Mather Group LLC. Grows Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Mather Group LLC. increased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 129.9% in the second quarter, Holdings Channel reports. The institutional investor owned 561 shares of the business services provider’s stock after acquiring an additional 317 shares during the quarter. Mather Group LLC.’s holdings in FactSet Research Systems were worth $229,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $30,000. Desjardins Global Asset Management Inc. increased its stake in FactSet Research Systems by 69.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 34 shares during the last quarter. Smithfield Trust Co raised its holdings in shares of FactSet Research Systems by 51.6% during the fourth quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock worth $44,000 after purchasing an additional 32 shares during the period. Federated Hermes Inc. bought a new position in shares of FactSet Research Systems in the 4th quarter worth about $70,000. Finally, CENTRAL TRUST Co boosted its holdings in shares of FactSet Research Systems by 23.0% in the 4th quarter. CENTRAL TRUST Co now owns 155 shares of the business services provider’s stock valued at $74,000 after buying an additional 29 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FDS has been the topic of several research reports. Jefferies Financial Group dropped 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 note on Wednesday, June 5th. Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Morgan Stanley boosted their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research report on Monday, June 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a research report on Monday, June 24th. Finally, Wolfe Research started coverage on shares of FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price target for the company. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $432.00.

FactSet Research Systems Stock Performance

Shares of NYSE FDS traded up $7.38 during midday trading on Wednesday, reaching $412.04. 58,054 shares of the company traded hands, compared to its average volume of 260,206. The company has a market cap of $15.67 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.44 and a beta of 0.75. The stock has a 50-day moving average price of $413.74 and a 200 day moving average price of $438.51. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $488.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. The company had revenue of $552.70 million for the quarter, compared to the consensus estimate of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. FactSet Research Systems’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.79 EPS. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 16.29 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, August 30th. FactSet Research Systems’s payout ratio is currently 31.37%.

Insider Activity

In other news, EVP Goran Skoko sold 6,215 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $436.40, for a total value of $2,712,226.00. Following the completion of the sale, the executive vice president now owns 5,262 shares in the company, valued at $2,296,336.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was 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 of the company’s stock, valued at $5,166,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Goran Skoko sold 6,215 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $436.40, for a total value of $2,712,226.00. Following the sale, the executive vice president now owns 5,262 shares of the company’s stock, valued at approximately $2,296,336.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,647 shares of company stock worth $7,829,442. 1.00% of the stock is owned by company insiders.

About FactSet Research Systems

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.