Thrivent Financial for Lutherans Lowers Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Thrivent Financial for Lutherans trimmed its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 167,297 shares of the business services provider's stock after selling 10,550 shares during the period. Thrivent Financial for Lutherans owned about 0.44% of FactSet Research Systems worth $76,931,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in FactSet Research Systems in the third quarter valued at approximately $26,000. UMB Bank n.a. grew 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 in the last quarter. Crewe Advisors LLC grew its stake 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 in the last quarter. Quest Partners LLC grew its stake in shares of FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new position in shares of FactSet Research Systems during the second quarter worth $33,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FDS shares. BMO Capital Markets increased their target price 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. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a research note on Friday, September 20th. 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. Evercore ISI initiated coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an "inline" rating and a $470.00 target price for the company. Finally, UBS Group boosted their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a research report on Friday. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, FactSet Research Systems presently has an average rating of "Hold" and a consensus price target of $450.00.

FactSet Research Systems Stock Performance

NYSE:FDS traded up $2.03 on Monday, hitting $485.93. The stock had a trading volume of 209,074 shares, compared to its average volume of 262,961. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The business's 50-day simple moving average is $462.74 and its two-hundred day simple moving average is $434.23. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts' consensus estimates of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm had revenue of $562.20 million during the quarter, compared to analysts' expectations of $547.06 million. During the same quarter in the previous year, the business earned $2.93 EPS. The company's quarterly revenue was up 4.9% on a year-over-year basis. As a group, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems's dividend payout ratio is presently 29.93%.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now owns 299 shares of the company's stock, valued at $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the sale, 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 18.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,984 shares of company stock worth $12,230,877 over the last quarter. 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.