Headlands Technologies LLC Sells 268 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Headlands Technologies LLC lessened its position in FactSet Research Systems Inc. (NYSE:FDS) by 64.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145 shares of the business services provider’s stock after selling 268 shares during the quarter. Headlands Technologies LLC’s holdings in FactSet Research Systems were worth $59,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of FactSet Research Systems by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock valued at $2,077,267,000 after purchasing an additional 11,974 shares during the last quarter. Ninety One UK Ltd grew its position in FactSet Research Systems by 0.9% in the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock valued at $496,645,000 after purchasing an additional 10,928 shares in the last quarter. PineStone Asset Management Inc. increased its stake in FactSet Research Systems by 53.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after buying an additional 94,952 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in FactSet Research Systems by 3.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider’s stock worth $120,178,000 after buying an additional 9,925 shares in the last quarter. Finally, Tandem Investment Advisors Inc. boosted its stake in shares of FactSet Research Systems by 1.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock worth $102,079,000 after buying an additional 3,485 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $453.98 on Tuesday. The stock has a 50 day simple moving average of $418.42 and a 200 day simple moving average of $428.25. The stock has a market cap of $17.27 billion, a P/E ratio of 34.24, a PEG ratio of 2.64 and a beta of 0.75. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. During the same quarter last year, the firm earned $3.79 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. Research analysts anticipate that FactSet Research Systems Inc. will post 16.28 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.92%. FactSet Research Systems’s payout ratio is presently 31.37%.

Insider Activity

In other FactSet Research Systems news, Director Robin Ann Abrams sold 2,375 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total transaction of $999,186.25. Following the transaction, the director now owns 9,193 shares in the company, valued at approximately $3,867,587.03. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,281,976.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 9,193 shares of the company’s stock, valued at $3,867,587.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,432 shares of company stock worth $5,166,986. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FDS. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Morgan Stanley upped their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research note on Monday, June 24th. Wells Fargo & Company raised shares of FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research report on Monday, June 24th. Finally, Jefferies Financial Group dropped their target price on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and a consensus price target of $432.27.

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.