BB&T Corp Raises Stake in FactSet Research Systems Inc. (FDS)

BB&T Corp boosted its position in FactSet Research Systems Inc. (NYSE:FDS) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,304 shares of the business services provider’s stock after buying an additional 946 shares during the period. BB&T Corp owned about 0.08% of FactSet Research Systems worth $5,202,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its position in shares of FactSet Research Systems by 3.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 149,622 shares of the business services provider’s stock worth $24,453,000 after buying an additional 4,943 shares during the period. Teachers Advisors LLC increased its position in shares of FactSet Research Systems by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 39,366 shares of the business services provider’s stock worth $6,434,000 after buying an additional 1,654 shares during the period. Bath Savings Trust Co increased its position in shares of FactSet Research Systems by 1.8% in the first quarter. Bath Savings Trust Co now owns 52,738 shares of the business services provider’s stock worth $8,697,000 after buying an additional 944 shares during the period. Cornerstone Investment Partners LLC purchased a new position in shares of FactSet Research Systems during the first quarter worth approximately $1,026,000. Finally, Creative Planning increased its position in shares of FactSet Research Systems by 5.7% in the first quarter. Creative Planning now owns 1,880 shares of the business services provider’s stock worth $310,000 after buying an additional 102 shares during the period. 94.97% of the stock is currently owned by institutional investors.

Shares of FactSet Research Systems Inc. (NYSE FDS) traded down 1.29% on Friday, hitting $159.02. 259,208 shares of the company were exchanged. FactSet Research Systems Inc. has a 52-week low of $150.95 and a 52-week high of $183.64. The company has a 50-day moving average price of $163.44 and a 200 day moving average price of $167.54. The firm has a market cap of $6.24 billion, a P/E ratio of 18.54 and a beta of 0.95.

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

The company also recently disclosed 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. This represents a $2.24 annualized dividend and a yield of 1.41%. The ex-dividend date is Tuesday, August 29th. FactSet Research Systems’s dividend payout ratio (DPR) is 26.20%.

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FDS has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $163.00 target price on shares of FactSet Research Systems in a research note on Tuesday, April 25th. Deutsche Bank AG assumed coverage on shares of FactSet Research Systems in a research report on Wednesday, May 10th. They set a “hold” rating and a $160.00 price target for the company. Zacks Investment Research cut shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Monday, June 5th. UBS AG reiterated a “buy” rating and set a $146.00 price target (down from $150.00) on shares of FactSet Research Systems in a research report on Friday, June 9th. Finally, BidaskClub cut shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. FactSet Research Systems presently has an average rating of “Hold” and a consensus price target of $166.27.

In other FactSet Research Systems news, Director Joseph E. Laird, Jr. sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $166.00, for a total value of $166,000.00. Following the completion of the sale, the director now owns 9,000 shares of the company’s stock, valued at $1,494,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott G. Miller sold 17,074 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $165.78, for a total transaction of $2,830,527.72. Following the sale, the executive vice president now directly owns 15,045 shares of the company’s stock, valued at approximately $2,494,160.10. The disclosure for this sale can be found here. Insiders sold 206,858 shares of company stock valued at $34,453,143 in the last ninety days. 2.70% of the stock is owned by corporate insiders.

About FactSet Research Systems

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.

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

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