Claro Advisors LLC Takes $7.47 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

Claro Advisors LLC bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 16,251 shares of the business services provider's stock, valued at approximately $7,473,000. FactSet Research Systems makes up approximately 0.7% of Claro Advisors LLC's portfolio, making the stock its 25th largest position.

Several other hedge funds have also recently bought and sold shares of FDS. HighPoint Advisor Group LLC acquired a new position in FactSet Research Systems during the 4th quarter worth about $443,000. Nomura Holdings Inc. acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $373,000. CWM LLC raised its position in FactSet Research Systems by 117.0% in the 1st quarter. CWM LLC now owns 1,855 shares of the business services provider's stock valued at $843,000 after purchasing an additional 1,000 shares in the last quarter. GAMMA Investing LLC raised its position in FactSet Research Systems by 35.1% in the 1st quarter. GAMMA Investing LLC now owns 628 shares of the business services provider's stock valued at $285,000 after purchasing an additional 163 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in FactSet Research Systems in the 1st quarter valued at about $116,000. Institutional investors and hedge funds own 91.24% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on FactSet Research Systems from $464.00 to $503.00 and gave the stock a "sector perform" rating in a research report on Friday, September 20th. Redburn Atlantic lowered FactSet Research Systems from a "neutral" rating to a "sell" rating and cut their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Stifel Nicolaus raised their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. Wells Fargo & Company raised their target price 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. Finally, BMO Capital Markets raised their target price on FactSet Research Systems from $440.00 to $471.00 and gave the stock a "market perform" rating in a research report on Friday, September 20th. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $443.57.

Insider Activity

In other news, Director James J. Mcgonigle sold 5,410 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the completion of the sale, the director now directly owns 5,283 shares of the company's stock, valued at $2,413,432.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director James J. Mcgonigle sold 5,410 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the transaction, the director now directly owns 5,283 shares of the company's stock, valued at approximately $2,413,432.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total value of $1,238,250.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,362 shares of company stock valued at $12,688,945 in the last three months. 1.00% of the stock is currently owned by company insiders.

FactSet Research Systems Stock Performance

Shares of FDS stock traded down $1.16 during midday trading on Friday, hitting $471.32. The company had a trading volume of 255,897 shares, compared to its average volume of 264,288. The company's 50 day simple moving average is $439.44 and its 200 day simple moving average is $428.03. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $488.64. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 3.01 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.12. The company 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 company's revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $2.93 EPS. Research analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders 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 dividend yield of 0.88%. FactSet Research Systems's dividend payout ratio is currently 31.37%.

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.