XTX Topco Ltd Invests $2.17 Million in FactSet Research Systems Inc. (NYSE:FDS)

XTX Topco Ltd purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,769 shares of the business services provider’s stock, valued at approximately $2,168,000.

A number of other hedge funds also recently bought and sold shares of FDS. Cary Street Partners Financial LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter worth approximately $29,000. American National Bank & Trust bought a new stake in FactSet Research Systems in the first quarter valued at $44,000. Golden State Wealth Management LLC increased its position 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 valued at $45,000 after purchasing an additional 88 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in 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 worth $54,000 after purchasing an additional 28 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of FactSet Research Systems in the 1st quarter worth about $60,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FDS shares. Raymond James Financial upgraded shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research report on Thursday, June 26th. Wells Fargo & Company upped their target price on FactSet Research Systems from $402.00 to $405.00 and gave the stock an “underweight” rating in a report on Friday, June 20th. BMO Capital Markets raised their target price on FactSet Research Systems from $448.00 to $452.00 and gave the company a “market perform” rating in a research note on Friday, June 20th. Evercore ISI dropped their price target 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, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, June 20th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $444.25.

Insider Buying and Selling at FactSet Research Systems

In related news, Director James J. Mcgonigle sold 2,925 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the completion of the sale, the director owned 4,461 shares of the company’s stock, valued at $2,013,650.79. This trade represents a 39.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the transaction, the chief accounting officer directly owned 44 shares in the company, valued at $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Stock Down 1.5%

FDS stock opened at $409.44 on Thursday. The business has a 50 day moving average of $437.10 and a 200 day moving average of $443.43. The firm has a market cap of $15.48 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 2.71 and a beta of 0.84. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing the consensus estimate of $4.30 by ($0.03). The company had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.37 earnings per share. On average, research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems 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.