Geode Capital Management LLC Grows Position in FactSet Research Systems Inc. (NYSE:FDS)

Geode Capital Management LLC grew its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,001,924 shares of the business services provider's stock after buying an additional 8,376 shares during the quarter. Geode Capital Management LLC owned approximately 2.64% of FactSet Research Systems worth $460,467,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Raymond James Trust N.A. lifted its stake in FactSet Research Systems by 2.3% in the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider's stock worth $436,000 after acquiring an additional 21 shares during the period. Andina Capital Management LLC raised its holdings in 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 worth $329,000 after purchasing an additional 26 shares in the last quarter. Argent Trust Co lifted 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 purchasing an additional 27 shares during the period. Legacy Financial Advisors Inc. boosted its stake in shares of FactSet Research Systems by 4.0% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider's stock valued at $341,000 after purchasing an additional 32 shares in the last quarter. Finally, HBK Sorce Advisory LLC increased its position in shares of FactSet Research Systems by 4.8% during the second quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider's stock valued at $300,000 after buying an additional 34 shares during the period. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Up 0.1 %

Shares of NYSE FDS traded up $0.46 during midday trading on Friday, hitting $489.07. The stock had a trading volume of 240,548 shares, compared to its average volume of 259,895. The business's 50 day moving average is $474.46 and its 200-day moving average is $440.27. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week 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 company has a market cap of $18.58 billion, a P/E ratio of 35.18, a PEG ratio of 3.15 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating the consensus estimate 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 business had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same period last year, the business posted $2.93 EPS. The company's revenue was up 4.9% compared to the same quarter last year. As a group, analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems's dividend payout ratio is currently 29.93%.

Analysts Set New Price Targets

Several brokerages have commented on FDS. Redburn Atlantic lowered shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Morgan Stanley raised their target price on FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research note on Thursday. Wells Fargo & Company upped their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a research note on Friday, September 20th. UBS Group raised their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. Finally, Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of "Hold" and an average target price of $451.85.

Insider Activity

In other news, EVP Christopher R. Ellis sold 13,952 shares of the firm's stock in a transaction on 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 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 this link. Also, insider John Costigan sold 1,622 shares of FactSet Research Systems 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 sale, the insider now directly owns 299 shares of the company's stock, valued at $143,819. The trade was a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,984 shares of company stock valued at $10,981,107 in the last 90 days. 1.10% of the stock is currently owned by insiders.

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.