Quest Partners LLC Increases Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Quest Partners LLC grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6,700.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68 shares of the business services provider’s stock after purchasing an additional 67 shares during the quarter. Quest Partners LLC’s holdings in FactSet Research Systems were worth $28,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in FactSet Research Systems during the fourth quarter valued at approximately $47,977,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of FactSet Research Systems by 10.0% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,282 shares of the business services provider’s stock worth $612,000 after purchasing an additional 117 shares in the last quarter. UBS Group AG raised its holdings in 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 worth $25,057,000 after purchasing an additional 1,396 shares during the period. D.A. Davidson & CO. lifted its position in FactSet Research Systems by 7.0% during the fourth quarter. D.A. Davidson & CO. now owns 1,115 shares of the business services provider’s stock valued at $532,000 after purchasing an additional 73 shares in the last quarter. Finally, TCW Group Inc. grew its holdings in FactSet Research Systems by 3.7% during the fourth quarter. TCW Group Inc. now owns 15,293 shares of the business services provider’s stock valued at $7,295,000 after purchasing an additional 541 shares during the period. Institutional investors own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, Director Robin Ann Abrams sold 2,375 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the transaction, the director now owns 9,193 shares in the company, valued at $3,867,587.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction 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 filing with the SEC, which is accessible through the SEC website. Also, Director Robin Ann Abrams sold 2,375 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total value of $999,186.25. Following the completion of the sale, the director now owns 9,193 shares of the company’s stock, valued at $3,867,587.03. The disclosure for this sale can be found here. Insiders have sold a total of 12,432 shares of company stock valued at $5,166,986 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. BMO Capital Markets raised their price objective on FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research note on Friday. Morgan Stanley lifted their price target 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. Jefferies Financial Group reduced their price objective on shares of 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. UBS Group lifted their target price on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Stifel Nicolaus increased 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. Four analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $446.67.

FactSet Research Systems Trading Down 0.7 %

Shares of FactSet Research Systems stock opened at $466.37 on Friday. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $488.64. 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 business has a 50-day moving average price of $420.81 and a 200-day moving average price of $428.57. The firm has a market cap of $17.74 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 2.64 and a beta of 0.75.

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

FactSet Research Systems Announces Dividend

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