Bamco Inc. NY trimmed its holdings in FactSet (NYSE:FDS) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,905,347 shares of the business services provider’s stock after selling 96,131 shares during the period. FactSet comprises approximately 2.7% of Bamco Inc. NY’s holdings, making the stock its 6th largest holding. Bamco Inc. NY owned about 0.07% of FactSet worth $579,384,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in FDS. Advisory Services Network LLC raised its position in shares of FactSet by 723.4% during the 4th quarter. Advisory Services Network LLC now owns 1,021 shares of the business services provider’s stock valued at $197,000 after acquiring an additional 897 shares in the last quarter. Lake Street Advisors Group LLC acquired a new stake in shares of FactSet during the 4th quarter valued at approximately $205,000. Checchi Capital Advisers LLC acquired a new stake in shares of FactSet during the 4th quarter valued at approximately $205,000. Dumont & Blake Investment Advisors LLC acquired a new stake in shares of FactSet during the 4th quarter valued at approximately $208,000. Finally, Mission Wealth Management LP acquired a new stake in shares of FactSet during the 1st quarter valued at approximately $217,000. 95.34% of the stock is currently owned by institutional investors.
In other FactSet news, Director Scott A. Billeadeau sold 1,500 shares of the stock in a transaction on Friday, April 13th. The stock was sold at an average price of $197.55, for a total value of $296,325.00. Following the sale, the director now directly owns 500 shares of the company’s stock, valued at $98,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Maurizio Nicolelli sold 5,675 shares of the stock in a transaction on Friday, April 13th. The stock was sold at an average price of $198.00, for a total value of $1,123,650.00. Following the completion of the sale, the chief financial officer now directly owns 9,129 shares in the company, valued at $1,807,542. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on the company. Bank of America upped their price target on FactSet from $210.00 to $214.00 and gave the company a “neutral” rating in a research report on Wednesday, April 18th. Zacks Investment Research raised FactSet from a “hold” rating to a “buy” rating and set a $237.00 price target on the stock in a research report on Tuesday, March 20th. Cantor Fitzgerald upped their price target on FactSet from $187.00 to $203.00 and gave the company a “neutral” rating in a research report on Wednesday, March 28th. Stifel Nicolaus upped their price target on FactSet from $169.00 to $184.00 and gave the company a “hold” rating in a research report on Wednesday, March 28th. Finally, UBS upped their price target on FactSet from $179.00 to $184.00 and gave the company a “sell” rating in a research report on Wednesday, March 28th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $196.15.
Shares of FactSet opened at $197.90 on Friday, according to Marketbeat. FactSet has a 1-year low of $195.90 and a 1-year high of $196.78. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 2.06 and a beta of 0.96.
FactSet (NYSE:FDS) last issued its earnings results on Tuesday, March 27th. The business services provider reported $2.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.06. FactSet had a return on equity of 54.00% and a net margin of 19.07%. The firm had revenue of $335.20 million for the quarter, compared to analyst estimates of $333.78 million. During the same period last year, the company earned $1.81 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. sell-side analysts anticipate that FactSet will post 8.48 EPS for the current fiscal year.
FactSet declared that its board has initiated a stock buyback program on Tuesday, March 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the business services provider to buy up to 3.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 19th. Shareholders of record on Thursday, May 31st will be given a $0.64 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This is a positive change from FactSet’s previous quarterly dividend of $0.56. This represents a $2.56 annualized dividend and a yield of 1.29%. FactSet’s dividend payout ratio (DPR) is currently 30.64%.
FactSet Company Profile
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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