Quantamental Technologies LLC Makes New $64,000 Investment in FactSet Research Systems Inc. (NYSE:FDS)

Quantamental Technologies LLC purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 223 shares of the business services provider’s stock, valued at approximately $64,000.

Other institutional investors have also recently made changes to their positions in the company. WINTON GROUP Ltd lifted its position in shares of 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 worth $733,000 after purchasing an additional 40 shares during the period. Piedmont Investment Advisors Inc. lifted its position in shares of FactSet Research Systems by 1.2% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 3,759 shares of the business services provider’s stock worth $933,000 after purchasing an additional 44 shares during the period. Coastal Investment Advisors Inc. lifted its position in shares of FactSet Research Systems by 23.3% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 238 shares of the business services provider’s stock worth $68,000 after purchasing an additional 45 shares during the period. Altshuler Shaham Ltd lifted its position in shares of FactSet Research Systems by 22.1% in 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. Finally, Allianz Asset Management GmbH lifted its position in shares of FactSet Research Systems by 3.2% in 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. 96.98% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Frederick Philip Snow sold 1,186 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $270.30, for a total value of $320,575.80. Following the completion of the sale, the chief executive officer now directly owns 4,980 shares in the company, valued at $1,346,094. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian G. Daly sold 473 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $294.17, for a total transaction of $139,142.41. Following the completion of the sale, the insider now owns 735 shares of the company’s stock, valued at $216,214.95. The disclosure for this sale can be found here. Insiders sold 74,314 shares of company stock valued at $21,465,229 over the last quarter. Company insiders own 2.30% of the company’s stock.

Several equities research analysts have recently commented on FDS shares. DA Davidson raised their target price on shares of FactSet Research Systems from $214.00 to $252.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Bank of America raised their target price on shares of FactSet Research Systems from $290.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 26th. Goldman Sachs Group cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price target for the company from $256.00 to $246.00 in a research report on Thursday, June 27th. Morgan Stanley cut shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $264.00 to $263.00 in a research report on Tuesday, July 16th. Finally, Stifel Nicolaus lifted their price target on shares of FactSet Research Systems from $230.00 to $242.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Three research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $251.75.

FactSet Research Systems stock traded down $0.55 during trading hours on Friday, hitting $276.10. The stock had a trading volume of 2,616 shares, compared to its average volume of 273,723. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $10.61 billion, a P/E ratio of 32.47, a price-to-earnings-growth ratio of 2.64 and a beta of 1.00. FactSet Research Systems Inc. has a 12-month low of $188.31 and a 12-month high of $305.38. The stock’s 50-day moving average price is $275.48 and its 200-day moving average price is $270.55.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, June 25th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.25. The business had revenue of $364.50 million during the quarter, compared to analysts’ expectations of $359.25 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 64.19%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.18 earnings per share. On average, research analysts expect that FactSet Research Systems Inc. will post 9.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.88 annualized dividend and a yield of 1.04%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 33.76%.

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. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

Featured Article: What is meant by holder of record?

Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS).

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

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.