AQR Capital Management LLC Increases Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

AQR Capital Management LLC boosted its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 68.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,994 shares of the business services provider's stock after acquiring an additional 6,111 shares during the period. AQR Capital Management LLC's holdings in FactSet Research Systems were worth $6,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider's stock valued at $27,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC increased its stake in FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock valued at $28,000 after purchasing an additional 60 shares in the last quarter. Quest Partners LLC raised 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 during the last quarter. Gladius Capital Management LP acquired a new stake in shares of FactSet Research Systems during the second quarter worth $33,000. Finally, SJS Investment Consulting Inc. lifted its stake in shares of 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 buying an additional 66 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FDS has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on FactSet Research Systems from $350.00 to $355.00 and gave the stock an "underweight" rating in a research note on Monday, June 24th. Wells Fargo & Company raised their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a research note on Friday, September 20th. Royal Bank of Canada lifted their target price 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. BMO Capital Markets increased their price target on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a "market perform" rating in a report on Friday, September 20th. Finally, Stifel Nicolaus raised their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $448.46.

FactSet Research Systems Stock Performance

FDS stock traded down $2.09 during midday trading on Friday, hitting $457.00. 178,940 shares of the stock traded hands, compared to its average volume of 267,024. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79. The stock's fifty day simple moving average is $428.64 and its 200-day simple moving average is $427.60. The firm has a market cap of $17.38 billion, a P/E ratio of 34.46, a PEG ratio of 3.11 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly 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 the consensus estimate 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 revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.93 earnings per share. On average, analysts expect that FactSet Research Systems Inc. will post 17.16 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were paid a dividend of $1.04 per share. 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 currently 31.37%.

Insider Transactions at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total value of $1,365,270.00. Following the transaction, the chief executive officer now directly owns 12,987 shares of the company's stock, valued at approximately $5,910,253.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the completion of the transaction, the chief executive officer now directly owns 12,987 shares in the company, valued at approximately $5,910,253.83. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,362 shares of company stock valued at $12,688,945 over the last 90 days. Corporate insiders own 1.00% of the company's stock.

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.