O Shaughnessy Asset Management LLC Increases Position in FactSet Research Systems Inc. (NYSE:FDS)

O Shaughnessy Asset Management LLC lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,524 shares of the business services provider’s stock after acquiring an additional 418 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in FactSet Research Systems were worth $3,419,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of FactSet Research Systems by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock worth $2,077,267,000 after purchasing an additional 11,974 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in FactSet Research Systems by 6.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock valued at $175,919,000 after acquiring an additional 20,787 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of FactSet Research Systems by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 355,333 shares of the business services provider’s stock valued at $169,512,000 after acquiring an additional 8,432 shares during the period. Boston Trust Walden Corp increased its stake in shares of FactSet Research Systems by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 287,730 shares of the business services provider’s stock worth $137,262,000 after purchasing an additional 9,016 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of FactSet Research Systems by 3.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider’s stock worth $120,178,000 after purchasing an additional 9,925 shares during the period. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Trading Down 3.1 %

FDS stock traded down $12.93 during trading on Wednesday, hitting $403.21. 375,636 shares of the company traded hands, compared to its average volume of 262,961. The company has a 50-day moving average of $420.25 and a 200-day moving average of $442.16. 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 Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The firm has a market capitalization of $15.34 billion, a PE ratio of 31.38, a P/E/G ratio of 2.56 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The firm had revenue of $552.70 million during the quarter, compared to analyst estimates of $552.71 million. During the same quarter in the prior year, the firm posted $3.79 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts predict that FactSet Research Systems Inc. will post 16.32 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio (DPR) is 31.37%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FDS shares. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Morgan Stanley boosted their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Wolfe Research assumed coverage on FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a research report on Monday, June 24th. Finally, Jefferies Financial Group lowered their price target 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 research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and a consensus price target of $432.00.

Insider Buying and Selling at FactSet Research Systems

In related news, EVP Robert J. Robie sold 4,336 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $431.48, for a total value of $1,870,897.28. Following the sale, the executive vice president now directly owns 1,485 shares of the company’s stock, valued at $640,747.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Robert J. Robie sold 4,336 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the completion of the transaction, the executive vice president now owns 1,485 shares in the company, valued at $640,747.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction 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 approximately $3,867,587.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,419 shares of company stock worth $11,606,013. 1.00% of the stock is currently owned by company insiders.

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.