FactSet Research Systems Inc. (FDS) Position Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 288.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 497,418 shares of the business services provider’s stock after purchasing an additional 369,323 shares during the period. The Manufacturers Life Insurance Company owned approximately 1.27% of FactSet Research Systems worth $82,660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDS. BlackRock Inc. grew its holdings in FactSet Research Systems by 12,692.2% during the 1st quarter. BlackRock Inc. now owns 3,151,227 shares of the business services provider’s stock valued at $519,669,000 after purchasing an additional 3,126,593 shares in the last quarter. Fiduciary Management Inc. WI acquired a new stake in FactSet Research Systems during the 2nd quarter valued at $31,790,000. Junto Capital Management LP acquired a new stake in FactSet Research Systems during the 2nd quarter valued at $20,424,000. Vanguard Group Inc. grew its holdings in FactSet Research Systems by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 3,554,309 shares of the business services provider’s stock valued at $586,142,000 after purchasing an additional 103,458 shares in the last quarter. Finally, Fiera Capital Corp grew its holdings in FactSet Research Systems by 34.0% during the 2nd quarter. Fiera Capital Corp now owns 374,353 shares of the business services provider’s stock valued at $62,210,000 after purchasing an additional 95,062 shares in the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on FDS shares. BidaskClub lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $163.00 price target on shares of FactSet Research Systems in a report on Tuesday, July 25th. Northcoast Research raised shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price target for the company in a report on Thursday, September 21st. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $187.00 price target for the company in a report on Friday, September 22nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $200.00 price target (up from $190.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $170.64.

Shares of FactSet Research Systems Inc. (NYSE FDS) traded down 0.530% on Tuesday, reaching $177.495. 64,753 shares of the company’s stock traded hands. FactSet Research Systems Inc. has a 52 week low of $150.95 and a 52 week high of $184.20. The company’s 50-day moving average is $166.20 and its 200-day moving average is $164.37. The firm has a market capitalization of $6.96 billion, a P/E ratio of 20.697 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.01. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The business had revenue of $326.60 million for the quarter, compared to analyst estimates of $325.26 million. During the same quarter in the previous year, the firm posted $1.69 earnings per share. FactSet Research Systems’s revenue was up 13.7% compared to the same quarter last year. Equities research analysts anticipate that FactSet Research Systems Inc. will post $8.19 earnings per share for the current fiscal year.

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

ILLEGAL ACTIVITY NOTICE: “FactSet Research Systems Inc. (FDS) Position Raised by The Manufacturers Life Insurance Company” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/factset-research-systems-inc-fds-position-raised-by-the-manufacturers-life-insurance-company.html.

In related news, Chairman Philip A. Hadley sold 38,942 shares of the business’s 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 transaction, the chairman now owns 666,494 shares of the company’s stock, valued at $109,191,712.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew J. Mcnulty sold 1,049 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $181.00, for a total transaction of $189,869.00. Following the transaction, the vice president now directly owns 2,499 shares in the company, valued at approximately $452,319. The disclosure for this sale can be found here. Insiders have sold 100,625 shares of company stock worth $16,788,995 in the last

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDS. BlackRock Inc. grew its holdings in FactSet Research Systems by 12,692.2% during the 1st quarter. BlackRock Inc. now owns 3,151,227 shares of the business services provider’s stock valued at $519,669,000 after purchasing an additional 3,126,593 shares in the last quarter. Fiduciary Management Inc. WI acquired a new stake in FactSet Research Systems during the 2nd quarter valued at $31,790,000. Junto Capital Management LP acquired a new stake in FactSet Research Systems during the 2nd quarter valued at $20,424,000. Vanguard Group Inc. grew its holdings in FactSet Research Systems by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 3,554,309 shares of the business services provider’s stock valued at $586,142,000 after purchasing an additional 103,458 shares in the last quarter. Finally, Fiera Capital Corp grew its holdings in FactSet Research Systems by 34.0% during the 2nd quarter. Fiera Capital Corp now owns 374,353 shares of the business services provider’s stock valued at $62,210,000 after purchasing an additional 95,062 shares in the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on FDS shares. BidaskClub lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $163.00 price target on shares of FactSet Research Systems in a report on Tuesday, July 25th. Northcoast Research raised shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price target for the company in a report on Thursday, September 21st. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $187.00 price target for the company in a report on Friday, September 22nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $200.00 price target (up from $190.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $170.64.

Shares of FactSet Research Systems Inc. (NYSE FDS) traded down 0.530% on Tuesday, reaching $177.495. 64,753 shares of the company’s stock traded hands. FactSet Research Systems Inc. has a 52 week low of $150.95 and a 52 week high of $184.20. The company’s 50-day moving average is $166.20 and its 200-day moving average is $164.37. The firm has a market capitalization of $6.96 billion, a P/E ratio of 20.697 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.01. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The business had revenue of $326.60 million for the quarter, compared to analyst estimates of $325.26 million. During the same quarter in the previous year, the firm posted $1.69 earnings per share. FactSet Research Systems’s revenue was up 13.7% compared to the same quarter last year. Equities research analysts anticipate that FactSet Research Systems Inc. will post $8.19 earnings per share for the current fiscal year.

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

ILLEGAL ACTIVITY NOTICE: “FactSet Research Systems Inc. (FDS) Position Raised by The Manufacturers Life Insurance Company” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/factset-research-systems-inc-fds-position-raised-by-the-manufacturers-life-insurance-company.html.

In related news, Chairman Philip A. Hadley sold 38,942 shares of the business’s 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 transaction, the chairman now owns 666,494 shares of the company’s stock, valued at $109,191,712.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew J. Mcnulty sold 1,049 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $181.00, for a total transaction of $189,869.00. Following the transaction, the vice president now directly owns 2,499 shares in the company, valued at approximately $452,319. The disclosure for this sale can be found here. Insiders have sold 100,625 shares of company stock worth $16,788,995 in the last ninety days. 2.70% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS).

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

Receive News & Ratings for FactSet Research Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply