Empirical Finance LLC Purchases 54 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Empirical Finance LLC raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 971 shares of the business services provider’s stock after purchasing an additional 54 shares during the quarter. Empirical Finance LLC’s holdings in FactSet Research Systems were worth $441,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FDS. GAMMA Investing LLC raised its position in FactSet Research Systems by 40,436.2% in the first quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider’s stock valued at $195,536,000 after purchasing an additional 429,028 shares during the last quarter. Point72 Asset Management L.P. bought a new position in FactSet Research Systems in the fourth quarter valued at about $66,368,000. Vest Financial LLC bought a new position in FactSet Research Systems in the first quarter valued at about $52,445,000. Geode Capital Management LLC raised its position in FactSet Research Systems by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after purchasing an additional 94,668 shares during the last quarter. Finally, Meridiem Capital Partners LP bought a new position in FactSet Research Systems in the fourth quarter valued at about $41,241,000. 91.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FDS has been the subject of several recent research reports. UBS Group reissued a “neutral” rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Raymond James Financial raised FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 26th. Wells Fargo & Company increased their price target on FactSet Research Systems from $402.00 to $405.00 and gave the company an “underweight” rating in a research note on Friday, June 20th. Evercore ISI decreased their price target on FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating for the company in a research note on Monday, June 16th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $444.25.

FactSet Research Systems Trading Down 1.3%

NYSE FDS opened at $414.27 on Tuesday. The business has a 50 day simple moving average of $439.30 and a 200 day simple moving average of $443.86. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87. The stock has a market capitalization of $15.66 billion, a P/E ratio of 29.93, a P/E/G ratio of 2.74 and a beta of 0.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The business had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. During the same period in the prior year, the business earned $4.37 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were issued a $1.10 dividend. The ex-dividend date was Friday, May 30th. This represents a $4.40 annualized dividend and a yield of 1.06%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.04. FactSet Research Systems’s dividend payout ratio is presently 31.79%.

Insiders Place Their Bets

In other FactSet Research Systems news, Director James J. Mcgonigle sold 2,925 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the transaction, the director owned 4,461 shares in the company, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the transaction, the chief accounting officer owned 44 shares in the company, valued at approximately $19,474.40. The trade was a 98.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,031 shares of company stock worth $5,825,481. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Company 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.