FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Czech National Bank

Czech National Bank increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 8.3% during the 2nd quarter, Holdings Channel reports. The fund owned 7,263 shares of the business services provider’s stock after purchasing an additional 557 shares during the quarter. Czech National Bank’s holdings in FactSet Research Systems were worth $2,965,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in shares of FactSet Research Systems by 6.5% in the fourth quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock worth $179,000 after buying an additional 23 shares in the last quarter. Mission Wealth Management LP grew its holdings in FactSet Research Systems by 0.7% during the 1st quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider’s stock worth $1,536,000 after acquiring an additional 24 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of FactSet Research Systems by 19.1% in the 1st quarter. Global Retirement Partners LLC now owns 168 shares of the business services provider’s stock valued at $76,000 after buying an additional 27 shares in the last quarter. Procyon Advisors LLC boosted its holdings in shares of FactSet Research Systems by 0.4% in the 1st quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock valued at $2,948,000 after buying an additional 27 shares in the last quarter. Finally, Smithfield Trust Co raised its position in FactSet Research Systems by 51.6% during the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock worth $44,000 after buying an additional 32 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 0.4 %

NYSE:FDS traded down $1.65 on Monday, hitting $401.38. 20,241 shares of the stock were exchanged, compared to its average volume of 259,005. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 2.44 and a beta of 0.75. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $488.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. The company’s 50-day moving average price is $413.33 and its 200 day moving average price is $437.09.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results 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 net margin of 23.56% and a return on equity of 34.48%. The business had revenue of $552.70 million for the quarter, compared to the consensus estimate of $552.71 million. During the same period last year, the company posted $3.79 EPS. FactSet Research Systems’s revenue for the quarter 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 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

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

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,330,666.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Katherine M. Stepp sold 1,057 shares of FactSet Research Systems stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $428.42, for a total value of $452,839.94. Following the sale, the chief technology officer now directly owns 687 shares in the company, valued at $294,324.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on 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 completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,330,666.25. The disclosure for this sale can be found here. Insiders sold 12,432 shares of company stock worth $5,117,216 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FDS. Morgan Stanley increased their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research note on Monday, June 24th. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Finally, Jefferies Financial Group lowered their price objective on 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 investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average 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.