FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV lowered its stake in FactSet Research Systems Inc. (NYSE:FDS) by 18.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,056 shares of the business services provider’s stock after selling 1,133 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in FactSet Research Systems were worth $2,064,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Crewe Advisors LLC boosted its holdings in FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the last quarter. UMB Bank n.a. boosted its holdings in FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares during the last quarter. Tobam boosted its holdings in FactSet Research Systems by 67.9% in the second quarter. Tobam now owns 329 shares of the business services provider’s stock valued at $134,000 after purchasing an additional 133 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in FactSet Research Systems by 12.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,938 shares of the business services provider’s stock valued at $6,099,000 after purchasing an additional 1,675 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in FactSet Research Systems by 2.4% in the second quarter. Arkadios Wealth Advisors now owns 2,173 shares of the business services provider’s stock valued at $887,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 1.5 %

Shares of NYSE FDS opened at $422.84 on Friday. The company has a market cap of $16.08 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 2.44 and a beta of 0.75. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $488.64. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $414.57 and its 200 day simple moving average is $430.70.

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

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 30th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s dividend payout ratio is currently 31.37%.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total value of $1,238,250.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,330,666.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total value of $999,186.25. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $412.75, for a total value of $1,238,250.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,330,666.25. The disclosure for this sale can be found here. Insiders have sold a total of 12,432 shares of company stock worth $5,117,216 in the last three months. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a report on Monday, June 24th. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $500.00 to $407.00 in a report on Thursday, May 30th. Wells Fargo & Company raised FactSet Research Systems to a “hold” rating in a report on Tuesday, August 13th. Morgan Stanley increased their target price on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a report on Monday, June 24th. Finally, Jefferies Financial Group reduced their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $432.27.

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.