Macquarie Group Ltd. Boosts Stake in FactSet Research Systems Inc. (NYSE:FDS)

Macquarie Group Ltd. boosted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 150.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,500 shares of the business services provider’s stock after buying an additional 901 shares during the quarter. Macquarie Group Ltd.’s holdings in FactSet Research Systems were worth $430,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of FDS. WINTON GROUP Ltd raised its holdings in FactSet Research Systems by 1.6% in the 2nd quarter. WINTON GROUP Ltd now owns 2,559 shares of the business services provider’s stock valued at $733,000 after acquiring an additional 40 shares during the last quarter. Coastal Investment Advisors Inc. increased its holdings in shares of FactSet Research Systems by 23.3% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 238 shares of the business services provider’s stock worth $68,000 after buying an additional 45 shares during the last quarter. Altshuler Shaham Ltd boosted its position in FactSet Research Systems by 22.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 265 shares of the business services provider’s stock worth $208,000 after purchasing an additional 48 shares during the period. Allianz Asset Management GmbH boosted its position in FactSet Research Systems by 3.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,742 shares of the business services provider’s stock worth $499,000 after purchasing an additional 54 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its position in FactSet Research Systems by 4.9% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,176 shares of the business services provider’s stock worth $337,000 after purchasing an additional 55 shares during the period. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 1,186 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $243.26, for a total value of $288,506.36. Following the completion of the sale, the chief executive officer now owns 4,980 shares in the company, valued at approximately $1,211,434.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Philip A. Hadley sold 75,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $282.86, for a total transaction of $21,214,500.00. Following the completion of the sale, the director now owns 467,368 shares of the company’s stock, valued at approximately $132,199,712.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,558 shares of company stock valued at $29,292,389. Insiders own 2.30% of the company’s stock.

Shares of FDS stock opened at $246.20 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.87 and a current ratio of 2.81. FactSet Research Systems Inc. has a one year low of $188.31 and a one year high of $305.38. The company’s 50-day simple moving average is $261.59 and its 200-day simple moving average is $273.96. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 2.73 and a beta of 0.97.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, September 26th. The business services provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.47 by $0.14. FactSet Research Systems had a net margin of 24.58% and a return on equity of 63.04%. The business had revenue of $364.28 million for the quarter, compared to analysts’ expectations of $362.39 million. During the same quarter last year, the company posted $2.20 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, research analysts forecast that FactSet Research Systems Inc. will post 9.99 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a $0.72 dividend. The ex-dividend date was Thursday, August 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.17%. FactSet Research Systems’s payout ratio is 28.80%.

A number of analysts recently weighed in on FDS shares. Goldman Sachs Group cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $256.00 to $246.00 in a research report on Thursday, June 27th. UBS Group decreased their price objective on shares of FactSet Research Systems from $233.00 to $224.00 and set a “sell” rating for the company in a research report on Friday, September 27th. Barclays decreased their price objective on shares of FactSet Research Systems from $275.00 to $250.00 and set an “equal weight” rating for the company in a research report on Friday, September 27th. DA Davidson decreased their price objective on shares of FactSet Research Systems to $240.00 and set a “neutral” rating for the company in a research report on Friday, September 27th. Finally, Morgan Stanley decreased their price objective on shares of FactSet Research Systems from $217.00 to $215.00 and set an “underweight” rating for the company in a research report on Thursday, October 10th. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $239.08.

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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