Stevens Capital Management LP Lowers Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Stevens Capital Management LP decreased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 80.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 664 shares of the business services provider's stock after selling 2,782 shares during the period. Stevens Capital Management LP's holdings in FactSet Research Systems were worth $305,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FDS. Catalyst Capital Advisors LLC purchased a new stake in FactSet Research Systems during the 3rd quarter valued at approximately $26,000. UMB Bank n.a. raised its stake in shares of 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 worth $27,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC lifted its holdings in shares of FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock worth $28,000 after purchasing an additional 60 shares during the period. Quest Partners LLC grew its position 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 last quarter. Finally, Capital Performance Advisors LLP acquired a new position in FactSet Research Systems in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Price Performance

NYSE:FDS traded up $1.60 during mid-day trading on Friday, hitting $479.97. 203,362 shares of the company's stock traded hands, compared to its average volume of 260,551. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The company has a market cap of $18.23 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 3.12 and a beta of 0.76. 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 firm's 50 day simple moving average is $471.20 and its 200 day simple moving average is $438.53.

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, topping 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 company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.93 EPS. Sell-side analysts expect 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. Investors of record on Friday, November 29th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, November 29th. FactSet Research Systems's dividend payout ratio is presently 29.93%.

Insider Buying and Selling

In related news, insider John Costigan sold 1,622 shares of the company's 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 completion of the transaction, the insider now directly owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,984 shares of company stock worth $10,981,107. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FDS. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, November 15th. Redburn Atlantic cut 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 research report on Wednesday, October 9th. Stifel Nicolaus raised their price target on FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a report on Friday, September 20th. BMO Capital Markets lifted their price target on FactSet Research Systems from $471.00 to $521.00 and gave the company a "market perform" rating in a research note on Friday, November 15th. Finally, Evercore ISI started coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an "inline" rating and a $470.00 price objective for the company. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $450.00.

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.