Keybank National Association OH Has $381,000 Stake in FactSet Research Systems Inc. (FDS)

Keybank National Association OH lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,292 shares of the business services provider’s stock after selling 81 shares during the quarter. Keybank National Association OH’s holdings in FactSet Research Systems were worth $381,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its position in shares of FactSet Research Systems by 17.4% during the 1st quarter. SRS Capital Advisors Inc. now owns 891 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 132 shares during the last quarter. Harfst & Associates Inc. bought a new position in shares of FactSet Research Systems during the 1st quarter valued at approximately $199,000. Suntrust Banks Inc. increased its position in shares of FactSet Research Systems by 4.0% during the 1st quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 50 shares during the last quarter. Penobscot Investment Management Company Inc. increased its position in shares of FactSet Research Systems by 9.4% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 1,390 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 120 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of FactSet Research Systems during the 1st quarter valued at approximately $238,000. 93.72% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on FDS. Stifel Nicolaus reissued a “hold” rating and set a $163.00 target price on shares of FactSet Research Systems in a research report on Tuesday, July 25th. Zacks Investment Research raised FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BidaskClub downgraded FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, UBS AG reissued a “buy” rating and set a $146.00 target price (down previously from $150.00) on shares of FactSet Research Systems in a research report on Friday, June 9th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $164.90.

In other FactSet Research Systems news, Chairman Philip A. Hadley sold 38,942 shares of FactSet Research Systems stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $163.83, for a total value of $6,379,867.86. Following the sale, the chairman now owns 666,494 shares in the company, valued at $109,191,712.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip A. Hadley sold 100,017 shares of FactSet Research Systems stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $168.99, for a total value of $16,901,872.83. Following the completion of the sale, the director now owns 761,436 shares in the company, valued at approximately $128,675,069.64. The disclosure for this sale can be found here. Insiders sold 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.

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FactSet Research Systems Inc. (FDS) opened at 161.07 on Wednesday. The firm has a 50-day moving average price of $161.04 and a 200 day moving average price of $165.27. FactSet Research Systems Inc. has a 12 month low of $150.95 and a 12 month high of $183.64. The company has a market cap of $6.32 billion, a P/E ratio of 18.78 and a beta of 0.97.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st will be given a $0.56 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.24 dividend on an annualized basis and a yield of 1.39%. FactSet Research Systems’s dividend payout ratio is currently 26.20%.

FactSet Research Systems Company 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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