Cullinan Associates Inc. increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 104.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,215 shares of the business services provider’s stock after purchasing an additional 8,275 shares during the period. Cullinan Associates Inc.’s holdings in FactSet Research Systems were worth $3,245,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in FDS. Great Lakes Advisors LLC grew its stake in FactSet Research Systems by 0.5% during the 3rd quarter. Great Lakes Advisors LLC now owns 9,165 shares of the business services provider’s stock valued at $2,050,000 after purchasing an additional 50 shares during the last quarter. Paradigm Asset Management Co. LLC grew its stake in FactSet Research Systems by 6.7% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 800 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 50 shares during the last quarter. First Hawaiian Bank grew its stake in FactSet Research Systems by 4.3% during the 4th quarter. First Hawaiian Bank now owns 3,800 shares of the business services provider’s stock valued at $760,000 after purchasing an additional 156 shares during the last quarter. Capital Investment Services of America Inc. grew its stake in FactSet Research Systems by 0.5% during the 4th quarter. Capital Investment Services of America Inc. now owns 52,337 shares of the business services provider’s stock valued at $10,474,000 after purchasing an additional 235 shares during the last quarter. Finally, Moody National Bank Trust Division purchased a new stake in FactSet Research Systems during the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 92.35% of the company’s stock.
Several analysts have weighed in on FDS shares. Credit Suisse Group started coverage on FactSet Research Systems in a research note on Friday, December 7th. They set a “neutral” rating and a $238.00 price target on the stock. Morgan Stanley set a $204.00 price target on FactSet Research Systems and gave the company a “hold” rating in a research note on Monday, October 15th. Zacks Investment Research downgraded FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Barclays upgraded FactSet Research Systems from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $210.00 to $235.00 in a research note on Friday, December 7th. Finally, Bank of America boosted their price target on FactSet Research Systems from $214.00 to $245.00 and gave the company a “neutral” rating in a research note on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $219.36.
In related news, CEO Frederick Philip Snow sold 1,182 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $200.00, for a total value of $236,400.00. Following the completion of the transaction, the chief executive officer now owns 4,870 shares of the company’s stock, valued at approximately $974,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Zimmel sold 2,622 shares of the company’s stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $195.74, for a total value of $513,230.28. Following the completion of the transaction, the director now directly owns 5,041 shares of the company’s stock, valued at approximately $986,725.34. The disclosure for this sale can be found here. In the last three months, insiders sold 7,899 shares of company stock valued at $1,580,246. Insiders own 2.30% of the company’s stock.
Shares of FDS stock opened at $203.71 on Friday. The stock has a market capitalization of $7.81 billion, a PE ratio of 23.88, a P/E/G ratio of 2.12 and a beta of 1.05. The company has a quick ratio of 1.95, a current ratio of 2.49 and a debt-to-equity ratio of 1.06. FactSet Research Systems Inc. has a 52-week low of $184.48 and a 52-week high of $237.95.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, December 18th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.29 by $0.06. The business had revenue of $351.60 million during the quarter, compared to analysts’ expectations of $349.92 million. FactSet Research Systems had a return on equity of 62.54% and a net margin of 20.47%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.04 EPS. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 9.5 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 18th. Stockholders of record on Friday, November 30th were issued a $0.64 dividend. The ex-dividend date was Thursday, November 29th. This represents a $2.56 annualized dividend and a dividend yield of 1.26%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.01%.
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About FactSet Research Systems
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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