Tandem Investment Advisors Inc. Decreases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Tandem Investment Advisors Inc. lowered its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 246,759 shares of the business services provider's stock after selling 3,269 shares during the quarter. FactSet Research Systems comprises approximately 4.3% of Tandem Investment Advisors Inc.'s holdings, making the stock its 5th largest holding. Tandem Investment Advisors Inc. owned 0.65% of FactSet Research Systems worth $113,472,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FDS. Millennium Management LLC lifted its stake in shares of FactSet Research Systems by 2,873.9% in the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider's stock valued at $48,822,000 after purchasing an additional 115,561 shares during the period. PineStone Asset Management Inc. increased its position in shares of FactSet Research Systems by 53.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider's stock valued at $111,447,000 after buying an additional 94,952 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of FactSet Research Systems in the 3rd quarter valued at $38,909,000. Dimensional Fund Advisors LP increased its position in shares of FactSet Research Systems by 21.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider's stock valued at $96,113,000 after buying an additional 41,717 shares in the last quarter. Finally, Boston Trust Walden Corp increased its position in shares of FactSet Research Systems by 9.3% in the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider's stock valued at $136,267,000 after buying an additional 25,294 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,380,259.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company's stock, valued at approximately $5,380,259.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the transaction, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,362 shares of company stock worth $11,450,695. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

FDS has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a "sector perform" rating in a research report on Friday, September 20th. Wells Fargo & Company upped their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a research report on Friday, September 20th. Redburn Atlantic cut FactSet Research Systems from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. BMO Capital Markets increased their target price on FactSet Research Systems from $440.00 to $471.00 and gave the stock a "market perform" rating in a report on Friday, September 20th. Finally, Stifel Nicolaus increased their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a report on Friday, September 20th. Five equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $443.57.

FactSet Research Systems Stock Performance

NYSE:FDS traded up $3.79 during mid-day trading on Friday, hitting $477.67. The stock had a trading volume of 256,149 shares, compared to its average volume of 261,367. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $488.64. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 3.05 and a beta of 0.75. The company's 50 day simple moving average is $454.40 and its 200 day simple moving average is $431.01. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results 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 net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same period last year, the business posted $2.93 EPS. FactSet Research Systems's revenue was up 4.9% on a year-over-year basis. 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 Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.87%. FactSet Research Systems's dividend payout ratio (DPR) is currently 29.93%.

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.