FactSet Research Systems Inc. (NYSE:FDS) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 373,386 shares of the business services provider's stock after acquiring an additional 4,113 shares during the period. Charles Schwab Investment Management Inc. owned about 0.98% of FactSet Research Systems worth $171,702,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Catalyst Capital Advisors LLC purchased a new stake in shares of FactSet Research Systems during the third quarter valued at $26,000. UMB Bank n.a. grew its stake in FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider's stock worth $27,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC increased its position 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 acquiring an additional 60 shares during the period. Quest Partners LLC raised 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 valued at $28,000 after acquiring an additional 67 shares in the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of FactSet Research Systems during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock traded up $1.85 during midday trading on Friday, hitting $487.62. The company had a trading volume of 148,640 shares, compared to its average volume of 259,090. The company has a fifty day simple moving average of $466.05 and a 200 day simple moving average of $435.59. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. 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 stock has a market cap of $18.52 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 3.12 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.62 by $0.12. The company had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.93 earnings per share. As a group, analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Insider Activity at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 299 shares in the company, valued at $143,819. This trade represents a 84.44 % decrease in their position. The sale 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, September 3rd. The stock was 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 owns 12,915 shares of the company's stock, valued at $5,380,259.85. This represents a 18.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,984 shares of company stock worth $12,230,877. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on FDS. BMO Capital Markets raised their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the stock a "market perform" rating in a report on Friday, November 15th. Redburn Atlantic downgraded FactSet Research Systems from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Evercore ISI began coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an "inline" rating and a $470.00 target price on the stock. Wells Fargo & Company boosted their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a report on Friday, September 20th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, November 15th. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. Based on data from MarketBeat.com, FactSet Research Systems has a consensus rating of "Hold" and an average price target of $450.00.

FactSet Research Systems Company 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.