FactSet Research Systems Inc. (FDS) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 7.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 500,148 shares of the business services provider’s stock after acquiring an additional 32,742 shares during the period. JPMorgan Chase & Co. owned 1.27% of FactSet Research Systems worth $83,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bridgewater Associates LP increased its holdings in shares of FactSet Research Systems by 1,214.4% during the 1st quarter. Bridgewater Associates LP now owns 18,401 shares of the business services provider’s stock worth $3,035,000 after buying an additional 17,001 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of FactSet Research Systems by 330.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 24,966 shares of the business services provider’s stock worth $4,117,000 after buying an additional 19,169 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of FactSet Research Systems by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 475,631 shares of the business services provider’s stock worth $79,040,000 after buying an additional 2,224 shares during the last quarter. Virginia Retirement Systems ET AL increased its holdings in shares of FactSet Research Systems by 54.8% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 86,200 shares of the business services provider’s stock worth $14,325,000 after buying an additional 30,500 shares during the last quarter. Finally, Airain ltd acquired a new stake in shares of FactSet Research Systems during the 2nd quarter worth $1,195,000. Institutional investors own 93.72% of the company’s stock.

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In other FactSet Research Systems news, Director Philip A. Hadley sold 43,842 shares of the stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $163.87, for a total value of $7,184,388.54. Following the completion of the sale, the director now owns 666,494 shares in the company, valued at $109,218,371.78. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Philip A. Hadley sold 38,942 shares of the stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $163.83, for a total transaction of $6,379,867.86. Following the completion of the sale, the chairman now 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 205,858 shares of company stock valued at $34,287,143 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

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 company’s 50-day moving average is $160.52 and its 200-day moving average is $164.91. The company has a market capitalization of $6.35 billion, a PE ratio of 18.87 and a beta of 0.97. FactSet Research Systems Inc. has a 1-year low of $150.95 and a 1-year high of $183.64.

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

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

A number of research firms have recently commented on FDS. Zacks Investment Research upgraded FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. BidaskClub downgraded FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $163.00 price target on shares of FactSet Research Systems in a report on Tuesday, July 25th. Finally, UBS AG reiterated a “buy” rating and issued a $146.00 price target (down from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. Four investment 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 presently has a consensus rating of “Hold” and an average price target of $162.67.

FactSet Research Systems 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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