Tandem Investment Advisors Inc. Reduces Position in FactSet Research Systems Inc. (FDS)

Tandem Investment Advisors Inc. cut its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.0% in the first quarter, Holdings Channel reports. The institutional investor owned 75,269 shares of the business services provider’s stock after selling 777 shares during the period. FactSet Research Systems comprises approximately 4.1% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 3rd biggest holding. Tandem Investment Advisors Inc.’s holdings in FactSet Research Systems were worth $18,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in FDS. Norges Bank bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $49,705,000. Prana Capital Management LP purchased a new position in FactSet Research Systems during the 4th quarter worth $11,377,000. APG Asset Management N.V. increased its holdings in FactSet Research Systems by 39.7% during the 4th quarter. APG Asset Management N.V. now owns 142,900 shares of the business services provider’s stock worth $25,017,000 after purchasing an additional 40,600 shares during the period. BlackRock Inc. increased its holdings in FactSet Research Systems by 1.0% during the 4th quarter. BlackRock Inc. now owns 3,387,651 shares of the business services provider’s stock worth $677,971,000 after purchasing an additional 33,022 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in FactSet Research Systems by 16.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 230,997 shares of the business services provider’s stock worth $46,230,000 after purchasing an additional 32,222 shares during the period. 92.15% of the stock is owned by institutional investors.

Shares of NYSE:FDS traded up $1.56 on Monday, reaching $261.69. The company had a trading volume of 753 shares, compared to its average volume of 280,693. FactSet Research Systems Inc. has a 52-week low of $184.48 and a 52-week high of $260.13. The company has a market capitalization of $9.80 billion, a PE ratio of 30.68, a P/E/G ratio of 2.59 and a beta of 1.11. The company has a current ratio of 2.45, a quick ratio of 2.49 and a debt-to-equity ratio of 0.96.



FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, March 26th. The business services provider reported $2.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.34 by $0.08. FactSet Research Systems had a return on equity of 64.58% and a net margin of 22.45%. The firm had revenue of $354.90 million for the quarter, compared to the consensus estimate of $356.46 million. During the same period in the previous year, the business earned $2.12 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts predict that FactSet Research Systems Inc. will post 9.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Thursday, February 28th were paid a dividend of $0.64 per share. The ex-dividend date was Wednesday, February 27th. This represents a $2.56 annualized dividend and a yield of 0.98%. FactSet Research Systems’s dividend payout ratio (DPR) is 30.01%.

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 1,182 shares of FactSet Research Systems stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $236.63, for a total transaction of $279,696.66. Following the completion of the sale, the chief executive officer now owns 4,870 shares of the company’s stock, valued at approximately $1,152,388.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John W. Wiseman sold 9,669 shares of FactSet Research Systems stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $205.75, for a total value of $1,989,396.75. Following the sale, the executive vice president now directly owns 2,050 shares of the company’s stock, valued at approximately $421,787.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,675 shares of company stock worth $5,346,528. 2.30% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on FDS. Cantor Fitzgerald reiterated a “hold” rating and issued a $209.00 price target on shares of FactSet Research Systems in a report on Sunday, January 13th. Morgan Stanley cut their price target on FactSet Research Systems from $207.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 8th. DA Davidson lifted their price target on FactSet Research Systems to $206.00 and gave the company a “neutral” rating in a report on Wednesday, December 19th. Deutsche Bank lifted their price target on FactSet Research Systems from $217.00 to $245.00 and gave the company a “hold” rating in a report on Wednesday, March 27th. Finally, Piper Jaffray Companies lifted their price target on FactSet Research Systems from $211.00 to $262.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $236.18.

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FactSet Research Systems Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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

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