Icon Wealth Advisors LLC grew its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1,068.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,416 shares of the business services provider's stock after acquiring an additional 4,038 shares during the quarter. Icon Wealth Advisors LLC's holdings in FactSet Research Systems were worth $2,031,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ninety One UK Ltd lifted its holdings in shares of FactSet Research Systems by 0.9% during the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider's stock valued at $496,645,000 after purchasing an additional 10,928 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of FactSet Research Systems by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider's stock valued at $171,702,000 after purchasing an additional 4,113 shares during the last quarter. Boston Trust Walden Corp lifted its position in FactSet Research Systems by 9.3% during the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider's stock valued at $136,267,000 after purchasing an additional 25,294 shares during the period. PineStone Asset Management Inc. grew its position in FactSet Research Systems by 0.4% in the 3rd quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider's stock worth $126,000,000 after purchasing an additional 1,030 shares during the period. Finally, Tandem Investment Advisors Inc. raised its stake in FactSet Research Systems by 1.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider's stock valued at $102,079,000 after buying an additional 3,485 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
FDS has been the topic of a number of research reports. 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 research note on Friday, November 15th. BMO Capital Markets raised their target price on FactSet Research Systems from $471.00 to $521.00 and gave the stock a "market perform" rating in a research report on Friday, November 15th. Redburn Atlantic lowered shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and reduced their price target for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Stifel Nicolaus raised their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a report on Friday, September 20th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $450.00.
Check Out Our Latest Analysis on FDS
FactSet Research Systems Price Performance
Shares of FactSet Research Systems stock traded up $1.85 during trading hours on Friday, hitting $487.62. The company's stock had a trading volume of 148,640 shares, compared to its average volume of 259,090. The business has a 50 day moving average price of $466.05 and a two-hundred day moving average price of $435.59. The company has a market cap of $18.52 billion, a PE ratio of 35.08, a PEG ratio of 3.12 and a beta of 0.75. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25.
FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data 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. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. During the same period last year, the firm posted $2.93 EPS. The company's revenue was up 4.9% on a year-over-year basis. Analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.
FactSet Research Systems Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, November 29th. FactSet Research Systems's dividend payout ratio (DPR) is presently 29.93%.
Insider Transactions at FactSet Research Systems
In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company's stock, valued at $5,380,259.85. This trade represents a 18.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher R. Ellis sold 13,952 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, the executive vice president now owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,984 shares of company stock valued at $12,230,877. 1.10% of the stock is currently owned by insiders.
FactSet Research Systems Profile
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Free Report)
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.
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