DekaBank Deutsche Girozentrale Sells 3,549 Shares of FactSet Research Systems Inc. (NYSE:FDS)

DekaBank Deutsche Girozentrale decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 26.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,755 shares of the business services provider's stock after selling 3,549 shares during the period. DekaBank Deutsche Girozentrale's holdings in FactSet Research Systems were worth $4,446,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. SteelPeak Wealth LLC raised its stake in FactSet Research Systems by 134.1% in the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider's stock worth $1,073,000 after purchasing an additional 1,506 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of FactSet Research Systems by 3.1% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider's stock valued at $20,321,000 after buying an additional 1,389 shares in the last quarter. Cetera Investment Advisers raised its position in shares of FactSet Research Systems by 214.5% in the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider's stock valued at $2,454,000 after buying an additional 3,683 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of FactSet Research Systems by 22.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider's stock valued at $7,223,000 after buying an additional 2,920 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of FactSet Research Systems by 34.4% in the 1st quarter. Russell Investments Group Ltd. now owns 43,978 shares of the business services provider's stock valued at $19,959,000 after buying an additional 11,257 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of 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. Wells Fargo & Company upped their price objective on shares of 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. Royal Bank of Canada boosted 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. Stifel Nicolaus boosted their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a report on Friday, September 20th. Finally, Evercore ISI began coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They set an "inline" rating and a $470.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, FactSet Research Systems currently has an average rating of "Hold" and a consensus price target of $443.57.

FactSet Research Systems Trading Up 1.0 %

FDS traded up $4.74 during trading on Friday, reaching $458.80. The company had a trading volume of 187,781 shares, compared to its average volume of 261,256. 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 $17.43 billion, a P/E ratio of 33.01, a PEG ratio of 3.00 and a beta of 0.75. The business has a 50 day simple moving average of $449.81 and a 200-day simple moving average of $429.88. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results 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. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business 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 company earned $2.93 earnings per share. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared 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 0.91%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems's dividend payout ratio is currently 29.93%.

Insiders Place Their Bets

In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the sale, the chief executive officer now owns 12,987 shares in the company, valued at approximately $5,910,253.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Catrina Harding sold 453 shares of the company's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $407.96, for a total value of $184,805.88. Following the completion of the transaction, the insider now directly owns 760 shares of the company's stock, valued at approximately $310,049.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the completion of the sale, the chief executive officer now owns 12,987 shares in the company, valued at $5,910,253.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,815 shares of company stock valued at $11,635,501 over the last quarter. Company insiders own 1.00% of the company's stock.

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.