FactSet Research Systems Inc. (NYSE:FDS) Stock Holdings Increased by Millennium Management LLC

Millennium Management LLC lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2,873.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 119,582 shares of the business services provider’s stock after purchasing an additional 115,561 shares during the quarter. Millennium Management LLC’s holdings in FactSet Research Systems were worth $48,822,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FDS. UMB Bank n.a. lifted its holdings in FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after purchasing an additional 39 shares during the period. Crewe Advisors LLC lifted its stake in shares of FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares during the period. Quest Partners LLC boosted its holdings in shares of FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Gladius Capital Management LP acquired a new position in shares of FactSet Research Systems during the second quarter valued at approximately $33,000. Finally, SJS Investment Consulting Inc. raised its holdings in FactSet Research Systems by 300.0% during the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the transaction, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director James J. Mcgonigle sold 5,410 shares of FactSet Research Systems stock in a transaction dated 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 transaction, the director now owns 5,283 shares in the company, valued at approximately $2,413,432.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the transaction, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,362 shares of company stock valued at $11,323,675. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on FDS. Morgan Stanley increased their price target on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. UBS Group raised their target price on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Jefferies Financial Group dropped their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. 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 report on Friday, September 20th. Finally, Stifel Nicolaus lifted their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Four investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and an average target price of $446.67.

FactSet Research Systems Stock Up 0.3 %

NYSE FDS opened at $459.85 on Tuesday. The stock’s 50 day simple moving average is $425.01 and its 200 day simple moving average is $427.46. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64. The firm has a market cap of $17.49 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share 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 company had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same period in the previous year, the firm posted $2.93 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.16 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid 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 0.90%. FactSet Research Systems’s payout ratio is presently 31.37%.

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.