Airain ltd Invests $1.20 Million in FactSet Research Systems Inc. (NYSE:FDS) Stock

Airain ltd acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,189 shares of the business services provider’s stock, valued at approximately $1,195,000.

Several other hedge funds also recently bought and sold shares of FDS. Eads & Heald Investment Counsel raised its position in shares of FactSet Research Systems by 0.9% during the 2nd quarter. Eads & Heald Investment Counsel now owns 2,358 shares of the business services provider’s stock worth $392,000 after purchasing an additional 20 shares during the last quarter. FineMark National Bank & Trust grew its stake in FactSet Research Systems by 1.0% in the 2nd quarter. FineMark National Bank & Trust now owns 2,183 shares of the business services provider’s stock worth $363,000 after acquiring an additional 22 shares during the period. World Asset Management Inc grew its stake in FactSet Research Systems by 1.3% in the 2nd quarter. World Asset Management Inc now owns 2,847 shares of the business services provider’s stock worth $473,000 after acquiring an additional 36 shares during the period. Intrust Bank NA grew its stake in FactSet Research Systems by 2.1% in the 1st quarter. Intrust Bank NA now owns 1,930 shares of the business services provider’s stock worth $318,000 after acquiring an additional 40 shares during the period. Finally, NewFocus Financial Group LLC grew its stake in FactSet Research Systems by 0.3% in the 2nd quarter. NewFocus Financial Group LLC now owns 13,120 shares of the business services provider’s stock worth $2,180,000 after acquiring an additional 41 shares during the period. Institutional investors own 93.72% of the company’s stock.

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Several analysts have commented on FDS shares. UBS AG reaffirmed a “buy” rating and issued a $146.00 target price (down from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. BidaskClub raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research raised shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $163.00 price objective on shares of FactSet Research Systems in a research note on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $162.67.

In other news, EVP Scott G. Miller sold 17,074 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $165.78, for a total transaction of $2,830,527.72. Following the completion of the sale, the executive vice president now owns 15,045 shares of the company’s stock, valued at approximately $2,494,160.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Philip A. Hadley sold 38,942 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $163.83, for a total transaction of $6,379,867.86. Following the sale, the chairman now directly owns 666,494 shares of the company’s stock, valued at approximately $109,191,712.02. The disclosure for this sale can be found here. Insiders have sold a total of 205,858 shares of company stock valued at $34,287,143 in the last three months. Insiders own 2.70% of the company’s stock.

Shares of FactSet Research Systems Inc. (FDS) traded up 0.23% during trading on Friday, reaching $161.85. 353,913 shares of the company’s stock were exchanged. The firm has a market capitalization of $6.35 billion, a P/E ratio of 18.87 and a beta of 0.97. FactSet Research Systems Inc. has a 52-week low of $150.95 and a 52-week high of $183.64. The company has a 50 day moving average of $160.52 and a 200 day moving average of $164.91.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, June 27th. The business services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The business had revenue of $312.12 million during the quarter, compared to the consensus estimate of $314.14 million. FactSet Research Systems had a net margin of 29.02% and a return on equity of 55.72%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 EPS. Equities analysts anticipate that FactSet Research Systems Inc. will post $7.30 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, August 29th. FactSet Research Systems’s dividend payout ratio is presently 26.20%.

FactSet Research Systems Company Profile

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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