Piedmont Investment Advisors Inc. Purchases 44 Shares of FactSet Research Systems Inc. (FDS)

Piedmont Investment Advisors Inc. boosted its position in FactSet Research Systems Inc. (NYSE:FDS) by 1.2% in the 1st quarter, Holdings Channel reports. The firm owned 3,759 shares of the business services provider’s stock after acquiring an additional 44 shares during the quarter. Piedmont Investment Advisors Inc.’s holdings in FactSet Research Systems were worth $933,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Penserra Capital Management LLC grew its holdings in shares of FactSet Research Systems by 265.9% during the 1st quarter. Penserra Capital Management LLC now owns 1,727 shares of the business services provider’s stock worth $476,000 after purchasing an additional 1,255 shares during the period. Cambria Investment Management L.P. grew its holdings in shares of FactSet Research Systems by 0.5% during the 1st quarter. Cambria Investment Management L.P. now owns 18,921 shares of the business services provider’s stock worth $4,698,000 after purchasing an additional 96 shares during the period. Commerce Bank grew its holdings in shares of FactSet Research Systems by 2.8% during the 1st quarter. Commerce Bank now owns 3,548 shares of the business services provider’s stock worth $881,000 after purchasing an additional 98 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of FactSet Research Systems by 3.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,465 shares of the business services provider’s stock worth $1,853,000 after purchasing an additional 230 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of FactSet Research Systems by 30.1% during the 1st quarter. New York State Common Retirement Fund now owns 152,836 shares of the business services provider’s stock worth $37,945,000 after purchasing an additional 35,336 shares during the period. 93.43% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Robert J. Robie sold 10,459 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $241.34, for a total transaction of $2,524,175.06. Following the completion of the transaction, the executive vice president now directly owns 4,331 shares in the company, valued at approximately $1,045,243.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 1,182 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $236.63, for a total value of $279,696.66. Following the transaction, the chief executive officer now owns 4,870 shares of the company’s stock, valued at $1,152,388.10. The disclosure for this sale can be found here. Insiders have sold a total of 14,010 shares of company stock valued at $3,425,632 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 21st. Cantor Fitzgerald increased their price target on FactSet Research Systems from $209.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Deutsche Bank increased their price target on FactSet Research Systems from $217.00 to $245.00 and gave the stock a “hold” rating in a report on Wednesday, March 27th. Barclays reiterated a “hold” rating and set a $275.00 price target on shares of FactSet Research Systems in a report on Monday, May 6th. Finally, Morgan Stanley increased their price target on FactSet Research Systems from $211.00 to $220.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $239.82.

Shares of FactSet Research Systems stock opened at $280.17 on Monday. FactSet Research Systems Inc. has a 12 month low of $188.31 and a 12 month high of $284.32. The stock has a market cap of $10.71 billion, a P/E ratio of 32.85, a PEG ratio of 2.83 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.45 and a quick ratio of 2.45.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 31st will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.03%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, May 30th. FactSet Research Systems’s dividend payout ratio (DPR) is 30.01%.

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FactSet Research Systems Company 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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