Running Oak Capital LLC Grows Position in FactSet Research Systems Inc. (NYSE:FDS)

Running Oak Capital LLC raised its stake in FactSet Research Systems Inc. (NYSE:FDS) by 14.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,235 shares of the business services provider’s stock after buying an additional 2,494 shares during the quarter. FactSet Research Systems comprises about 1.9% of Running Oak Capital LLC’s portfolio, making the stock its 12th biggest holding. Running Oak Capital LLC’s holdings in FactSet Research Systems were worth $9,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in FactSet Research Systems by 71.4% in the third quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 35 shares during the last quarter. SG Americas Securities LLC lifted its holdings in FactSet Research Systems by 133.2% in the third quarter. SG Americas Securities LLC now owns 659 shares of the business services provider’s stock valued at $288,000 after acquiring an additional 2,646 shares during the period. Commonwealth Equity Services LLC lifted its holdings in FactSet Research Systems by 4.1% in the third quarter. Commonwealth Equity Services LLC now owns 16,215 shares of the business services provider’s stock valued at $7,090,000 after acquiring an additional 638 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of FactSet Research Systems by 27.3% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 10,713 shares of the business services provider’s stock worth $4,684,000 after buying an additional 2,300 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of FactSet Research Systems by 15.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,972 shares of the business services provider’s stock worth $1,299,000 after buying an additional 389 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 0.9 %

Shares of NYSE:FDS traded up $3.79 during midday trading on Thursday, hitting $423.36. The stock had a trading volume of 217,303 shares, compared to its average volume of 240,856. The business’s 50-day simple moving average is $448.37 and its 200-day simple moving average is $454.35. FactSet Research Systems Inc. has a 12 month low of $380.96 and a 12 month high of $488.64. The company has a market cap of $16.14 billion, a P/E ratio of 33.62, a PEG ratio of 2.64 and a beta of 0.73. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The company had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 15.82 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, May 31st. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s payout ratio is currently 31.04%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BMO Capital Markets upped their target price on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research report on Monday, March 25th. Wolfe Research began coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They set an “underperform” rating and a $430.00 target price on the stock. Oppenheimer reiterated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Barclays restated an “equal weight” rating and set a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, The Goldman Sachs Group lifted their price target on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $442.70.

Insider Transactions at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the sale, the chief accounting officer now owns 72 shares in the company, valued at $30,204. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total value of $1,245,780.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,363,082.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the transaction, the chief accounting officer now owns 72 shares of the company’s stock, valued at approximately $30,204. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,330 shares of company stock worth $2,740,515. Insiders own 1.00% of the company’s stock.

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.