National Bank of Canada FI Has $12.99 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

National Bank of Canada FI raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 6.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,243 shares of the business services provider's stock after acquiring an additional 1,829 shares during the quarter. National Bank of Canada FI owned approximately 0.07% of FactSet Research Systems worth $12,988,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in FactSet Research Systems by 2.2% in 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 buying an additional 42,303 shares in the last quarter. Ninety One UK Ltd boosted its holdings in shares of FactSet Research Systems by 0.9% in the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider's stock worth $496,645,000 after acquiring an additional 10,928 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of FactSet Research Systems by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider's stock worth $171,702,000 after acquiring an additional 4,113 shares in the last quarter. Boston Trust Walden Corp grew its position in FactSet Research Systems by 9.3% during the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider's stock worth $136,267,000 after acquiring an additional 25,294 shares during the last quarter. Finally, PineStone Asset Management Inc. raised 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 valued at $126,000,000 after purchasing an additional 1,030 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Transactions at FactSet Research Systems

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 value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total value of $1,365,270.00. Following the transaction, the chief executive officer now directly owns 12,987 shares of the company's stock, valued at $5,910,253.83. This trade represents a 18.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,984 shares of company stock valued at $10,981,107 over the last three months. Company insiders own 1.10% of the company's stock.

FactSet Research Systems Trading Up 1.2 %

NYSE:FDS traded up $6.04 during trading hours on Wednesday, hitting $489.82. The stock had a trading volume of 264,842 shares, compared to its average volume of 260,063. The business's 50 day moving average is $472.57 and its 200-day moving average is $439.20. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $18.61 billion, a price-to-earnings ratio of 34.80, a P/E/G ratio of 3.08 and a beta of 0.76. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87.

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 the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same period in the previous year, the company posted $2.93 earnings per share. The company's revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued a dividend of $1.04 per share. The ex-dividend date is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.85%. FactSet Research Systems's payout ratio is 29.93%.

Analyst Ratings Changes

FDS has been the subject of a number of research reports. Evercore ISI started coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an "inline" rating and a $470.00 target price for the company. Wells Fargo & Company raised their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a research report on Friday, September 20th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, November 15th. Redburn Atlantic cut shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and decreased their price target for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Finally, UBS Group boosted their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat, FactSet Research Systems has an average rating of "Hold" and an average price target of $447.69.

FactSet Research Systems 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.