FactSet Research Systems Inc. (NYSE:FDS) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,450 shares of the business services provider’s stock after purchasing an additional 112 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FactSet Research Systems were worth $7,479,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FDS. Cary Street Partners Financial LLC acquired a new position in shares of FactSet Research Systems during the fourth quarter worth about $29,000. American National Bank & Trust purchased a new position in FactSet Research Systems in the first quarter worth approximately $44,000. Golden State Wealth Management LLC grew its holdings in FactSet Research Systems by 800.0% during the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider’s stock worth $45,000 after acquiring an additional 88 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of FactSet Research Systems by 31.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 28 shares during the last quarter. Finally, CX Institutional acquired a new stake in shares of FactSet Research Systems in the 1st quarter valued at $60,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling

In other news, EVP Christopher R. Ellis sold 7,606 shares of the company’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total value of $3,398,665.04. Following the completion of the sale, the executive vice president directly owned 23,952 shares of the company’s stock, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a 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 dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the sale, the chief accounting officer owned 44 shares of the company’s stock, valued at $19,474.40. This trade represents a 98.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,031 shares of company stock worth $5,825,481 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

FDS has been the subject of a number of analyst reports. Raymond James Financial upgraded shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. BMO Capital Markets upped their price objective on FactSet Research Systems from $448.00 to $452.00 and gave the stock a “market perform” rating in a research report on Friday, June 20th. Evercore ISI cut their target price on FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating on the stock in a research report on Monday, June 16th. Finally, UBS Group restated a “neutral” rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $444.25.

FactSet Research Systems Stock Down 1.5%

FactSet Research Systems stock opened at $409.44 on Thursday. The company has a market capitalization of $15.48 billion, a P/E ratio of 29.58, a PEG ratio of 2.71 and a beta of 0.84. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The stock has a 50-day simple moving average of $437.10 and a 200-day simple moving average of $443.43.

FactSet Research Systems (NYSE:FDS) last released its quarterly 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). The firm had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $4.37 EPS. Equities research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

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.