FactSet Research Systems Inc. (FDS) Stake Increased by Comerica Securities Inc.

Comerica Securities Inc. lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,653 shares of the business services provider’s stock after acquiring an additional 95 shares during the period. Comerica Securities Inc.’s holdings in FactSet Research Systems were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of FactSet Research Systems by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 3,554,309 shares of the business services provider’s stock worth $586,142,000 after acquiring an additional 103,458 shares during the period. BlackRock Inc. lifted its holdings in shares of FactSet Research Systems by 12,692.2% during the 1st quarter. BlackRock Inc. now owns 3,151,227 shares of the business services provider’s stock worth $519,669,000 after acquiring an additional 3,126,593 shares during the period. Wellington Management Group LLP lifted its holdings in shares of FactSet Research Systems by 2.0% during the 1st quarter. Wellington Management Group LLP now owns 1,282,438 shares of the business services provider’s stock worth $211,487,000 after acquiring an additional 25,295 shares during the period. State Street Corp lifted its holdings in shares of FactSet Research Systems by 1.9% during the 1st quarter. State Street Corp now owns 1,038,821 shares of the business services provider’s stock worth $171,308,000 after acquiring an additional 19,591 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of FactSet Research Systems by 3.8% during the 1st quarter. Bank of America Corp DE now owns 989,548 shares of the business services provider’s stock worth $163,186,000 after acquiring an additional 35,850 shares during the period. 93.72% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on FDS shares. Zacks Investment Research downgraded shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a report on Monday, June 5th. UBS AG reaffirmed a “buy” rating and set a $146.00 price target (down previously from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. BidaskClub downgraded shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $163.00 price target on shares of FactSet Research Systems in a report on Tuesday, July 25th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. FactSet Research Systems currently has an average rating of “Hold” and a consensus target price of $162.67.

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In other FactSet Research Systems news, EVP Scott G. Miller sold 17,074 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $165.78, for a total transaction of $2,830,527.72. Following the transaction, the executive vice president now owns 15,045 shares in the company, valued at approximately $2,494,160.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip A. Hadley sold 100,017 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $168.99, for a total transaction of $16,901,872.83. Following the sale, the director now directly owns 761,436 shares of the company’s stock, valued at approximately $128,675,069.64. The disclosure for this sale can be found here. Insiders have sold a total of 205,858 shares of company stock worth $34,287,143 in the last 90 days. Company insiders own 2.70% of the company’s stock.

FactSet Research Systems Inc. (NYSE:FDS) traded up 0.23% during trading on Friday, reaching $161.85. 353,913 shares of the company were exchanged. The firm’s 50-day moving average is $160.52 and its 200 day moving average is $164.91. FactSet Research Systems Inc. has a one year low of $150.95 and a one year high of $183.64. The company has a market capitalization of $6.35 billion, a P/E ratio of 18.87 and a beta of 0.97.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, August 29th. FactSet Research Systems’s dividend payout ratio is currently 26.20%.

FactSet Research Systems Profile

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.

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

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