Virtu Financial LLC Makes New $829,000 Investment in FactSet Research Systems Inc. (NYSE:FDS)

Virtu Financial LLC bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,032 shares of the business services provider's stock, valued at approximately $829,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. increased 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 in the last quarter. Crewe Advisors LLC grew its position in shares of FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock worth $28,000 after buying an additional 60 shares during the period. Quest Partners LLC increased its stake 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 acquiring an additional 67 shares in the last quarter. Gladius Capital Management LP acquired a new position in shares of FactSet Research Systems during the 2nd quarter valued at $33,000. Finally, SJS Investment Consulting Inc. boosted its stake in FactSet Research Systems by 300.0% during the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider's stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FDS shares. Wells Fargo & Company upped their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a report on Friday. Royal Bank of Canada upped their price target on FactSet Research Systems from $464.00 to $503.00 and gave the stock a "sector perform" rating in a research note on Friday. Stifel Nicolaus raised their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a research note on Friday. Jefferies Financial Group lowered their target price on FactSet Research Systems from $455.00 to $378.00 and set a "hold" rating on the stock in a research report on Wednesday, June 5th. Finally, BMO Capital Markets lifted their price target on shares of FactSet Research Systems from $440.00 to $471.00 and gave the company a "market perform" rating in a research report on Friday. Four research analysts have rated the stock with a sell rating and ten have given a hold rating to the company's stock. According to data from MarketBeat.com, FactSet Research Systems currently has an average rating of "Hold" and an average price target of $446.67.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business's stock in a transaction on Monday, July 1st. The stock was sold at an average price of $408.98, for a total value of $1,226,940.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,281,976.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CTO Katherine M. Stepp sold 1,057 shares of the company's 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 in the company, valued at approximately $294,324.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company's stock, valued at $5,281,976.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,432 shares of company stock valued at $5,166,986. Company insiders own 1.00% of the company's stock.

FactSet Research Systems Stock Performance

NYSE:FDS traded down $3.11 during trading on Friday, reaching $466.37. The company's stock had a trading volume of 583,059 shares, compared to its average volume of 269,273. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $488.64. The firm has a market cap of $17.74 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. The firm has a 50 day moving average of $420.81 and a 200-day moving average of $428.57. 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 (NYSE:FDS - Get Free Report) last posted its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.12. The company had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.93 earnings per share. Research analysts expect that FactSet Research Systems Inc. will post 16.28 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 0.89%. FactSet Research Systems's payout ratio is 31.37%.

FactSet Research Systems Company 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.