Bessemer Group Inc. grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 22.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,442 shares of the business services provider’s stock after buying an additional 266 shares during the period. Bessemer Group Inc.’s holdings in FactSet Research Systems were worth $645,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its holdings in shares of FactSet Research Systems by 0.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,176 shares of the business services provider’s stock worth $4,999,000 after purchasing an additional 94 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of FactSet Research Systems by 10.5% in the 2nd quarter. Wealthfront Advisers LLC now owns 2,962 shares of the business services provider’s stock worth $1,325,000 after purchasing an additional 282 shares during the last quarter. Guardian Wealth Advisors LLC bought a new stake in shares of FactSet Research Systems in the 2nd quarter worth approximately $223,000. Curio Wealth LLC lifted its holdings in shares of FactSet Research Systems by 39,000.0% in the 2nd quarter. Curio Wealth LLC now owns 391 shares of the business services provider’s stock worth $175,000 after purchasing an additional 390 shares during the last quarter. Finally, Keeler Thomas Management LLC bought a new stake in shares of FactSet Research Systems in the 2nd quarter worth approximately $1,229,000. Institutional investors own 91.24% of the company’s stock.
FactSet Research Systems Stock Down 0.7%
Shares of FactSet Research Systems stock opened at $267.02 on Friday. The business’s fifty day moving average price is $314.47 and its two-hundred day moving average price is $388.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $9.99 billion, a P/E ratio of 17.17, a PEG ratio of 2.73 and a beta of 0.79. FactSet Research Systems Inc. has a 1-year low of $265.11 and a 1-year high of $499.87.
FactSet Research Systems Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 29th were given a dividend of $1.10 per share. The ex-dividend date was Friday, August 29th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. FactSet Research Systems’s dividend payout ratio (DPR) is 28.30%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on FDS. Rothschild Redb raised FactSet Research Systems from a “strong sell” rating to a “hold” rating in a report on Friday, September 12th. Huber Research raised FactSet Research Systems to a “strong sell” rating in a report on Friday, September 19th. UBS Group raised FactSet Research Systems from a “neutral” rating to a “buy” rating and cut their price target for the stock from $480.00 to $425.00 in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FactSet Research Systems in a research note on Wednesday, October 8th. Finally, BMO Capital Markets cut their target price on FactSet Research Systems from $452.00 to $324.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Reduce” and an average price target of $356.78.
Read Our Latest Stock Analysis on FactSet Research Systems
Insider Buying and Selling at FactSet Research Systems
In other news, insider Christopher Mcloughlin purchased 338 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were bought at an average cost of $296.19 per share, for a total transaction of $100,112.22. Following the transaction, the insider owned 3,446 shares in the company, valued at $1,020,670.74. This trade represents a 10.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Helen L. Shan purchased 370 shares of the stock in a transaction dated Monday, October 6th. The shares were purchased at an average price of $275.48 per share, for a total transaction of $101,927.60. Following the completion of the transaction, the executive vice president owned 9,284 shares in the company, valued at $2,557,556.32. This trade represents a 4.15% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is currently owned by company insiders.
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.
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