Atria Investments Inc Cuts Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Atria Investments Inc cut its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 8.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,721 shares of the business services provider's stock after selling 1,508 shares during the quarter. Atria Investments Inc's holdings in FactSet Research Systems were worth $7,229,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of FactSet Research Systems by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider's stock worth $2,077,267,000 after purchasing an additional 11,974 shares in the last quarter. Ninety One UK Ltd grew its stake in FactSet Research Systems by 0.9% in the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider's stock valued at $496,645,000 after purchasing an additional 10,928 shares in the last quarter. Boston Trust Walden Corp grew its stake in FactSet Research Systems by 9.3% in the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider's stock valued at $136,267,000 after purchasing an additional 25,294 shares in the last quarter. PineStone Asset Management Inc. boosted its stake in shares of FactSet Research Systems by 0.4% during the 3rd quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider's stock worth $126,000,000 after acquiring an additional 1,030 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of FactSet Research Systems by 3.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider's stock worth $120,178,000 after acquiring an additional 9,925 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Up 0.5 %

Shares of NYSE FDS traded up $2.50 during mid-day trading on Tuesday, hitting $484.35. The company had a trading volume of 357,980 shares, compared to its average volume of 261,810. The company has a market capitalization of $18.40 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 3.16 and a beta of 0.75. The firm has a 50-day simple moving average of $456.67 and a two-hundred day simple moving average of $431.86. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.12. The company had revenue of $562.20 million during the quarter, compared to analysts' expectations of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. FactSet Research Systems's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.93 EPS. On average, equities analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $1.04 per share. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.86%. FactSet Research Systems's dividend payout ratio (DPR) is presently 29.93%.

Insider Activity

In other news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares in the company, valued at approximately $143,819. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the transaction, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Costigan sold 1,622 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now owns 299 shares of the company's stock, valued at $143,819. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,984 shares of company stock worth $12,230,877. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Royal Bank of Canada boosted their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the stock a "sector perform" rating in a research report on Friday, September 20th. Stifel Nicolaus increased their price target on FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. UBS Group increased their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. BMO Capital Markets increased their price target on FactSet Research Systems from $440.00 to $471.00 and gave the company a "market perform" rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company increased their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a research note on Friday, September 20th. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $443.57.

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.