Loomis Sayles & Co. L P Sells 45,539 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Loomis Sayles & Co. L P lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,553,303 shares of the business services provider's stock after selling 45,539 shares during the quarter. FactSet Research Systems comprises 0.9% of Loomis Sayles & Co. L P's portfolio, making the stock its 25th largest position. Loomis Sayles & Co. L P owned approximately 4.09% of FactSet Research Systems worth $714,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Catalyst Capital Advisors LLC purchased a new position in shares of FactSet Research Systems in the 3rd quarter worth about $26,000. UMB Bank n.a. raised its holdings in 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 buying an additional 39 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of FactSet Research Systems by 750.0% in the second 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 valued at $28,000 after buying an additional 67 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of FactSet Research Systems during the second quarter valued at approximately $33,000. Institutional investors own 91.24% of the company's stock.

Insiders Place Their Bets

In other news, insider John Costigan sold 1,622 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares in the company, valued at $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value 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 trade represents a 18.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,984 shares of company stock worth $12,230,877 in the last three months. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BMO Capital Markets lifted their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the stock a "market perform" rating in a report on Friday, November 15th. UBS Group boosted their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a report on Friday, November 15th. Redburn Atlantic downgraded shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a research note on Friday, September 20th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, November 15th. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $450.00.

FactSet Research Systems Price Performance

Shares of NYSE FDS traded up $3.43 during midday trading on Monday, reaching $491.05. The stock had a trading volume of 507,250 shares, compared to its average volume of 263,113. The company has a market capitalization of $18.65 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 3.13 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 stock has a 50-day moving average of $466.05 and a 200-day moving average of $435.60. 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 posted its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating analysts' consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $2.93 earnings per share. As a group, research 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 declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid 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 0.85%. FactSet Research Systems's payout ratio is 29.93%.

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.