Copeland Capital Management LLC Sells 18,437 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Copeland Capital Management LLC cut its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 21.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 67,287 shares of the business services provider's stock after selling 18,437 shares during the quarter. Copeland Capital Management LLC owned approximately 0.18% of FactSet Research Systems worth $30,942,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in FactSet Research Systems by 2,873.9% in the second quarter. Millennium Management LLC now owns 119,582 shares of the business services provider's stock valued at $48,822,000 after acquiring an additional 115,561 shares during the last quarter. PineStone Asset Management Inc. grew its position in shares of FactSet Research Systems by 53.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider's stock worth $111,447,000 after buying an additional 94,952 shares during the period. Norden Group LLC raised its stake in shares of FactSet Research Systems by 1,844.5% during the first quarter. Norden Group LLC now owns 45,696 shares of the business services provider's stock worth $20,761,000 after buying an additional 43,346 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in FactSet Research Systems by 21.5% in the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider's stock valued at $96,113,000 after buying an additional 41,717 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in FactSet Research Systems by 198.2% in the first quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider's stock valued at $23,352,000 after purchasing an additional 34,156 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, the executive vice president now owns 23,515 shares of the company's stock, valued at approximately $10,726,367.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 12,915 shares of the company's stock, valued at $5,330,666.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 28,362 shares of company stock worth $12,688,945. Insiders own 1.00% of the company's stock.

FactSet Research Systems Trading Down 0.8 %

NYSE FDS traded down $3.86 during mid-day trading on Tuesday, reaching $465.07. 149,254 shares of the stock were exchanged, compared to its average volume of 263,281. The stock has a market cap of $17.69 billion, a P/E ratio of 35.06, a P/E/G 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 Inc. has a one year low of $391.84 and a one year high of $488.64. The stock has a 50 day simple moving average of $440.87 and a 200-day simple moving average of $428.14.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $562.20 million during the quarter, compared to analyst estimates 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 company posted $2.93 EPS. On average, analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems's payout ratio is 31.37%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FDS shares. Wells Fargo & Company boosted their price target 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. Stifel Nicolaus upped their price objective 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. Evercore ISI initiated coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an "inline" rating and a $470.00 target price on the stock. Morgan Stanley upped their price target on FactSet Research Systems from $350.00 to $355.00 and gave the stock an "underweight" rating in a research report on Monday, June 24th. Finally, BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $440.00 to $471.00 and gave the company a "market perform" rating in a report on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to data from MarketBeat, FactSet Research Systems has an average rating of "Hold" and an average price target of $443.57.

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.