Principal Financial Group Inc. Acquires 1,768 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Principal Financial Group Inc. lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 169,141 shares of the business services provider’s stock after purchasing an additional 1,768 shares during the period. Principal Financial Group Inc.’s holdings in FactSet Research Systems were worth $41,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FDS. Coldstream Capital Management Inc. boosted its position in shares of FactSet Research Systems by 20.8% during the 1st quarter. Coldstream Capital Management Inc. now owns 4,680 shares of the business services provider’s stock worth $1,162,000 after acquiring an additional 807 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in shares of FactSet Research Systems by 155.2% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 4,234 shares of the business services provider’s stock worth $1,051,000 after acquiring an additional 2,575 shares in the last quarter. Intrust Bank NA acquired a new stake in shares of FactSet Research Systems during the 1st quarter worth approximately $205,000. AJO LP acquired a new stake in shares of FactSet Research Systems during the 1st quarter worth approximately $17,151,000. Finally, Swiss National Bank boosted its position in shares of FactSet Research Systems by 1.5% during the 1st quarter. Swiss National Bank now owns 69,351 shares of the business services provider’s stock worth $17,218,000 after acquiring an additional 1,000 shares in the last quarter. 93.41% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on FDS shares. Morgan Stanley increased their price target on shares of FactSet Research Systems from $200.00 to $211.00 and gave the stock an “equal weight” rating in a research report on Monday, February 25th. DA Davidson raised their target price on shares of FactSet Research Systems to $214.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Piper Jaffray Companies raised their target price on shares of FactSet Research Systems from $211.00 to $262.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Barclays restated a “hold” rating and issued a $275.00 target price on shares of FactSet Research Systems in a research report on Monday, May 6th. Finally, Deutsche Bank raised their target price on shares of FactSet Research Systems from $217.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, March 27th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $239.82.



In other news, EVP Robert J. Robie sold 10,459 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $241.34, for a total transaction of $2,524,175.06. Following the completion of the transaction, the executive vice president now owns 4,331 shares of the company’s stock, valued at $1,045,243.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 1,186 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $278.41, for a total transaction of $330,194.26. Following the transaction, the chief executive officer now directly owns 4,980 shares of the company’s stock, valued at approximately $1,386,481.80. The disclosure for this sale can be found here. Insiders have sold 14,014 shares of company stock valued at $3,476,129 in the last ninety days. Insiders own 2.30% of the company’s stock.

FactSet Research Systems stock traded up $3.71 during mid-day trading on Wednesday, reaching $298.72. The company had a trading volume of 132,862 shares, compared to its average volume of 289,125. FactSet Research Systems Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $299.87. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market capitalization of $11.17 billion, a P/E ratio of 35.02, a P/E/G ratio of 2.95 and a beta of 1.06.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, March 26th. The business services provider reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. FactSet Research Systems had a net margin of 22.45% and a return on equity of 64.58%. The firm had revenue of $354.90 million for the quarter, compared to analyst estimates of $356.46 million. During the same quarter last year, the business posted $2.12 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts expect that FactSet Research Systems Inc. will post 9.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Friday, May 31st will be given a $0.72 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.88 dividend on an annualized basis and a yield of 0.96%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.64. FactSet Research Systems’s dividend payout ratio (DPR) is currently 33.76%.

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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.

Further Reading: What is Cost of Goods Sold (COGS)?

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

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