Dakota Wealth Management Purchases 185 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Dakota Wealth Management grew its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,838 shares of the business services provider’s stock after buying an additional 185 shares during the period. Dakota Wealth Management’s holdings in FactSet Research Systems were worth $750,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Criterion Capital Advisors LLC acquired a new stake in FactSet Research Systems during the 4th quarter valued at $30,000. Gladius Capital Management LP acquired a new stake in shares of FactSet Research Systems during the 2nd quarter worth about $33,000. SJS Investment Consulting Inc. boosted its holdings in shares of FactSet Research Systems by 300.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock worth $36,000 after buying an additional 66 shares during the period. Smithfield Trust Co grew its stake in FactSet Research Systems by 51.6% in the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after buying an additional 32 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in FactSet Research Systems by 69.5% during the second quarter. Blue Trust Inc. now owns 139 shares of the business services provider’s stock worth $57,000 after acquiring an additional 57 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Price Performance

NYSE:FDS traded down $2.48 during midday trading on Tuesday, hitting $410.56. The company had a trading volume of 44,855 shares, compared to its average volume of 256,536. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $15.62 billion, a PE ratio of 31.15, a P/E/G ratio of 2.44 and a beta of 0.75. The stock’s fifty day moving average price is $413.66 and its 200-day moving average price is $434.14. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $488.64.

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

FactSet Research Systems Dividend Announcement

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 issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, Director Robin Ann Abrams sold 2,375 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the transaction, the director now owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other FactSet Research Systems news, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the transaction, the director now directly owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Katherine M. Stepp sold 1,057 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $428.42, for a total transaction of $452,839.94. Following the completion of the sale, the chief technology officer now directly owns 687 shares of the company’s stock, valued at $294,324.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,432 shares of company stock worth $5,117,216. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FDS has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research report on Monday, June 24th. Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $500.00 to $407.00 in a report on Thursday, May 30th. Wells Fargo & Company raised shares of FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th. Jefferies Financial Group dropped their price objective on 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research report on Monday, June 24th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $432.27.

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.