Stock Yards Bank & Trust Co. Increases Stock Position in FactSet Research Systems Inc. (NYSE:FDS)
Stock Yards Bank & Trust Co. lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,274 shares of the business services provider’s stock after purchasing an additional 60 shares during the period. Stock Yards Bank & Trust Co.’s holdings in FactSet Research Systems were worth $747,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in FDS. Archer Investment Corp purchased a new stake in shares of FactSet Research Systems in the 4th quarter worth approximately $33,000. Key Financial Inc purchased a new stake in shares of FactSet Research Systems in the 1st quarter worth approximately $38,000. Marshall Wace LLP purchased a new stake in shares of FactSet Research Systems in the 1st quarter worth approximately $85,000. PrairieView Partners LLC purchased a new stake in FactSet Research Systems during the first quarter valued at approximately $104,000. Finally, Squar Milner Financial Services LLC lifted its position in FactSet Research Systems by 13.4% during the first quarter. Squar Milner Financial Services LLC now owns 399 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 47 shares during the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Scott A. Billeadeau sold 2,404 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $326.16, for a total transaction of $784,088.64. Following the sale, the director now owns 3,029 shares in the company, valued at $987,938.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 1,769 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $272.11, for a total transaction of $481,362.59. Following the sale, the chief executive officer now owns 5,623 shares in the company, valued at approximately $1,530,074.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,545 shares of company stock worth $4,062,166. 2.30% of the stock is owned by company insiders.
Shares of NYSE:FDS traded up $9.43 during midday trading on Tuesday, reaching $351.57. The company’s stock had a trading volume of 198,446 shares, compared to its average volume of 340,213. The firm has a market capitalization of $13.33 billion, a PE ratio of 35.27, a P/E/G ratio of 3.92 and a beta of 0.79. FactSet Research Systems Inc. has a twelve month low of $195.22 and a twelve month high of $357.21. The stock has a fifty day moving average of $316.39 and a 200 day moving average of $284.27. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 1.07.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, June 25th. The business services provider reported $2.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.42. The company had revenue of $374.10 million for the quarter, compared to analyst estimates of $376.35 million. FactSet Research Systems had a net margin of 25.45% and a return on equity of 57.06%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $2.62 earnings per share. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 10.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 29th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 0.88%. The ex-dividend date was Thursday, May 28th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.72. FactSet Research Systems’s dividend payout ratio (DPR) is currently 30.80%.
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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