Principal Financial Group Inc. Has $22.44 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

Principal Financial Group Inc. increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,791 shares of the business services provider's stock after purchasing an additional 1,443 shares during the quarter. Principal Financial Group Inc. owned about 0.13% of FactSet Research Systems worth $22,437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in FactSet Research Systems in the third quarter valued at approximately $26,000. UMB Bank n.a. raised its holdings in FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider's stock worth $27,000 after purchasing an additional 39 shares during the period. Crewe Advisors LLC boosted its position in shares of FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock worth $28,000 after purchasing an additional 60 shares in the last quarter. Quest Partners LLC grew its holdings in shares of FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock valued at $28,000 after buying an additional 67 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in FactSet Research Systems during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS traded up $0.26 during trading on Thursday, reaching $491.61. 163,885 shares of the stock were exchanged, compared to its average volume of 265,667. The firm has a market cap of $18.68 billion, a PE ratio of 35.37, a PEG ratio of 3.15 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The stock has a 50-day moving average price of $479.25 and a 200-day moving average price of $445.26.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same quarter in the previous year, the firm posted $4.12 EPS. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Friday, November 29th. FactSet Research Systems's dividend payout ratio (DPR) is presently 29.82%.

Insider Buying and Selling

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the sale, the chief executive officer now owns 12,987 shares of the company's stock, valued at $5,910,253.83. The trade was a 18.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Redburn Atlantic cut shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and cut their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Evercore ISI began coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an "inline" rating and a $470.00 target price on the stock. Morgan Stanley increased their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a research report on Friday, September 20th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $453.46.

FactSet Research Systems Profile

FactSet Research Systems Inc, a financial data 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.