Mather Group LLC. Raises Position in FactSet Research Systems Inc. (NYSE:FDS)

Mather Group LLC. lifted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 129.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 561 shares of the business services provider’s stock after purchasing an additional 317 shares during the quarter. Mather Group LLC.’s holdings in FactSet Research Systems were worth $229,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in FactSet Research Systems by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock worth $2,077,267,000 after buying an additional 11,974 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of FactSet Research Systems by 6.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock worth $175,919,000 after purchasing an additional 20,787 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in 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 purchasing an additional 8,432 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in FactSet Research Systems by 3.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider’s stock valued at $120,178,000 after purchasing an additional 9,925 shares during the last quarter. Finally, Tandem Investment Advisors Inc. raised its position in FactSet Research Systems by 13.0% in the 1st quarter. Tandem Investment Advisors Inc. now owns 246,543 shares of the business services provider’s stock worth $112,027,000 after purchasing an additional 28,391 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 1.8 %

Shares of FDS traded up $7.38 during mid-day trading on Wednesday, hitting $412.04. The company’s stock had a trading volume of 58,054 shares, compared to its average volume of 260,206. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.44 and a beta of 0.75. The company’s 50-day moving average is $413.74 and its 200-day moving average is $438.51. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, topping 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 company 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 business earned $3.79 earnings per share. FactSet Research Systems’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that FactSet Research Systems Inc. will post 16.29 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Insider Activity at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total value of $1,238,250.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,330,666.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,330,666.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Goran Skoko sold 6,215 shares of FactSet Research Systems stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the completion of the sale, the executive vice president now owns 5,262 shares of the company’s stock, valued at $2,296,336.80. The disclosure for this sale can be found here. Insiders sold 18,647 shares of company stock valued at $7,829,442 over the last 90 days. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

FDS has been the topic of a number of analyst reports. Jefferies Financial Group cut their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a research report on Monday, June 24th. Morgan Stanley upped their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a report on Monday, June 24th. Finally, Wolfe Research assumed coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective for the company. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $432.00.

FactSet Research Systems 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.