Brandywine Global Investment Management LLC Buys 3,173 Shares of FactSet Research Systems Inc. (FDS)

Brandywine Global Investment Management LLC lifted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 79.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,181 shares of the business services provider’s stock after purchasing an additional 3,173 shares during the period. Brandywine Global Investment Management LLC’s holdings in FactSet Research Systems were worth $1,194,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Harfst & Associates Inc. purchased a new position in FactSet Research Systems in the first quarter valued at $199,000. Penobscot Investment Management Company Inc. boosted its holdings in FactSet Research Systems by 9.4% in the second quarter. Penobscot Investment Management Company Inc. now owns 1,390 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 120 shares during the period. Farr Miller & Washington LLC DC purchased a new position in FactSet Research Systems in the second quarter valued at $250,000. Penserra Capital Management LLC boosted its holdings in FactSet Research Systems by 29.8% in the second quarter. Penserra Capital Management LLC now owns 1,552 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 356 shares during the period. Finally, OppenheimerFunds Inc. boosted its holdings in FactSet Research Systems by 11.5% in the first quarter. OppenheimerFunds Inc. now owns 1,593 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 164 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at 178.44 on Tuesday. FactSet Research Systems Inc. has a one year low of $150.95 and a one year high of $184.20. The firm’s 50-day moving average price is $166.20 and its 200-day moving average price is $164.37. The stock has a market capitalization of $7.00 billion, a P/E ratio of 20.81 and a beta of 0.98.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.01. The company had revenue of $326.60 million during the quarter, compared to the consensus estimate of $325.26 million. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm earned $1.69 earnings per share. Equities research analysts anticipate that FactSet Research Systems Inc. will post $8.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.56 per share. The ex-dividend date was Tuesday, August 29th. This represents a $2.24 annualized dividend and a dividend yield of 1.26%. FactSet Research Systems’s dividend payout ratio is presently 34.36%.

In other news, Director Philip A. Hadley sold 43,842 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $163.87, for a total transaction of $7,184,388.54. Following the completion of the sale, the director now directly owns 666,494 shares in the company, valued at $109,218,371.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Matthew J. Mcnulty sold 1,049 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.00, for a total value of $189,869.00. Following the sale, the vice president now owns 2,499 shares of the company’s stock, valued at $452,319. The disclosure for this sale can be found here. Insiders have sold 100,625 shares of company stock valued at $16,788,995 over the last 90 days. Insiders own 2.70% of the company’s stock.

WARNING: “Brandywine Global Investment Management LLC Buys 3,173 Shares of FactSet Research Systems Inc. (FDS)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/brandywine-global-investment-management-llc-buys-3173-shares-of-factset-research-systems-inc-fds.html.

A number of research analysts recently issued reports on FDS shares. BidaskClub upgraded FactSet Research Systems from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $163.00 target price on shares of FactSet Research Systems in a report on Tuesday, July 25th. Zacks Investment Research upgraded FactSet Research Systems from a “hold” rating to a “buy” rating and set a $187.00 target price for the company in a report on Friday, September 22nd. Barclays PLC lifted their target price on FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a report on Wednesday, September 27th. Finally, Bank of America Corporation reiterated a “neutral” rating and issued a $192.

Other large investors also recently added to or reduced their stakes in the company. Harfst & Associates Inc. purchased a new position in FactSet Research Systems in the first quarter valued at $199,000. Penobscot Investment Management Company Inc. boosted its holdings in FactSet Research Systems by 9.4% in the second quarter. Penobscot Investment Management Company Inc. now owns 1,390 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 120 shares during the period. Farr Miller & Washington LLC DC purchased a new position in FactSet Research Systems in the second quarter valued at $250,000. Penserra Capital Management LLC boosted its holdings in FactSet Research Systems by 29.8% in the second quarter. Penserra Capital Management LLC now owns 1,552 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 356 shares during the period. Finally, OppenheimerFunds Inc. boosted its holdings in FactSet Research Systems by 11.5% in the first quarter. OppenheimerFunds Inc. now owns 1,593 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 164 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at 178.44 on Tuesday. FactSet Research Systems Inc. has a one year low of $150.95 and a one year high of $184.20. The firm’s 50-day moving average price is $166.20 and its 200-day moving average price is $164.37. The stock has a market capitalization of $7.00 billion, a P/E ratio of 20.81 and a beta of 0.98.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.01. The company had revenue of $326.60 million during the quarter, compared to the consensus estimate of $325.26 million. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm earned $1.69 earnings per share. Equities research analysts anticipate that FactSet Research Systems Inc. will post $8.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.56 per share. The ex-dividend date was Tuesday, August 29th. This represents a $2.24 annualized dividend and a dividend yield of 1.26%. FactSet Research Systems’s dividend payout ratio is presently 34.36%.

In other news, Director Philip A. Hadley sold 43,842 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $163.87, for a total transaction of $7,184,388.54. Following the completion of the sale, the director now directly owns 666,494 shares in the company, valued at $109,218,371.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Matthew J. Mcnulty sold 1,049 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.00, for a total value of $189,869.00. Following the sale, the vice president now owns 2,499 shares of the company’s stock, valued at $452,319. The disclosure for this sale can be found here. Insiders have sold 100,625 shares of company stock valued at $16,788,995 over the last 90 days. Insiders own 2.70% of the company’s stock.

WARNING: “Brandywine Global Investment Management LLC Buys 3,173 Shares of FactSet Research Systems Inc. (FDS)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/brandywine-global-investment-management-llc-buys-3173-shares-of-factset-research-systems-inc-fds.html.

A number of research analysts recently issued reports on FDS shares. BidaskClub upgraded FactSet Research Systems from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $163.00 target price on shares of FactSet Research Systems in a report on Tuesday, July 25th. Zacks Investment Research upgraded FactSet Research Systems from a “hold” rating to a “buy” rating and set a $187.00 target price for the company in a report on Friday, September 22nd. Barclays PLC lifted their target price on FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a report on Wednesday, September 27th. Finally, Bank of America Corporation reiterated a “neutral” rating and issued a $192.00 target price (up from $180.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. FactSet Research Systems presently has an average rating of “Hold” and a consensus target price of $170.64.

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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