HM Payson & Co. Grows Stake in FactSet Research Systems Inc. (NYSE:FDS)

HM Payson & Co. lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,118 shares of the business services provider’s stock after acquiring an additional 70 shares during the period. HM Payson & Co.’s holdings in FactSet Research Systems were worth $508,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Signaturefd LLC lifted its stake in FactSet Research Systems by 6.5% in the fourth quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock worth $179,000 after purchasing an additional 23 shares during the last quarter. Mission Wealth Management LP lifted its stake in FactSet Research Systems by 0.7% in the first quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider’s stock worth $1,536,000 after purchasing an additional 24 shares during the last quarter. Global Retirement Partners LLC lifted its stake in FactSet Research Systems by 19.1% in the first quarter. Global Retirement Partners LLC now owns 168 shares of the business services provider’s stock worth $76,000 after purchasing an additional 27 shares during the last quarter. Procyon Advisors LLC lifted its stake in FactSet Research Systems by 0.4% in the first quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock worth $2,948,000 after purchasing an additional 27 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in FactSet Research Systems by 23.0% in the fourth quarter. CENTRAL TRUST Co now owns 155 shares of the business services provider’s stock worth $74,000 after purchasing an additional 29 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Morgan Stanley boosted their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research note on Monday, June 24th. Bank of America cut shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research report on Monday, June 24th. Jefferies Financial Group decreased their price objective on shares of 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, Wolfe Research initiated coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $432.00.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,166,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,166,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Goran Skoko sold 6,215 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the completion of the transaction, the executive vice president now owns 5,262 shares in the company, valued at approximately $2,296,336.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,983 shares of company stock worth $9,700,339. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Trading Up 1.4 %

Shares of NYSE FDS traded up $5.85 during midday trading on Friday, hitting $414.56. 207,710 shares of the company traded hands, compared to its average volume of 244,399. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $488.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. The stock has a 50-day moving average price of $414.87 and a 200 day moving average price of $439.47. The firm has a market cap of $15.77 billion, a P/E ratio of 31.26, a P/E/G ratio of 2.44 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. The business had revenue of $552.70 million for the quarter, compared to analysts’ expectations of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.79 earnings per share. As a group, analysts expect that FactSet Research Systems Inc. will post 16.29 earnings per share for the current year.

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.