BB&T Corp Acquires 292 Shares of FactSet Research Systems Inc. (FDS)

BB&T Corp increased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,982 shares of the business services provider’s stock after purchasing an additional 292 shares during the period. BB&T Corp owned approximately 0.08% of FactSet Research Systems worth $6,483,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. BTIM Corp. acquired a new position in FactSet Research Systems during the 2nd quarter worth $15,260,000. BlackRock Inc. lifted its position in FactSet Research Systems by 1.9% during the 2nd quarter. BlackRock Inc. now owns 3,389,051 shares of the business services provider’s stock worth $671,373,000 after acquiring an additional 62,132 shares during the last quarter. Millennium Management LLC lifted its position in FactSet Research Systems by 2,670.0% during the 2nd quarter. Millennium Management LLC now owns 61,162 shares of the business services provider’s stock worth $12,116,000 after acquiring an additional 58,954 shares during the last quarter. Schroder Investment Management Group lifted its position in FactSet Research Systems by 32.8% during the 2nd quarter. Schroder Investment Management Group now owns 214,490 shares of the business services provider’s stock worth $42,358,000 after acquiring an additional 52,955 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in FactSet Research Systems by 30.6% during the 2nd quarter. Renaissance Technologies LLC now owns 217,500 shares of the business services provider’s stock worth $43,087,000 after acquiring an additional 51,000 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

In related news, SVP Matthew J. Mcnulty sold 1,684 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $225.00, for a total value of $378,900.00. Following the completion of the transaction, the senior vice president now owns 3,727 shares of the company’s stock, valued at $838,575. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert J. Robie sold 1,174 shares of the stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $224.78, for a total transaction of $263,891.72. Following the completion of the transaction, the executive vice president now directly owns 2,862 shares of the company’s stock, valued at approximately $643,320.36. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

Shares of FDS opened at $219.68 on Friday. The stock has a market cap of $8.34 billion, a PE ratio of 25.73, a P/E/G ratio of 2.19 and a beta of 0.98. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.95 and a quick ratio of 2.17. FactSet Research Systems Inc. has a 52 week low of $182.85 and a 52 week high of $237.29.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, September 25th. The business services provider reported $2.20 EPS for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.01). The company had revenue of $345.90 million for the quarter, compared to analyst estimates of $346.39 million. FactSet Research Systems had a net margin of 19.78% and a return on equity of 58.62%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.90 EPS. Equities analysts predict that FactSet Research Systems Inc. will post 9.52 EPS for the current year.

A number of research analysts have weighed in on the stock. ValuEngine raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Cantor Fitzgerald boosted their target price on shares of FactSet Research Systems from $203.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 26th. Wells Fargo & Co boosted their target price on shares of FactSet Research Systems from $185.00 to $190.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 27th. Finally, Stifel Nicolaus boosted their target price on shares of FactSet Research Systems from $184.00 to $188.00 and gave the stock a “hold” rating in a research report on Wednesday, June 27th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $211.83.

About FactSet Research Systems

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

Read More: Return on Investment (ROI)

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

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