Victory Capital Management Inc. Reduces Position in FactSet (FDS)
Victory Capital Management Inc. lessened its position in shares of FactSet (NYSE:FDS) by 11.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,952 shares of the business services provider’s stock after selling 1,885 shares during the quarter. Victory Capital Management Inc.’s holdings in FactSet were worth $2,982,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in FDS. Investec Asset Management LTD grew its stake in FactSet by 73.2% during the 4th quarter. Investec Asset Management LTD now owns 1,091,761 shares of the business services provider’s stock worth $210,448,000 after buying an additional 461,518 shares during the last quarter. Renaissance Technologies LLC grew its stake in FactSet by 171.4% during the 4th quarter. Renaissance Technologies LLC now owns 154,850 shares of the business services provider’s stock worth $29,849,000 after buying an additional 97,800 shares during the last quarter. BlackRock Inc. grew its stake in FactSet by 2.9% during the 4th quarter. BlackRock Inc. now owns 3,251,657 shares of the business services provider’s stock worth $626,790,000 after buying an additional 91,419 shares during the last quarter. Prana Capital Management LP purchased a new position in FactSet during the 4th quarter worth approximately $10,826,000. Finally, Mawer Investment Management Ltd. purchased a new position in FactSet during the 4th quarter worth approximately $7,954,000. Hedge funds and other institutional investors own 91.42% of the company’s stock.
FactSet opened at $201.60 on Friday, Marketbeat.com reports. FactSet has a twelve month low of $155.09 and a twelve month high of $217.36. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.94. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 2.11 and a beta of 0.96.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Thursday, May 31st will be issued a $0.64 dividend. This is a boost from FactSet’s previous quarterly dividend of $0.56. This represents a $2.56 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, May 30th. FactSet’s dividend payout ratio (DPR) is currently 30.64%.
FactSet announced that its board has approved a stock repurchase plan on Tuesday, March 27th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the business services provider to repurchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of research analysts recently issued reports on FDS shares. Morgan Stanley raised their price target on FactSet from $179.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded FactSet from a “hold” rating to a “buy” rating and set a $233.00 price target on the stock in a research note on Tuesday, March 6th. DA Davidson raised their price target on FactSet to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, March 15th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $197.00 price objective on shares of FactSet in a research report on Wednesday, March 28th. Finally, Cantor Fitzgerald increased their price objective on FactSet from $187.00 to $203.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 28th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. FactSet presently has a consensus rating of “Hold” and an average price target of $196.15.
In other news, CFO Maurizio Nicolelli sold 5,675 shares of the firm’s stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $198.00, for a total value 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 approximately $1,807,542. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott A. Billeadeau sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $197.55, for a total value of $296,325.00. Following the completion of 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 company insiders.
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.
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