Kovitz Investment Group Partners LLC Acquires New Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Kovitz Investment Group Partners LLC acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,211 shares of the business services provider's stock, valued at approximately $4,070,000.

A number of other large investors have also made changes to their positions in the stock. Worldquant Millennium Advisors LLC raised its holdings in FactSet Research Systems by 84.1% in the third quarter. Worldquant Millennium Advisors LLC now owns 34,012 shares of the business services provider's stock valued at $15,640,000 after buying an additional 15,533 shares during the period. State Street Corp boosted its holdings in shares of FactSet Research Systems by 2.2% during the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider's stock valued at $888,603,000 after acquiring an additional 42,303 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of FactSet Research Systems by 37.1% during the third quarter. Quantinno Capital Management LP now owns 2,332 shares of the business services provider's stock valued at $1,073,000 after acquiring an additional 631 shares during the period. Petrus Trust Company LTA raised its stake in shares of FactSet Research Systems by 24.2% during the third quarter. Petrus Trust Company LTA now owns 1,499 shares of the business services provider's stock valued at $689,000 after purchasing an additional 292 shares in the last quarter. Finally, Prana Capital Management LP bought a new stake in shares of FactSet Research Systems during the third quarter valued at about $5,002,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Trading Down 0.4 %

Shares of NYSE FDS traded down $1.99 during midday trading on Monday, reaching $477.98. The company had a trading volume of 213,861 shares, compared to its average volume of 260,353. FactSet Research Systems Inc. has a one year low of $391.84 and a one year 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 firm's fifty day moving average price is $471.63 and its 200-day moving average price is $438.58. The stock has a market cap of $18.16 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 3.08 and a beta of 0.76.

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 for the quarter, topping analysts' consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.93 EPS. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a $1.04 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.87%. FactSet Research Systems's dividend payout ratio (DPR) is presently 29.93%.

Wall Street Analyst Weigh In

FDS has been the topic of several recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, November 15th. UBS Group upped their price target 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. 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 research report on Friday, September 20th. BMO Capital Markets lifted their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the company a "market perform" rating in a report on Friday, November 15th. Finally, Evercore ISI initiated coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an "inline" rating and a $470.00 target price on the stock. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems presently has a consensus rating of "Hold" and an average target price of $447.69.

Insider Activity

In other news, insider John Costigan sold 1,622 shares of the company'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 completion of the sale, the insider now directly owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the sale, the chief executive officer now owns 12,987 shares of the company's stock, valued at $5,910,253.83. The trade was a 18.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,984 shares of company stock valued at $10,981,107 in the last ninety days. 1.10% of the stock is currently owned by company 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.