Core Alternative Capital Sells 2,917 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Core Alternative Capital trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 15.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,417 shares of the business services provider’s stock after selling 2,917 shares during the quarter. FactSet Research Systems accounts for about 1.3% of Core Alternative Capital’s holdings, making the stock its 29th largest position. Core Alternative Capital’s holdings in FactSet Research Systems were worth $6,703,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FDS. SteelPeak Wealth LLC grew its position in shares of FactSet Research Systems by 134.1% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 1,506 shares during the period. Bell Asset Management Ltd bought a new stake in FactSet Research Systems in the 4th quarter valued at about $6,756,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in FactSet Research Systems by 3.1% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock valued at $20,321,000 after purchasing an additional 1,389 shares during the last quarter. Cetera Investment Advisers boosted its position in FactSet Research Systems by 214.5% during the first quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock worth $2,454,000 after purchasing an additional 3,683 shares during the period. Finally, Illinois Municipal Retirement Fund increased its stake in shares of FactSet Research Systems by 22.5% in the first quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider’s stock worth $7,223,000 after purchasing an additional 2,920 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FDS has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. UBS Group lifted their price target on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Morgan Stanley increased their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a report on Monday, June 24th. BMO Capital Markets lifted their target price on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Finally, Royal Bank of Canada upped their price target on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research report on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $446.67.

FactSet Research Systems Stock Up 0.6 %

FDS stock opened at $458.49 on Monday. The company’s 50 day moving average is $424.39 and its 200 day moving average is $427.60. The stock has a market cap of $17.44 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter in the previous year, the company earned $2.93 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Sell-side analysts predict that FactSet Research Systems Inc. will post 17.16 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were given a $1.04 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. FactSet Research Systems’s payout ratio is 31.37%.

Insider Buying and Selling at FactSet Research Systems

In other news, Director James J. Mcgonigle sold 5,410 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the sale, the director now owns 5,283 shares of the company’s stock, valued at $2,413,432.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other FactSet Research Systems news, Director James J. Mcgonigle sold 5,410 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the transaction, the director now owns 5,283 shares of the company’s stock, valued at approximately $2,413,432.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $412.75, for a total value of $1,238,250.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,330,666.25. The disclosure for this sale can be found here. Insiders sold a total of 25,362 shares of company stock worth $11,323,675 over the last three months. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems 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.