XTX Topco Ltd Takes Position in FactSet Research Systems Inc. (NYSE:FDS)

XTX Topco Ltd bought a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,458 shares of the business services provider's stock, valued at approximately $2,637,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDS. SteelPeak Wealth LLC raised its position in shares of FactSet Research Systems by 134.1% in the second quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider's stock valued at $1,073,000 after purchasing an additional 1,506 shares during the period. Bell Asset Management Ltd acquired a new stake in FactSet Research Systems during the fourth quarter worth approximately $6,756,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in FactSet Research Systems by 3.1% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider's stock worth $20,321,000 after acquiring an additional 1,389 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of FactSet Research Systems by 214.5% during the first quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider's stock worth $2,454,000 after acquiring an additional 3,683 shares during the period. Finally, Illinois Municipal Retirement Fund grew its position in shares of FactSet Research Systems by 22.5% in the first quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider's stock valued at $7,223,000 after purchasing an additional 2,920 shares during the last quarter. Institutional investors own 91.24% of the company's stock.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock traded up $23.13 during trading on Thursday, reaching $469.94. 670,978 shares of the company's stock were exchanged, compared to its average volume of 267,540. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The company has a market cap of $17.88 billion, a P/E ratio of 35.37, a PEG ratio of 2.64 and a beta of 0.75. The firm's 50-day moving average price is $419.80 and its 200 day moving average price is $428.28.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $3.91 by $0.46. The firm had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The business's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.79 earnings per share. As a group, research analysts anticipate that FactSet Research Systems Inc. will post 16.28 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.37%.

Insider Activity

In related news, CTO Katherine M. Stepp sold 1,057 shares of the business's stock in a transaction on Monday, June 24th. The stock was sold at an average price of $428.42, for a total transaction of $452,839.94. Following the sale, the chief technology officer now owns 687 shares in the company, valued at approximately $294,324.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Katherine M. Stepp sold 1,057 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $428.42, for a total transaction of $452,839.94. Following the sale, the chief technology officer now directly owns 687 shares of the company's stock, valued at approximately $294,324.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,432 shares of company stock worth $5,166,986. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

FDS has been the subject of several recent research reports. Royal Bank of Canada restated a "sector perform" rating and issued a $464.00 price target on shares of FactSet Research Systems in a research note on Monday, June 24th. Bank of America downgraded shares of FactSet Research Systems from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Jefferies Financial Group dropped their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a "hold" rating for the company in a research note on Wednesday, June 5th. Morgan Stanley increased their target price on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an "underweight" rating in a research report on Monday, June 24th. Finally, Wells Fargo & Company upgraded shares of FactSet Research Systems to a "hold" rating in a research report on Tuesday, August 13th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, FactSet Research Systems currently has an average rating of "Hold" and a consensus target price of $432.27.

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.