Hsbc Holdings PLC Raises Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Hsbc Holdings PLC increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 7.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,167 shares of the business services provider’s stock after purchasing an additional 5,829 shares during the quarter. Hsbc Holdings PLC owned approximately 0.23% of FactSet Research Systems worth $36,420,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of FactSet Research Systems by 144.4% during the 2nd 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 during the last quarter. Crewe Advisors LLC boosted its position in FactSet Research Systems by 750.0% during 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 last quarter. Quest Partners LLC boosted its position in 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 worth $28,000 after acquiring an additional 67 shares during the last quarter. Gladius Capital Management LP purchased a new stake in FactSet Research Systems in the 2nd quarter worth approximately $33,000. Finally, SJS Investment Consulting Inc. raised its holdings in FactSet Research Systems by 300.0% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented 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 research report on Friday. Morgan Stanley upped their price objective 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. BMO Capital Markets raised their target price on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research report on Friday. Stifel Nicolaus boosted their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday. Finally, Wells Fargo & Company increased their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday. Four research analysts have rated the stock with a sell rating and ten have given 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 Stock Performance

Shares of FDS stock opened at $466.37 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a market cap of $17.74 billion, a PE ratio of 35.17, a P/E/G ratio of 2.64 and a beta of 0.75. The company’s fifty day simple moving average is $420.81 and its 200-day simple moving average is $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:FDS) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS 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 company had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same period last year, the company posted $2.93 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts anticipate that FactSet Research Systems Inc. will post 16.28 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders 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 (DPR) is 31.37%.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other FactSet Research Systems news, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total transaction of $999,186.25. Following the sale, the director now directly owns 9,193 shares in the company, valued at approximately $3,867,587.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,281,976.70. The disclosure for this sale can be found here. Insiders have sold 12,432 shares of company stock worth $5,166,986 over the last 90 days. Company insiders own 1.00% of the company’s stock.

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.