First Mercantile Trust Co. Raises Holdings in FactSet Research Systems Inc. (FDS)

First Mercantile Trust Co. grew its position in FactSet Research Systems Inc. (NYSE:FDS) by 138.3% during the 1st quarter, Holdings Channel reports. The firm owned 336 shares of the business services provider’s stock after acquiring an additional 195 shares during the quarter. First Mercantile Trust Co.’s holdings in FactSet Research Systems were worth $83,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Federated Investors Inc. PA increased its stake in FactSet Research Systems by 4.9% in the third quarter. Federated Investors Inc. PA now owns 14,379 shares of the business services provider’s stock valued at $3,217,000 after purchasing an additional 669 shares during the last quarter. Tributary Capital Management LLC increased its stake in FactSet Research Systems by 25.4% in the fourth quarter. Tributary Capital Management LLC now owns 7,400 shares of the business services provider’s stock valued at $1,481,000 after purchasing an additional 1,500 shares during the last quarter. CWM LLC increased its stake in FactSet Research Systems by 88.4% in the fourth quarter. CWM LLC now owns 162 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 76 shares during the last quarter. Tandem Investment Advisors Inc. increased its stake in FactSet Research Systems by 14.3% in the fourth quarter. Tandem Investment Advisors Inc. now owns 76,046 shares of the business services provider’s stock valued at $15,219,000 after purchasing an additional 9,513 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in FactSet Research Systems by 3.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,580 shares of the business services provider’s stock valued at $516,000 after purchasing an additional 76 shares during the last quarter. 92.07% of the stock is currently owned by institutional investors.

In other news, EVP Robert J. Robie sold 10,459 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $241.34, for a total transaction of $2,524,175.06. Following the transaction, the executive vice president now directly owns 4,331 shares in the company, valued at $1,045,243.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 1,182 shares of FactSet Research Systems stock in a transaction on Friday, March 1st. The shares were sold at an average price of $236.63, for a total transaction of $279,696.66. Following the completion of the transaction, the chief executive officer now owns 4,870 shares in the company, valued at $1,152,388.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,010 shares of company stock worth $3,425,632. Insiders own 2.30% of the company’s stock.

Shares of FDS opened at $278.10 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.45 and a current ratio of 2.45. The company has a market cap of $10.77 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 2.84 and a beta of 1.14. FactSet Research Systems Inc. has a 12-month low of $188.31 and a 12-month high of $284.32.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, March 26th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. The business had revenue of $354.90 million for the quarter, compared to analyst estimates of $356.46 million. FactSet Research Systems had a net margin of 22.45% and a return on equity of 64.58%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $2.12 earnings per share. Analysts anticipate that FactSet Research Systems Inc. will post 9.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Friday, May 31st will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, May 30th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.64. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.04%. FactSet Research Systems’s dividend payout ratio (DPR) is 30.01%.

Several equities analysts have commented on FDS shares. Morgan Stanley increased their price target on shares of FactSet Research Systems from $200.00 to $211.00 and gave the company an “equal weight” rating in a research note on Monday, February 25th. DA Davidson increased their price target on shares of FactSet Research Systems to $214.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Piper Jaffray Companies increased their price target on shares of FactSet Research Systems from $211.00 to $262.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Barclays reiterated a “hold” rating and issued a $275.00 price target on shares of FactSet Research Systems in a research note on Monday, May 6th. Finally, Deutsche Bank increased their price target on shares of FactSet Research Systems from $217.00 to $245.00 and gave the company a “hold” rating in a research note on Wednesday, March 27th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $239.82.

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FactSet Research Systems Profile

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

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

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