Heron Bay Capital Management Grows Stake in FactSet Research Systems Inc. (NYSE:FDS)

Heron Bay Capital Management raised its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 22.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,258 shares of the business services provider's stock after purchasing an additional 7,533 shares during the quarter. FactSet Research Systems makes up approximately 3.6% of Heron Bay Capital Management's portfolio, making the stock its 8th largest holding. Heron Bay Capital Management owned 0.11% of FactSet Research Systems worth $16,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDS. UMB Bank n.a. grew its position in shares of 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 valued at $27,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC increased 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 valued at $28,000 after buying an additional 60 shares during the period. Quest Partners LLC lifted its holdings in shares of FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock worth $28,000 after buying an additional 67 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of FactSet Research Systems in the second quarter valued at approximately $33,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of FactSet Research Systems by 300.0% in the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider's stock valued at $36,000 after acquiring an additional 66 shares during the period. Institutional investors own 91.24% of the company's stock.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm's stock in a transaction on Monday, July 1st. The shares were 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 owns 12,915 shares of the company's stock, valued at approximately $5,281,976.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CTO Katherine M. Stepp sold 1,057 shares of the firm's stock in a transaction on Monday, June 24th. The stock was sold at an average price of $428.42, for a total value of $452,839.94. Following the completion of the sale, the chief technology officer now owns 687 shares of the company's stock, valued at $294,324.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the business's stock in a transaction on Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,281,976.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,432 shares of company stock worth $5,166,986. Insiders own 1.00% of the company's stock.

FactSet Research Systems Trading Down 0.8 %

Shares of FDS traded down $3.57 during mid-day trading on Friday, reaching $465.91. The company's stock had a trading volume of 583,059 shares, compared to its average volume of 269,273. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $488.64. The company's fifty day moving average price is $421.66 and its two-hundred day moving average price is $428.33. The stock has a market cap of $17.72 billion, a PE ratio of 35.14, a P/E/G ratio of 2.64 and a beta of 0.75.

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 (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.12. The business 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 company's revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.93 earnings per share. On average, analysts predict that FactSet Research Systems Inc. will post 16.28 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a research note on Friday. UBS Group lifted their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the company a "neutral" rating in a research note on Friday. Stifel Nicolaus upped their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a research note on Friday. Bank of America downgraded FactSet Research Systems from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. Finally, Jefferies Financial Group cut their price objective on FactSet Research Systems from $455.00 to $378.00 and set a "hold" rating for the company in a report on Wednesday, June 5th. Four equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems has an average rating of "Hold" and an average price target of $446.67.

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.