Stratos Wealth Partners LTD. Increases Position in FactSet Research Systems Inc. (NYSE:FDS)

Stratos Wealth Partners LTD. increased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,759 shares of the business services provider’s stock after buying an additional 189 shares during the period. Stratos Wealth Partners LTD.’s holdings in FactSet Research Systems were worth $458,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Dock Street Asset Management Inc. raised its position in FactSet Research Systems by 3.2% in the second quarter. Dock Street Asset Management Inc. now owns 37,752 shares of the business services provider’s stock worth $6,274,000 after buying an additional 1,163 shares in the last quarter. Texas Permanent School Fund increased its stake in shares of FactSet Research Systems by 0.6% in the second quarter. Texas Permanent School Fund now owns 28,809 shares of the business services provider’s stock valued at $4,787,000 after buying an additional 163 shares during the last quarter. World Asset Management Inc increased its stake in shares of FactSet Research Systems by 1.3% in the second quarter. World Asset Management Inc now owns 2,847 shares of the business services provider’s stock valued at $473,000 after buying an additional 36 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of FactSet Research Systems by 1.1% in the second quarter. Great West Life Assurance Co. Can now owns 23,671 shares of the business services provider’s stock valued at $3,932,000 after buying an additional 269 shares during the last quarter. Finally, American Capital Management Inc. increased its stake in shares of FactSet Research Systems by 3.1% in the second quarter. American Capital Management Inc. now owns 279,124 shares of the business services provider’s stock valued at $46,385,000 after buying an additional 8,265 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

FactSet Research Systems Inc. (NYSE FDS) traded down 1.29% on Friday, reaching $159.02. 259,208 shares of the company’s stock were exchanged. FactSet Research Systems Inc. has a 12 month low of $150.95 and a 12 month high of $183.64. The firm has a 50 day moving average of $163.44 and a 200 day moving average of $167.54. The stock has a market capitalization of $6.24 billion, a PE ratio of 18.54 and a beta of 0.95.

FactSet Research Systems (NYSE:FDS) last announced its quarterly 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 firm had revenue of $312.12 million for the quarter, compared to analyst estimates of $314.14 million. During the same period last year, the firm posted $1.64 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts predict that FactSet Research Systems Inc. will post $7.30 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Tuesday, August 29th. FactSet Research Systems’s payout ratio is 26.20%.

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FDS has been the topic of a number of research analyst reports. Deutsche Bank AG began coverage on shares of FactSet Research Systems in a report on Wednesday, May 10th. They issued a “hold” rating and a $160.00 price target on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $163.00 price objective on shares of FactSet Research Systems in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BidaskClub lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, UBS AG reaffirmed a “buy” rating and set a $146.00 price target (down previously from $150.00) on shares of FactSet Research Systems in a research report on Friday, June 9th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. FactSet Research Systems presently has a consensus rating of “Hold” and an average target price of $166.27.

In other news, Director Joseph E. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $166.00, for a total transaction of $166,000.00. Following the completion of the transaction, the director now directly owns 9,000 shares in the company, valued at $1,494,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Philip A. Hadley sold 38,942 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now owns 666,494 shares of the company’s stock, valued at $109,191,712.02. The disclosure for this sale can be found here. Insiders have sold 206,858 shares of company stock worth $34,453,143 over the last three months. Insiders own 2.70% of the company’s stock.

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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