Verition Fund Management LLC Has $3.40 Million Position in FactSet Research Systems Inc. (FDS)

Verition Fund Management LLC raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 503.8% in the 1st quarter, Holdings Channel reports. The firm owned 17,028 shares of the business services provider’s stock after purchasing an additional 14,208 shares during the quarter. Verition Fund Management LLC’s holdings in FactSet Research Systems were worth $3,396,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FDS. Bank of Montreal Can raised its position in FactSet Research Systems by 78.0% during the 4th quarter. Bank of Montreal Can now owns 6,739 shares of the business services provider’s stock worth $1,299,000 after purchasing an additional 2,954 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in FactSet Research Systems by 39.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,216 shares of the business services provider’s stock worth $427,000 after purchasing an additional 626 shares during the last quarter. Victory Capital Management Inc. raised its position in FactSet Research Systems by 11.6% during the 4th quarter. Victory Capital Management Inc. now owns 16,837 shares of the business services provider’s stock worth $3,246,000 after purchasing an additional 1,746 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in FactSet Research Systems by 6.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,406 shares of the business services provider’s stock worth $1,042,000 after purchasing an additional 346 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in FactSet Research Systems by 4.7% during the 4th quarter. California Public Employees Retirement System now owns 86,637 shares of the business services provider’s stock worth $16,700,000 after purchasing an additional 3,876 shares during the last quarter. 91.65% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Maurizio Nicolelli sold 5,675 shares of the firm’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $198.00, for a total value of $1,123,650.00. Following the completion of the sale, the chief financial officer now directly owns 9,129 shares in the company, valued at approximately $1,807,542. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Scott A. Billeadeau sold 1,500 shares of the firm’s stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $197.55, for a total value of $296,325.00. Following the completion of the sale, the director now owns 500 shares of the company’s stock, valued at $98,775. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.

A number of brokerages have weighed in on FDS. Zacks Investment Research downgraded FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Stifel Nicolaus increased their price target on FactSet Research Systems from $169.00 to $184.00 and gave the stock a “hold” rating in a report on Wednesday, March 28th. Piper Jaffray Companies reiterated a “hold” rating and set a $197.00 price target on shares of FactSet Research Systems in a report on Wednesday, March 28th. UBS Group increased their price target on FactSet Research Systems from $179.00 to $184.00 and gave the stock a “sell” rating in a report on Wednesday, March 28th. Finally, Bank of America increased their price target on FactSet Research Systems from $210.00 to $214.00 and gave the stock a “neutral” rating in a report on Wednesday, April 18th. Three research analysts have rated the stock with a sell rating, ten have issued 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 $195.23.

Shares of FDS opened at $212.72 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a market capitalization of $8.18 billion, a PE ratio of 29.10, a PEG ratio of 2.19 and a beta of 0.97. FactSet Research Systems Inc. has a one year low of $155.09 and a one year high of $217.36.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, March 27th. The business services provider reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.06. The company had revenue of $335.20 million during the quarter, compared to the consensus estimate of $333.78 million. FactSet Research Systems had a return on equity of 54.00% and a net margin of 19.07%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $1.81 EPS. sell-side analysts forecast that FactSet Research Systems Inc. will post 8.48 earnings per share for the current fiscal year.

FactSet Research Systems announced that its Board of Directors has approved a stock buyback plan on Tuesday, March 27th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the business services provider to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 19th. Stockholders of record on Thursday, May 31st will be paid a $0.64 dividend. The ex-dividend date is Wednesday, May 30th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.56. This represents a $2.56 annualized dividend and a dividend yield of 1.20%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 35.02%.

FactSet Research Systems Profile

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.

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

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