KBC Group NV Decreases Stake in FactSet Research Systems Inc. (NYSE:FDS)

KBC Group NV reduced its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 24.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,948 shares of the business services provider's stock after selling 2,239 shares during the quarter. KBC Group NV's holdings in FactSet Research Systems were worth $3,195,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FDS. Catalyst Capital Advisors LLC purchased a new stake in FactSet Research Systems in the third quarter valued at about $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 valued at $27,000 after acquiring an additional 39 shares during the period. Crewe Advisors LLC increased its stake in FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock worth $28,000 after buying an additional 60 shares in the last quarter. Quest Partners LLC grew its holdings 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 buying an additional 67 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new stake in shares of FactSet Research Systems in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,380,259.85. This represents a 18.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,984 shares of company stock worth $12,230,877. 1.10% of the stock is owned by company insiders.

FactSet Research Systems Price Performance

Shares of FDS stock traded up $2.33 during trading hours on Monday, hitting $486.23. The company's stock had a trading volume of 128,598 shares, compared to its average volume of 262,524. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average of $461.60 and a 200-day moving average of $433.79. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The stock has a market cap of $18.47 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 3.20 and a beta of 0.75.

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 for the quarter, beating the consensus estimate 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 firm had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same quarter in the previous year, the company posted $2.93 EPS. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, November 29th. FactSet Research Systems's dividend payout ratio is presently 29.93%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FDS shares. 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. Evercore ISI assumed coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an "inline" rating and a $470.00 price target on the stock. 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 raised 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 boosted their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the company a "market perform" rating in a research note on Friday. Five research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to data from MarketBeat, FactSet Research Systems currently has an average rating of "Hold" and an average target price 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.