BI Asset Management Fondsmaeglerselskab A S Has $1.70 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 192.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,746 shares of the business services provider’s stock after acquiring an additional 2,464 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in FactSet Research Systems were worth $1,702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Central Pacific Bank Trust Division bought a new position in FactSet Research Systems during the first quarter worth $1,661,000. Whittier Trust Co. of Nevada Inc. boosted its stake in FactSet Research Systems by 5.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 9,064 shares of the business services provider’s stock worth $4,118,000 after acquiring an additional 452 shares in the last quarter. Whittier Trust Co. boosted its stake in FactSet Research Systems by 4.1% during the first quarter. Whittier Trust Co. now owns 17,147 shares of the business services provider’s stock worth $7,791,000 after acquiring an additional 681 shares in the last quarter. Diversified LLC boosted its stake in FactSet Research Systems by 11.8% during the first quarter. Diversified LLC now owns 531 shares of the business services provider’s stock worth $241,000 after acquiring an additional 56 shares in the last quarter. Finally, Haverford Trust Co boosted its stake in FactSet Research Systems by 24.9% during the first quarter. Haverford Trust Co now owns 772 shares of the business services provider’s stock worth $351,000 after acquiring an additional 154 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FDS shares. Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Monday, June 24th. Jefferies Financial Group decreased their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. Finally, Stifel Nicolaus restated a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $432.00.

FactSet Research Systems Trading Up 0.7 %

Shares of FactSet Research Systems stock opened at $414.65 on Thursday. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The firm has a market cap of $15.77 billion, a PE ratio of 31.27, a PEG ratio of 2.49 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. The company has a 50 day simple moving average of $421.40 and a two-hundred day simple moving average of $444.83.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The business had revenue of $552.70 million during the quarter, compared to analyst estimates of $552.71 million. During the same period in the previous year, the business posted $3.79 earnings per share. FactSet Research Systems’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts expect that FactSet Research Systems Inc. will post 16.33 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date was Friday, May 31st. FactSet Research Systems’s payout ratio is presently 31.37%.

Insider Activity at FactSet Research Systems

In related news, Director Robin Ann Abrams sold 2,375 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the sale, the director now directly owns 9,193 shares in the company, valued at approximately $3,867,587.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Goran Skoko sold 6,215 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $436.40, for a total value of $2,712,226.00. Following the sale, the executive vice president now directly owns 5,262 shares of the company’s stock, valued at approximately $2,296,336.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin Ann Abrams sold 2,375 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the sale, the director now directly owns 9,193 shares in the company, valued at $3,867,587.03. The disclosure for this sale can be found here. Insiders sold 27,419 shares of company stock worth $11,606,013 in the last three months. 1.00% of the stock is owned by insiders.

About FactSet Research Systems

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.