FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,211 shares of the business services provider's stock after selling 1,679 shares during the period. Truist Financial Corp owned about 0.07% of FactSet Research Systems worth $11,110,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Allianz Asset Management GmbH grew its stake in FactSet Research Systems by 4.3% in the 4th quarter. Allianz Asset Management GmbH now owns 5,816 shares of the business services provider's stock valued at $2,775,000 after acquiring an additional 238 shares during the last quarter. J. W. Coons Advisors LLC purchased a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $208,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $509,000. The Manufacturers Life Insurance Company lifted its stake in FactSet Research Systems by 3.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 28,569 shares of the business services provider's stock valued at $13,629,000 after buying an additional 862 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in FactSet Research Systems by 253.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,866 shares of the business services provider's stock valued at $3,752,000 after buying an additional 5,640 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. UBS Group boosted their price target on FactSet Research Systems from $455.00 to $485.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. Stifel Nicolaus upped their target price on shares of 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 target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a report on Friday, September 20th. Morgan Stanley upped their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an "underweight" rating in a research note on Monday, June 24th. Finally, Evercore ISI initiated coverage on shares of FactSet Research Systems in a research report on Wednesday. They set an "inline" rating and a $470.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat, FactSet Research Systems presently has a consensus rating of "Hold" and a consensus price target of $448.46.

FactSet Research Systems Trading Down 0.5 %

Shares of NYSE FDS traded down $2.09 during midday trading on Friday, hitting $457.00. The stock had a trading volume of 178,940 shares, compared to its average volume of 267,024. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The company has a market capitalization of $17.38 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 3.11 and a beta of 0.75. The company has a fifty day moving average price of $428.64 and a 200 day moving average price of $427.22.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping 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 company had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same period in the previous year, the firm earned $2.93 earnings per share. FactSet Research Systems's revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts predict that FactSet Research Systems Inc. will post 17.16 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.37%.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company's stock, valued at approximately $5,380,259.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, 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 transaction of $1,249,770.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company's stock, valued at approximately $5,380,259.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the transaction, the executive vice president now directly owns 23,515 shares of the company's stock, valued at $10,726,367.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,362 shares of company stock valued at $12,688,945 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

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.