Saybrook Capital NC Has $22.21 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Saybrook Capital NC raised its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 8.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 48,305 shares of the business services provider's stock after buying an additional 3,625 shares during the period. FactSet Research Systems comprises approximately 6.3% of Saybrook Capital NC's holdings, making the stock its 5th largest holding. Saybrook Capital NC owned about 0.13% of FactSet Research Systems worth $22,213,000 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. Mission Wealth Management LP boosted its stake in FactSet Research Systems by 0.7% during the 1st quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider's stock worth $1,536,000 after acquiring an additional 24 shares during the last quarter. Andina Capital Management LLC raised its holdings in FactSet Research Systems by 3.8% in the third quarter. Andina Capital Management LLC now owns 715 shares of the business services provider's stock worth $329,000 after purchasing an additional 26 shares during the period. Argent Trust Co boosted its position in shares of FactSet Research Systems by 2.1% during the second quarter. Argent Trust Co now owns 1,312 shares of the business services provider's stock worth $536,000 after purchasing an additional 27 shares in the last quarter. Legacy Financial Advisors Inc. grew its holdings in shares of FactSet Research Systems by 4.0% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider's stock valued at $341,000 after buying an additional 32 shares during the period. Finally, Retirement Systems of Alabama increased its position in shares of FactSet Research Systems by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 8,407 shares of the business services provider's stock valued at $3,820,000 after buying an additional 34 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction 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. 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 through this hyperlink. In related news, Director James J. Mcgonigle sold 5,410 shares of FactSet Research Systems stock in a transaction that occurred 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 sale, the director now directly owns 5,283 shares of the company's stock, valued at approximately $2,413,432.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of the business's stock in a transaction on 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 sale, the executive vice president now owns 23,515 shares of the company's stock, valued at $10,726,367.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,815 shares of company stock valued at $12,873,751 over the last three months. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Evercore ISI initiated coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an "inline" rating and a $470.00 target price on the stock. UBS Group lifted their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the company a "neutral" rating in a report on Friday, September 20th. Royal Bank of Canada boosted their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the company a "sector perform" rating in a research report on Friday, September 20th. Redburn Atlantic downgraded shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, BMO Capital Markets upped their price target 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 equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $443.57.

FactSet Research Systems Stock Down 1.4 %

FDS traded down $6.29 on Wednesday, hitting $453.80. 209,741 shares of the company were exchanged, compared to its average volume of 261,594. The stock's fifty day moving average is $447.89 and its 200-day moving average is $429.47. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $488.64. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.79 and a current ratio of 1.25. The company has a market cap of $17.26 billion, a PE ratio of 32.65, a PEG ratio of 3.08 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same period in the prior year, the firm posted $2.93 earnings per share. The company's quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 0.92%. FactSet Research Systems's dividend payout ratio is 29.93%.

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.