Intech Investment Management LLC Has $5.59 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Intech Investment Management LLC increased its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 29.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,151 shares of the business services provider's stock after buying an additional 2,764 shares during the period. Intech Investment Management LLC's holdings in FactSet Research Systems were worth $5,588,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in FactSet Research Systems in the 3rd quarter worth approximately $26,000. UMB Bank n.a. grew its stake in shares of FactSet Research Systems by 144.4% in the second 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 during the last quarter. Crewe Advisors LLC increased its position in 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 FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in FactSet Research Systems in the 3rd quarter valued at $34,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $487.62 on Friday. The firm has a market capitalization of $18.52 billion, a P/E ratio of 35.08, a P/E/G ratio of 3.12 and a beta of 0.75. The stock has a fifty day moving average price of $466.05 and a two-hundred day moving average price of $435.59. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $2.93 EPS. As a group, analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems's payout ratio is currently 29.93%.

Analysts Set New Price Targets

FDS has been the topic of several research reports. Redburn Atlantic downgraded shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Royal Bank of Canada restated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, November 15th. Stifel Nicolaus upped 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. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a report on Friday, September 20th. Finally, BMO Capital Markets upped their target price 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. Five investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $450.00.

Insider Buying and Selling

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the business'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 transaction, the insider now owns 299 shares of the company's stock, valued at approximately $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James J. Mcgonigle sold 5,410 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.83, for a total value of $2,471,450.30. Following the completion of the sale, the director now owns 5,283 shares of the company's stock, valued at approximately $2,413,432.89. This trade represents a 50.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,984 shares of company stock worth $12,230,877 in the last three months. Insiders own 1.10% of the company's stock.

About FactSet Research Systems

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.