Parsons Capital Management Inc. RI Sells 34 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Parsons Capital Management Inc. RI lowered its position in FactSet Research Systems Inc. (NYSE:FDS) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 750 shares of the business services provider’s stock after selling 34 shares during the period. Parsons Capital Management Inc. RI’s holdings in FactSet Research Systems were worth $306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new stake in FactSet Research Systems during the 4th quarter worth about $47,977,000. PineStone Asset Management Inc. grew its stake in shares of FactSet Research Systems by 53.3% during the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after purchasing an additional 94,952 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of FactSet Research Systems in the fourth quarter valued at approximately $45,288,000. Norden Group LLC raised its position in FactSet Research Systems by 1,844.5% in the 1st quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock worth $20,761,000 after purchasing an additional 43,346 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in FactSet Research Systems by 198.2% in the 1st quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider’s stock worth $23,352,000 after purchasing an additional 34,156 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Trading Up 0.5 %

NYSE:FDS traded up $2.17 on Monday, reaching $413.04. The company’s stock had a trading volume of 283,434 shares, compared to its average volume of 257,868. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The business’s 50-day moving average price is $413.66 and its two-hundred day moving average price is $434.14. The firm has a market cap of $15.71 billion, a PE ratio of 31.15, a PEG ratio of 2.44 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.91 by $0.46. The business had revenue of $552.70 million during the quarter, compared to analyst estimates of $552.71 million. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. FactSet Research Systems’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.79 EPS. Equities research analysts anticipate that FactSet Research Systems Inc. will post 16.29 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 30th will be issued a dividend of $1.04 per share. The ex-dividend date is Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.01%. FactSet Research Systems’s payout ratio is 31.37%.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,166,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,166,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction that occurred 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 sale, the director now owns 9,193 shares in the company, valued at $3,867,587.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,432 shares of company stock valued at $5,117,216. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wells Fargo & Company raised FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th. Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Monday, June 24th. Morgan Stanley upped their target price on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research report on Monday, June 24th. Bank of America cut shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Finally, Jefferies Financial Group cut their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $432.27.

FactSet Research Systems Company 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.