FactSet Research Systems Inc. (FDS) Stake Lessened by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,915 shares of the business services provider’s stock after selling 1,638 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of FactSet Research Systems worth $4,568,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in shares of FactSet Research Systems by 25.3% during the first quarter. Hsbc Holdings PLC now owns 19,548 shares of the business services provider’s stock valued at $3,905,000 after purchasing an additional 3,949 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of FactSet Research Systems by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 175,996 shares of the business services provider’s stock valued at $35,096,000 after purchasing an additional 5,560 shares during the period. Fisher Asset Management LLC purchased a new stake in shares of FactSet Research Systems during the first quarter valued at $395,000. Great West Life Assurance Co. Can boosted its stake in shares of FactSet Research Systems by 9.7% during the first quarter. Great West Life Assurance Co. Can now owns 25,769 shares of the business services provider’s stock valued at $5,139,000 after purchasing an additional 2,279 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of FactSet Research Systems by 2.2% during the first quarter. Municipal Employees Retirement System of Michigan now owns 12,120 shares of the business services provider’s stock valued at $2,417,000 after purchasing an additional 260 shares during the period. 91.18% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. ValuEngine lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Co boosted their target price on shares of FactSet Research Systems from $185.00 to $190.00 and gave the company a “market perform” rating in a research note on Wednesday. Zacks Investment Research lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus boosted their target price on shares of FactSet Research Systems from $184.00 to $188.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $203.00 target price on shares of FactSet Research Systems in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $197.00.

In other FactSet Research Systems news, CFO Maurizio Nicolelli sold 5,675 shares of the stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $198.00, for a total transaction of $1,123,650.00. Following the completion of the sale, the chief financial officer now directly owns 9,129 shares of the company’s stock, valued at $1,807,542. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott A. Billeadeau sold 1,500 shares of the stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $197.55, for a total transaction of $296,325.00. Following the sale, the director now directly owns 500 shares of the company’s stock, valued at $98,775. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

NYSE:FDS opened at $197.48 on Friday. FactSet Research Systems Inc. has a 1-year low of $155.09 and a 1-year high of $217.36. The stock has a market capitalization of $7.81 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. The company has a quick ratio of 2.53, a current ratio of 2.17 and a debt-to-equity ratio of 1.07.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, June 26th. The business services provider reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.05. FactSet Research Systems had a net margin of 19.37% and a return on equity of 55.91%. The company had revenue of $339.90 million during the quarter, compared to analyst estimates of $339.65 million. During the same period in the prior year, the firm earned $1.85 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. analysts predict that FactSet Research Systems Inc. will post 8.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 19th. Investors of record on Thursday, May 31st were paid a $0.64 dividend. The ex-dividend date of this dividend was Wednesday, May 30th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.56. This represents a $2.56 dividend on an annualized basis and a yield of 1.30%. FactSet Research Systems’s dividend payout ratio is 35.02%.

FactSet Research Systems announced that its board has approved a stock buyback plan on Tuesday, March 27th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the business services provider to purchase up to 3.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

About FactSet Research Systems

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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

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