Eukles Asset Management Lowers Position in FactSet Research Systems Inc. (NYSE:FDS)
Eukles Asset Management lessened its position in FactSet Research Systems Inc. (NYSE:FDS) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,294 shares of the business services provider’s stock after selling 66 shares during the quarter. FactSet Research Systems makes up about 2.1% of Eukles Asset Management’s investment portfolio, making the stock its 12th largest holding. Eukles Asset Management’s holdings in FactSet Research Systems were worth $2,377,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of FDS. Geode Capital Management LLC increased its stake in shares of FactSet Research Systems by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 421,037 shares of the business services provider’s stock valued at $84,261,000 after acquiring an additional 16,651 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of FactSet Research Systems in the 1st quarter valued at about $705,000. Retirement Systems of Alabama increased its stake in shares of FactSet Research Systems by 3.0% in the 1st quarter. Retirement Systems of Alabama now owns 61,914 shares of the business services provider’s stock valued at $15,371,000 after acquiring an additional 1,793 shares during the last quarter. BTIM Corp. increased its stake in shares of FactSet Research Systems by 3.1% in the 1st quarter. BTIM Corp. now owns 88,307 shares of the business services provider’s stock valued at $21,924,000 after acquiring an additional 2,619 shares during the last quarter. Finally, Ronna Sue Cohen bought a new stake in shares of FactSet Research Systems in the 1st quarter valued at about $244,000. 94.34% of the stock is owned by institutional investors.
Shares of FDS traded up $2.85 during mid-day trading on Thursday, hitting $272.56. 5,465 shares of the company’s stock were exchanged, compared to its average volume of 334,141. The firm has a market capitalization of $10.48 billion, a P/E ratio of 31.88, a PEG ratio of 2.86 and a beta of 1.00. FactSet Research Systems Inc. has a 52 week low of $188.31 and a 52 week high of $305.38. The stock has a 50-day moving average of $284.20. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.87 and a current ratio of 2.87.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, August 29th. FactSet Research Systems’s payout ratio is presently 33.76%.
FDS has been the subject of a number of recent analyst reports. Morgan Stanley cut FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $264.00 to $263.00 in a research note on Tuesday, July 16th. DA Davidson upped their price target on FactSet Research Systems from $214.00 to $252.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. UBS Group increased their target price on FactSet Research Systems from $212.00 to $233.00 and gave the stock a “sell” rating in a research note on Wednesday, June 26th. Barclays reissued a “hold” rating and set a $275.00 target price on shares of FactSet Research Systems in a research note on Monday, May 6th. Finally, Credit Suisse Group reissued a “hold” rating on shares of FactSet Research Systems in a research note on Monday, July 8th. Three analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $251.69.
In other FactSet Research Systems news, CEO Frederick Philip Snow sold 1,186 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $278.41, for a total transaction of $330,194.26. Following the transaction, the chief executive officer now owns 4,980 shares in the company, valued at approximately $1,386,481.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip A. Hadley sold 42,600 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $291.48, for a total value of $12,417,048.00. Following the transaction, the director now owns 599,991 shares in the company, valued at approximately $174,885,376.68. The disclosure for this sale can be found here. In the last three months, insiders sold 74,314 shares of company stock valued at $21,474,848. 2.30% of the stock is currently owned by insiders.
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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