Janney Montgomery Scott LLC increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 22.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,264 shares of the business services provider’s stock after buying an additional 1,168 shares during the quarter. Janney Montgomery Scott LLC’s holdings in FactSet Research Systems were worth $1,401,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in FactSet Research Systems by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 169,896 shares of the business services provider’s stock worth $33,880,000 after buying an additional 3,810 shares during the period. AMP Capital Investors Ltd acquired a new stake in FactSet Research Systems during the 2nd quarter worth $588,000. Renaissance Technologies LLC raised its stake in FactSet Research Systems by 30.6% during the 2nd quarter. Renaissance Technologies LLC now owns 217,500 shares of the business services provider’s stock worth $43,087,000 after buying an additional 51,000 shares during the period. Epoch Investment Partners Inc. raised its stake in FactSet Research Systems by 252.2% during the 2nd quarter. Epoch Investment Partners Inc. now owns 68,089 shares of the business services provider’s stock worth $13,489,000 after buying an additional 48,755 shares during the period. Finally, Delaney Dennis R acquired a new stake in FactSet Research Systems during the 3rd quarter worth $200,000. 93.19% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on the company. Stifel Nicolaus raised their price objective on FactSet Research Systems from $188.00 to $223.00 and gave the stock a “hold” rating in a research note on Wednesday, September 26th. Cantor Fitzgerald raised their price objective on FactSet Research Systems from $203.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 26th. Wells Fargo & Co lifted their price target on FactSet Research Systems from $190.00 to $225.00 and gave the company a “market perform” rating in a research note on Wednesday, September 26th. Barclays lifted their price target on FactSet Research Systems from $185.00 to $210.00 and gave the company an “underweight” rating in a research note on Wednesday, September 26th. Finally, Zacks Investment Research downgraded FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $214.30.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, September 25th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.01). FactSet Research Systems had a net margin of 19.78% and a return on equity of 58.62%. The firm had revenue of $345.90 million during the quarter, compared to analyst estimates of $346.39 million. During the same period in the prior year, the business earned $1.90 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts expect that FactSet Research Systems Inc. will post 9.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Friday, November 30th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Thursday, November 29th. FactSet Research Systems’s dividend payout ratio is 30.01%.
In other news, SVP Matthew J. Mcnulty sold 1,684 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $225.00, for a total value of $378,900.00. Following the completion of the transaction, the senior vice president now owns 3,727 shares in the company, valued at approximately $838,575. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert J. Robie sold 1,174 shares of the firm’s stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $224.78, for a total value of $263,891.72. Following the completion of the transaction, the executive vice president now owns 2,862 shares of the company’s stock, valued at approximately $643,320.36. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
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About FactSet Research Systems
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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