FactSet Research Systems Inc. (NYSE:FDS) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 21.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,651 shares of the business services provider's stock after buying an additional 1,900 shares during the period. Handelsbanken Fonder AB's holdings in FactSet Research Systems were worth $4,898,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of 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 valued at $27,000 after buying an additional 39 shares during the last quarter. Crewe Advisors LLC raised its holdings in FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock valued at $28,000 after acquiring an additional 60 shares during the last quarter. Quest Partners LLC raised its holdings in FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Gladius Capital Management LP purchased a new position in FactSet Research Systems in the 2nd quarter worth approximately $33,000. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of FactSet Research Systems by 300.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider's stock worth $36,000 after purchasing an additional 66 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 0.3 %

NYSE:FDS traded down $1.37 on Wednesday, reaching $455.46. 205,819 shares of the company's stock were exchanged, compared to its average volume of 266,173. The firm has a market capitalization of $17.33 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average of $431.06 and a 200-day moving average of $427.05.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS 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 company had revenue of $562.20 million during the quarter, compared to analysts' expectations of $547.06 million. During the same quarter last year, the company posted $2.93 EPS. The firm's revenue was up 4.9% compared to the same quarter last year. As a group, analysts expect that FactSet Research Systems Inc. will post 17.16 earnings per share for the current year.

FactSet Research Systems Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on FDS. Royal Bank of Canada increased their price target on FactSet Research Systems from $464.00 to $503.00 and gave the company a "sector perform" rating in a report on Friday, September 20th. 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. UBS Group lifted 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. Wells Fargo & Company upped 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 report on Friday, September 20th. Finally, Redburn Atlantic cut shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $420.00 to $380.00 in a research report on Wednesday. Five analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $443.57.

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $412.75, for a total value of $1,238,250.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company's stock, valued at approximately $5,330,666.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Christopher R. Ellis sold 13,952 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,330,666.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,362 shares of company stock worth $12,688,945 over the last 90 days. 1.00% of the stock is owned by 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.