M&T Bank Corp Has $5.30 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

M&T Bank Corp increased its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 25.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,525 shares of the business services provider's stock after purchasing an additional 2,354 shares during the period. M&T Bank Corp's holdings in FactSet Research Systems were worth $5,299,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in FactSet Research Systems during the 3rd quarter worth about $26,000. UMB Bank n.a. grew its position in FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider's stock valued at $27,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC increased its stake in FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock valued at $28,000 after buying an additional 60 shares during the period. Quest Partners LLC increased its stake in FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock valued at $28,000 after buying an additional 67 shares during the period. Finally, Gladius Capital Management LP purchased a new stake in FactSet Research Systems in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 91.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FDS. BMO Capital Markets upped their price target on shares of 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 began coverage on 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. Morgan Stanley boosted their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research note on Thursday. Redburn Atlantic lowered shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and cut their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their target price on shares of 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. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $451.85.

FactSet Research Systems Stock Performance

FactSet Research Systems stock traded up $0.46 on Friday, reaching $489.07. 240,548 shares of the stock were exchanged, compared to its average volume of 259,895. 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 twelve month low of $391.84 and a twelve month high of $499.87. The firm has a fifty day moving average price of $473.82 and a two-hundred day moving average price of $439.90. The stock has a market cap of $18.58 billion, a PE ratio of 35.16, a PEG ratio of 3.15 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results 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 firm had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.93 EPS. Sell-side analysts anticipate 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. Stockholders 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 dividend yield of 0.85%. FactSet Research Systems's payout ratio is 29.93%.

Insider Activity at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now directly owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the sale, the chief executive officer now owns 12,987 shares of the company's stock, valued at $5,910,253.83. This represents a 18.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,984 shares of company stock worth $10,981,107 in the last ninety days. 1.10% of the stock is currently owned by insiders.

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.