Congress Asset Management Co. Sells 1,377 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Congress Asset Management Co. lowered its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,293 shares of the business services provider's stock after selling 1,377 shares during the period. Congress Asset Management Co. owned about 0.65% of FactSet Research Systems worth $114,177,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in FactSet Research Systems by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider's stock worth $2,077,267,000 after purchasing an additional 11,974 shares during the period. Ninety One UK Ltd grew its stake in shares of FactSet Research Systems by 0.9% in the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider's stock worth $496,645,000 after acquiring an additional 10,928 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of FactSet Research Systems by 9.3% during the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider's stock valued at $136,267,000 after acquiring an additional 25,294 shares during the period. PineStone Asset Management Inc. raised its holdings in 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 valued at $111,447,000 after buying an additional 94,952 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in FactSet Research Systems by 3.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider's stock valued at $120,178,000 after purchasing an additional 9,925 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Up 0.0 %

Shares of NYSE FDS traded up $0.22 during mid-day trading on Thursday, reaching $454.02. The company had a trading volume of 261,432 shares, compared to its average volume of 261,593. The company has a market capitalization of $17.27 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 3.08 and a beta of 0.75. The stock has a fifty day moving average of $447.89 and a two-hundred day moving average of $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.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its 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 return on equity of 34.77% and a net margin of 24.38%. The company had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same period last year, the business posted $2.93 EPS. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.92%. FactSet Research Systems's payout ratio is currently 29.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Redburn Atlantic lowered FactSet Research Systems from a "neutral" rating to a "sell" rating and reduced their price target for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Stifel Nicolaus increased their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a research 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 company an "equal weight" rating in a research note on Friday, September 20th. Royal Bank of Canada increased their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a "sector perform" rating in a report on Friday, September 20th. Finally, BMO Capital Markets lifted their price objective on FactSet Research Systems from $440.00 to $471.00 and gave the stock 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 issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $443.57.

Insider Transactions at FactSet Research Systems

In other news, insider Catrina Harding sold 453 shares of the firm's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $407.96, for a total transaction of $184,805.88. Following the transaction, the insider now directly owns 760 shares of the company's stock, valued at approximately $310,049.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm'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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Catrina Harding sold 453 shares of FactSet Research Systems stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $407.96, for a total transaction of $184,805.88. Following the transaction, the insider now directly owns 760 shares in the company, valued at approximately $310,049.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,815 shares of company stock worth $11,635,501. 1.00% of the stock is owned by company 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.