Mackenzie Financial Corp Grows Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Mackenzie Financial Corp lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 24.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,865 shares of the business services provider's stock after acquiring an additional 1,368 shares during the quarter. Mackenzie Financial Corp's holdings in FactSet Research Systems were worth $2,803,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Millennium Management LLC grew its stake in FactSet Research Systems by 2,873.9% in the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider's stock valued at $48,822,000 after purchasing an additional 115,561 shares during the period. MBB Public Markets I LLC bought a new position in FactSet Research Systems during the second quarter valued at about $1,143,000. Dundas Partners LLP grew its position in FactSet Research Systems by 0.9% during the second quarter. Dundas Partners LLP now owns 74,556 shares of the business services provider's stock valued at $30,439,000 after buying an additional 692 shares during the period. APG Asset Management N.V. increased its holdings in FactSet Research Systems by 458.7% during the second quarter. APG Asset Management N.V. now owns 9,135 shares of the business services provider's stock worth $3,480,000 after buying an additional 7,500 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in FactSet Research Systems by 68.8% in the second quarter. AQR Capital Management LLC now owns 14,994 shares of the business services provider's stock worth $6,122,000 after acquiring an additional 6,111 shares during the period. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Price Performance

NYSE:FDS traded up $2.08 during mid-day trading on Thursday, hitting $459.09. 164,363 shares of the stock traded hands, compared to its average volume of 267,485. The business's 50-day moving average price is $426.86 and its 200 day moving average price is $427.52. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a market cap of $17.46 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $488.64.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 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 $562.20 million for the quarter, compared to analysts' expectations of $547.06 million. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The business's quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts expect that FactSet Research Systems Inc. will post 17.16 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

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

Insider Activity

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the transaction, the executive vice president now owns 23,515 shares of the company's stock, valued at approximately $10,726,367.25. The transaction was disclosed in a filing with the SEC, which is available through this link. In other FactSet Research Systems news, Director James J. Mcgonigle sold 5,410 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the completion of the sale, the director now owns 5,283 shares of the company's stock, valued at $2,413,432.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the transaction, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,362 shares of company stock worth $12,688,945. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in 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 company an "equal weight" rating in a research report on Friday, September 20th. Evercore ISI initiated coverage on FactSet Research Systems in a report on Wednesday. They set an "inline" rating and a $470.00 price objective for the company. Stifel Nicolaus boosted their target price on FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Jefferies Financial Group dropped their price target 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, Royal Bank of Canada lifted their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the stock a "sector perform" rating in a report on Friday, September 20th. Four analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $448.46.

About FactSet Research Systems

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.