Susquehanna Portfolio Strategies LLC Decreases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Susquehanna Portfolio Strategies LLC reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 50.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,311 shares of the business services provider's stock after selling 6,541 shares during the period. Susquehanna Portfolio Strategies LLC's holdings in FactSet Research Systems were worth $2,577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in FactSet Research Systems by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider's stock worth $2,077,267,000 after acquiring an additional 11,974 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of FactSet Research Systems by 0.9% in the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider's stock worth $496,645,000 after purchasing an additional 10,928 shares during the last quarter. PineStone Asset Management Inc. grew its stake in shares of FactSet Research Systems by 53.3% in the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider's stock worth $111,447,000 after purchasing an additional 94,952 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in FactSet Research Systems by 3.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider's stock valued at $120,178,000 after purchasing an additional 9,925 shares during the period. Finally, Tandem Investment Advisors Inc. raised its position in FactSet Research Systems by 1.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider's stock worth $102,079,000 after purchasing an additional 3,485 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Stock Up 0.6 %

FDS stock traded up $2.82 during trading on Friday, reaching $458.49. 194,631 shares of the stock were exchanged, compared to its average volume of 269,343. The firm's 50 day moving average is $424.39 and its 200 day moving average is $428.34. The firm has a market cap of $17.44 billion, a P/E ratio of 34.58, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $488.64.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.62 by $0.12. The company had revenue of $562.20 million for the quarter, compared to analysts' expectations of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. FactSet Research Systems's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $2.93 EPS. As a group, research analysts forecast that FactSet Research Systems Inc. will post 17.16 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were issued a $1.04 dividend. The ex-dividend date was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. FactSet Research Systems's dividend payout ratio is presently 31.37%.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 12,915 shares of the company's stock, valued at approximately $5,281,976.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Frederick Philip Snow sold 3,000 shares of the business's stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James J. Mcgonigle sold 5,410 shares of the company's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the sale, the director now directly owns 5,283 shares of the company's stock, valued at $2,413,432.89. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,362 shares of company stock valued at $12,550,615. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group upped their price target on FactSet Research Systems from $455.00 to $485.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Wells Fargo & Company upped their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a report on Friday, September 20th. Royal Bank of Canada raised their price target on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a "sector perform" rating in a report on Friday, September 20th. Stifel Nicolaus upped their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Finally, BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a "market perform" rating in a research report on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $446.67.

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.