Sanctuary Advisors LLC Trims Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Sanctuary Advisors LLC reduced its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 22.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,801 shares of the business services provider's stock after selling 5,291 shares during the quarter. Sanctuary Advisors LLC's holdings in FactSet Research Systems were worth $8,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James Trust N.A. lifted its stake in shares of FactSet Research Systems by 2.3% during the 3rd 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 last quarter. Andina Capital Management LLC boosted its holdings in shares of FactSet Research Systems by 3.8% in the 3rd quarter. Andina Capital Management LLC now owns 715 shares of the business services provider's stock valued at $329,000 after buying an additional 26 shares in the last quarter. Argent Trust Co grew its position in shares of FactSet Research Systems by 2.1% in the 2nd quarter. Argent Trust Co now owns 1,312 shares of the business services provider's stock worth $536,000 after buying an additional 27 shares during the last quarter. Legacy Financial Advisors Inc. lifted its position in FactSet Research Systems by 4.0% during the second quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider's stock valued at $341,000 after acquiring an additional 32 shares during the last quarter. Finally, HBK Sorce Advisory LLC boosted its stake in FactSet Research Systems by 4.8% in the second quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider's stock valued at $300,000 after acquiring an additional 34 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FDS has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the stock an "underweight" rating in a research report on Thursday. UBS Group raised their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. BMO Capital Markets upped their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a "market perform" rating in a report on Friday, November 15th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, November 15th. Finally, Redburn Atlantic cut shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $451.85.

Insiders Place Their Bets

In related news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value 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 trade represents a 37.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the transaction, the chief executive officer now owns 12,987 shares of the company's stock, valued at approximately $5,910,253.83. The trade was a 18.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,984 shares of company stock valued at $10,981,107. Insiders own 1.10% of the company's stock.

FactSet Research Systems Trading Up 0.0 %

FDS stock traded up $0.13 during trading on Friday, reaching $488.74. 240,563 shares of the stock were exchanged, compared to its average volume of 259,895. The business has a 50 day moving average price of $474.46 and a 200-day moving average price of $440.36. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 35.16, a P/E/G ratio of 3.15 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued 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. The firm had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. FactSet Research Systems's revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.93 EPS. On average, research analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

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

About FactSet Research Systems

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.