BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 5,893 Shares of FactSet Research Systems Inc. (NYSE:FDS)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 16.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,439 shares of the business services provider's stock after selling 5,893 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.08% of FactSet Research Systems worth $13,997,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Gabelli Funds LLC boosted its position in shares of FactSet Research Systems by 16.7% in the first quarter. Gabelli Funds LLC now owns 700 shares of the business services provider's stock valued at $318,000 after acquiring an additional 100 shares during the period. Kennedy Capital Management LLC lifted its position in FactSet Research Systems by 10.8% in the first quarter. Kennedy Capital Management LLC now owns 26,856 shares of the business services provider's stock worth $12,203,000 after purchasing an additional 2,622 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in FactSet Research Systems by 53.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 744 shares of the business services provider's stock worth $325,000 after purchasing an additional 258 shares during the period. Tidal Investments LLC lifted its position in FactSet Research Systems by 225.1% in the first quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider's stock worth $1,065,000 after purchasing an additional 1,623 shares during the period. Finally, Hancock Whitney Corp lifted its position in FactSet Research Systems by 3.0% in the first quarter. Hancock Whitney Corp now owns 28,646 shares of the business services provider's stock worth $13,016,000 after purchasing an additional 828 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Stock Performance

NYSE FDS traded up $1.85 on Friday, reaching $487.62. The stock had a trading volume of 148,640 shares, compared to its average volume of 259,090. The company has a market cap of $18.52 billion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a fifty day moving average of $466.05 and a two-hundred day moving average of $435.60.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.12. The company had revenue of $562.20 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.93 EPS. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, November 29th. FactSet Research Systems's dividend payout ratio (DPR) is presently 29.93%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company raised their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a research report on Friday, September 20th. UBS Group raised their target price 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. BMO Capital Markets increased their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the stock a "market perform" rating in a research note on Friday, November 15th. Evercore ISI assumed coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They set an "inline" rating and a $470.00 price objective for the company. Finally, Stifel Nicolaus increased their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of "Hold" and a consensus target price of $450.00.

Insider Activity at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 13,952 shares of the firm's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the sale, the executive vice president now directly owns 23,515 shares of the company's stock, valued at $10,726,367.25. This trade represents a 37.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company's stock, valued at $5,380,259.85. This represents a 18.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,984 shares of company stock valued at $12,230,877 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

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.