FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Diversified Trust Co

Diversified Trust Co boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 3.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,972 shares of the business services provider’s stock after acquiring an additional 59 shares during the period. Diversified Trust Co’s holdings in FactSet Research Systems were worth $805,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FDS. Criterion Capital Advisors LLC acquired a new position in FactSet Research Systems during the fourth quarter worth $30,000. Desjardins Global Asset Management Inc. lifted its stake in shares of FactSet Research Systems by 69.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock worth $40,000 after buying an additional 34 shares in the last quarter. Smithfield Trust Co lifted its stake in shares of FactSet Research Systems by 51.6% in the fourth quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock worth $44,000 after buying an additional 32 shares in the last quarter. Federated Hermes Inc. purchased a new position in shares of FactSet Research Systems in the fourth quarter worth about $70,000. Finally, Global Retirement Partners LLC lifted its stake in shares of FactSet Research Systems by 19.1% in the first quarter. Global Retirement Partners LLC now owns 168 shares of the business services provider’s stock worth $76,000 after buying an additional 27 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on FDS. Wells Fargo & Company raised shares of FactSet Research Systems to a “hold” rating in a research note on Tuesday. Morgan Stanley raised their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research note on Monday, June 24th. Jefferies Financial Group decreased 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 research note on Wednesday, June 5th. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research report on Monday, June 24th. Finally, Bank of America cut shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $432.27.

FactSet Research Systems Trading Down 0.0 %

Shares of FDS traded down $0.17 during trading on Wednesday, reaching $400.89. 3,408 shares of the company traded hands, compared to its average volume of 257,481. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $488.64. The stock has a market cap of $15.25 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 2.44 and a beta of 0.75. The stock has a 50-day simple moving average of $413.47 and a 200-day simple moving average of $436.08. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS) last announced 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. The firm had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.79 earnings per share. On average, analysts anticipate that FactSet Research Systems Inc. will post 16.29 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

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

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,166,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total value of $999,186.25. Following the completion of the transaction, the director now owns 9,193 shares in the company, valued at $3,867,587.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,166,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,432 shares of company stock worth $5,117,216. Corporate insiders own 1.00% of the company’s stock.

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.