Benjamin Edwards Inc. purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,529 shares of the business services provider's stock, valued at approximately $704,000.
A number of other institutional investors have also made changes to their positions in the stock. Raymond James Trust N.A. raised its holdings in FactSet Research Systems by 2.3% in the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider's stock worth $436,000 after purchasing an additional 21 shares during the period. Andina Capital Management LLC lifted its holdings in FactSet Research Systems by 3.8% during the third quarter. Andina Capital Management LLC now owns 715 shares of the business services provider's stock worth $329,000 after acquiring an additional 26 shares in the last quarter. Argent Trust Co grew its stake in FactSet Research Systems by 2.1% in the second quarter. Argent Trust Co now owns 1,312 shares of the business services provider's stock valued at $536,000 after acquiring an additional 27 shares during the period. Legacy Financial Advisors Inc. increased its holdings in shares of FactSet Research Systems by 4.0% in the second quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider's stock worth $341,000 after acquiring an additional 32 shares in the last quarter. Finally, HBK Sorce Advisory LLC lifted its holdings in shares of FactSet Research Systems by 4.8% during the 2nd quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider's stock valued at $300,000 after purchasing an additional 34 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at FactSet Research Systems
In related news, Director James J. Mcgonigle sold 5,410 shares of the business's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the completion of the sale, the director now directly owns 5,283 shares in the company, valued at $2,413,432.89. The trade was a 50.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the sale, the insider now directly owns 299 shares of the company's stock, valued at $143,819. This represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,984 shares of company stock worth $10,981,107 over the last ninety days. Insiders own 1.10% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Redburn Atlantic downgraded shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Royal Bank of Canada reiterated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday, November 15th. UBS Group upped their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. Evercore ISI assumed coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an "inline" rating and a $470.00 price target for the company. Finally, BMO Capital Markets increased their target price on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a "market perform" rating in a report on Friday, November 15th. Five analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $450.00.
View Our Latest Stock Analysis on FactSet Research Systems
FactSet Research Systems Stock Performance
NYSE:FDS traded up $1.60 during mid-day trading on Friday, hitting $479.97. The stock had a trading volume of 203,362 shares, compared to its average volume of 244,874. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $18.23 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 3.10 and a beta of 0.76. The company's 50 day simple moving average is $471.63 and its 200 day simple moving average is $438.64.
FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same quarter in the prior year, the company earned $2.93 earnings per share. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share 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 issued a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.87%. FactSet Research Systems's dividend payout ratio is currently 29.93%.
FactSet Research Systems Profile
(
Free Report)
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.
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