Creative Planning lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 34.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,414 shares of the business services provider’s stock after buying an additional 882 shares during the period. Creative Planning’s holdings in FactSet Research Systems were worth $1,368,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in FDS. Morgan Stanley raised its holdings in shares of FactSet Research Systems by 171.6% during the fourth quarter. Morgan Stanley now owns 718,288 shares of the business services provider’s stock worth $288,185,000 after purchasing an additional 453,799 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of FactSet Research Systems during the first quarter worth $63,014,000. Norges Bank purchased a new position in shares of FactSet Research Systems during the fourth quarter worth $34,175,000. Geode Capital Management LLC raised its holdings in shares of FactSet Research Systems by 9.3% during the first quarter. Geode Capital Management LLC now owns 917,349 shares of the business services provider’s stock worth $380,034,000 after purchasing an additional 77,980 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its holdings in shares of FactSet Research Systems by 29.9% during the first quarter. Champlain Investment Partners LLC now owns 330,452 shares of the business services provider’s stock worth $137,167,000 after purchasing an additional 76,039 shares during the last quarter. 89.50% of the stock is currently owned by institutional investors and hedge funds.
FactSet Research Systems Stock Down 0.1 %
Shares of NYSE FDS opened at $446.82 on Friday. The company’s 50-day simple moving average is $433.64 and its 200-day simple moving average is $416.65. FactSet Research Systems Inc. has a 52-week low of $377.89 and a 52-week high of $474.13. The firm has a market cap of $17.05 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 2.72 and a beta of 0.80. The company has a quick ratio of 2.11, a current ratio of 1.61 and a debt-to-equity ratio of 1.00.
FactSet Research Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, August 31st were given a dividend of $0.98 per share. The ex-dividend date was Wednesday, August 30th. This represents a $3.92 dividend on an annualized basis and a yield of 0.88%. FactSet Research Systems’s payout ratio is presently 32.56%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of FactSet Research Systems from $380.00 to $367.00 and set a “sell” rating for the company in a report on Thursday, September 21st. Morgan Stanley lifted their price objective on shares of FactSet Research Systems from $332.00 to $352.00 and gave the company an “underweight” rating in a report on Friday, September 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FactSet Research Systems from $461.00 to $471.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $419.00 to $436.00 and gave the company a “market perform” rating in a report on Friday, September 22nd. Finally, StockNews.com initiated coverage on shares of FactSet Research Systems in a report on Thursday, October 5th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $442.73.
Read Our Latest Stock Report on FDS
Insider Buying and Selling
In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $435.85, for a total transaction of $1,307,550.00. Following the transaction, the chief executive officer now directly owns 8,247 shares in the company, valued at $3,594,454.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $435.85, for a total value of $1,307,550.00. Following the transaction, the chief executive officer now directly owns 8,247 shares in the company, valued at approximately $3,594,454.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Katherine M. Stepp sold 1,805 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $444.85, for a total transaction of $802,954.25. Following the completion of the transaction, the chief technology officer now owns 451 shares in the company, valued at $200,627.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,805 shares of company stock worth $6,020,524. 0.97% of the stock is owned by insiders.
FactSet Research Systems Profile
FactSet Research Systems Inc, a financial data and analytics 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.
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