Mutual of America Capital Management LLC Grows Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Mutual of America Capital Management LLC lifted its holdings in FactSet Research Systems Inc. (NYSE:FDSGet Rating) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,166 shares of the business services provider’s stock after buying an additional 123 shares during the quarter. Mutual of America Capital Management LLC’s holdings in FactSet Research Systems were worth $1,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of FactSet Research Systems by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 4,298,111 shares of the business services provider’s stock worth $1,866,025,000 after buying an additional 52,604 shares during the period. BlackRock Inc. grew its position in FactSet Research Systems by 2.5% during the 1st quarter. BlackRock Inc. now owns 3,694,956 shares of the business services provider’s stock valued at $1,604,165,000 after purchasing an additional 89,401 shares during the last quarter. State Street Corp grew its position in FactSet Research Systems by 1.7% during the 1st quarter. State Street Corp now owns 1,988,080 shares of the business services provider’s stock valued at $863,125,000 after purchasing an additional 32,550 shares during the last quarter. Ninety One UK Ltd grew its position in FactSet Research Systems by 5.9% during the 1st quarter. Ninety One UK Ltd now owns 1,168,264 shares of the business services provider’s stock valued at $507,202,000 after purchasing an additional 64,569 shares during the last quarter. Finally, Echo Street Capital Management LLC grew its position in FactSet Research Systems by 26.4% during the 1st quarter. Echo Street Capital Management LLC now owns 397,999 shares of the business services provider’s stock valued at $172,791,000 after purchasing an additional 83,031 shares during the last quarter. 90.38% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Price Performance

Shares of NYSE:FDS opened at $453.74 on Thursday. The firm’s 50 day moving average price is $418.89 and its 200-day moving average price is $408.07. FactSet Research Systems Inc. has a twelve month low of $345.92 and a twelve month high of $495.39. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $17.29 billion, a PE ratio of 44.27, a price-to-earnings-growth ratio of 3.02 and a beta of 0.78.

FactSet Research Systems (NYSE:FDSGet Rating) last issued its quarterly earnings data on Thursday, September 22nd. The business services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.12). FactSet Research Systems had a return on equity of 42.27% and a net margin of 21.53%. The business had revenue of $499.30 million during the quarter, compared to the consensus estimate of $487.95 million. During the same quarter last year, the company earned $2.88 EPS. FactSet Research Systems’s revenue for the quarter was up 21.2% on a year-over-year basis. Equities research analysts expect that FactSet Research Systems Inc. will post 14.77 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Tuesday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 34.73%.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 2,500 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $401.21, for a total value of $1,003,025.00. Following the transaction, the chief executive officer now owns 4,057 shares in the company, valued at approximately $1,627,708.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other FactSet Research Systems news, EVP Robert J. Robie sold 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $424.50, for a total transaction of $1,188,600.00. Following the sale, the executive vice president now owns 598 shares in the company, valued at approximately $253,851. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $401.21, for a total transaction of $1,003,025.00. Following the sale, the chief executive officer now owns 4,057 shares in the company, valued at approximately $1,627,708.97. The disclosure for this sale can be found here. Insiders have sold 7,800 shares of company stock worth $3,261,475 in the last quarter. Company insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley cut their price objective on shares of FactSet Research Systems from $338.00 to $335.00 and set an “underweight” rating on the stock in a research report on Friday, September 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of FactSet Research Systems from $507.00 to $483.00 and set a “buy” rating on the stock in a research note on Friday, September 23rd. Royal Bank of Canada upped their target price on shares of FactSet Research Systems from $475.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th. Finally, StockNews.com began coverage on shares of FactSet Research Systems in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $418.38.

About FactSet Research Systems

(Get Rating)

FactSet Research Systems Inc, a financial data and analytics company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.

See Also

Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDSGet Rating).

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

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.