Schwab Charles Investment Management Inc. Buys 11,991 Shares of FactSet Research Systems Inc. (FDS)

Schwab Charles Investment Management Inc. increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 9.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 141,007 shares of the business services provider’s stock after buying an additional 11,991 shares during the period. Schwab Charles Investment Management Inc. owned 0.36% of FactSet Research Systems worth $23,254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. raised its stake in FactSet Research Systems by 17.4% in the first quarter. SRS Capital Advisors Inc. now owns 891 shares of the business services provider’s stock valued at $147,000 after buying an additional 132 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in FactSet Research Systems during the first quarter valued at approximately $199,000. Penobscot Investment Management Company Inc. raised its stake in FactSet Research Systems by 2.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 1,270 shares of the business services provider’s stock valued at $209,000 after buying an additional 33 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of FactSet Research Systems by 4.0% in the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock valued at $215,000 after buying an additional 50 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of FactSet Research Systems during the first quarter valued at approximately $238,000. Institutional investors and hedge funds own 94.41% of the company’s stock.

Shares of FactSet Research Systems Inc. (NYSE FDS) traded up 0.15% during mid-day trading on Friday, reaching $164.99. 273,524 shares of the company’s stock were exchanged. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 19.24 and a beta of 0.95. FactSet Research Systems Inc. has a 52-week low of $150.95 and a 52-week high of $183.64. The stock’s 50-day moving average is $165.59 and its 200-day moving average is $168.46.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, June 27th. The business services provider reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.01. The company had revenue of $312.12 million during the quarter, compared to the consensus estimate of $314.14 million. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. FactSet Research Systems’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. On average, equities analysts expect that FactSet Research Systems Inc. will post $7.30 EPS for the current year.

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FDS has been the subject of several research analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $163.00 price target on shares of FactSet Research Systems in a research report on Tuesday, April 25th. Zacks Investment Research lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. BidaskClub upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. UBS AG reiterated a “buy” rating and issued a $146.00 price objective (down previously from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. Finally, Deutsche Bank AG started coverage on shares of FactSet Research Systems in a research note on Wednesday, May 10th. They issued a “hold” rating and a $160.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $166.27.

In other FactSet Research Systems news, Chairman Philip A. Hadley sold 38,942 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $163.83, for a total value of $6,379,867.86. Following the completion of the sale, the chairman now owns 666,494 shares in the company, valued at $109,191,712.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott G. Miller sold 17,074 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $165.78, for a total value of $2,830,527.72. Following the completion of the sale, the executive vice president now owns 15,045 shares of the company’s stock, valued at approximately $2,494,160.10. The disclosure for this sale can be found here. Insiders sold a total of 206,858 shares of company stock valued at $34,453,143 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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