research Systems’s payout ratio is currently 31.37%.

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, July 1st. The stock was 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 approximately $5,281,976.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Robin Ann Abrams sold 2,375 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was 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 in the company, valued at $3,867,587.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,281,976.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,432 shares of company stock valued at $5,166,986. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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