FactSet Research Systems Inc. (FDS) Shares Sold by Dividend Assets Capital LLC

Dividend Assets Capital LLC lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,715 shares of the business services provider’s stock after selling 3,055 shares during the quarter. Dividend Assets Capital LLC owned about 0.30% of FactSet Research Systems worth $21,202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Eads & Heald Investment Counsel increased its stake in shares of FactSet Research Systems by 0.9% during the 2nd quarter. Eads & Heald Investment Counsel now owns 2,358 shares of the business services provider’s stock valued at $392,000 after acquiring an additional 20 shares during the last quarter. FineMark National Bank & Trust increased its stake in shares of FactSet Research Systems by 1.0% during the 2nd quarter. FineMark National Bank & Trust now owns 2,183 shares of the business services provider’s stock valued at $363,000 after acquiring an additional 22 shares during the last quarter. World Asset Management Inc increased its stake in shares of FactSet Research Systems by 1.3% during the 2nd quarter. World Asset Management Inc now owns 2,847 shares of the business services provider’s stock valued at $473,000 after acquiring an additional 36 shares during the last quarter. NewFocus Financial Group LLC increased its stake in shares of FactSet Research Systems by 0.3% during the 2nd quarter. NewFocus Financial Group LLC now owns 13,120 shares of the business services provider’s stock valued at $2,180,000 after acquiring an additional 41 shares during the last quarter. Finally, Sawtooth Solutions LLC increased its stake in shares of FactSet Research Systems by 3.1% during the 2nd quarter. Sawtooth Solutions LLC now owns 1,718 shares of the business services provider’s stock valued at $285,000 after acquiring an additional 52 shares during the last quarter. 94.26% of the stock is owned by institutional investors.

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FDS has been the subject of a number of research analyst reports. Credit Suisse Group reaffirmed an “outperform” rating and set a $205.00 price objective (up previously from $200.00) on shares of FactSet Research Systems in a research note on Monday, October 23rd. Morgan Stanley upped their price objective on shares of FactSet Research Systems from $166.00 to $171.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Tuesday, October 10th. Northcoast Research raised shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 target price for the company in a research report on Thursday, September 21st. Finally, BidaskClub downgraded shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. FactSet Research Systems presently has an average rating of “Hold” and an average target price of $178.91.

FactSet Research Systems Inc. (NYSE FDS) traded down $0.03 on Monday, reaching $196.21. 272,800 shares of the company were exchanged, compared to its average volume of 305,428. The firm has a market cap of $7,673.72, a P/E ratio of 26.84, a PEG ratio of 2.23 and a beta of 0.96. FactSet Research Systems Inc. has a 12-month low of $155.09 and a 12-month high of $196.57. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.04 and a current ratio of 2.04.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.01. The firm had revenue of $326.60 million during the quarter, compared to the consensus estimate of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.69 EPS. analysts expect that FactSet Research Systems Inc. will post 8.18 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Thursday, November 30th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 34.36%.

In other FactSet Research Systems news, COO Mark J. Hale sold 9,458 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $180.34, for a total value of $1,705,655.72. Following the completion of the transaction, the chief operating officer now owns 11,314 shares in the company, valued at approximately $2,040,366.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Matthew J. Mcnulty sold 1,049 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $181.00, for a total value of $189,869.00. Following the completion of the transaction, the vice president now owns 2,499 shares of the company’s stock, valued at approximately $452,319. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,841 shares of company stock valued at $3,224,739. 2.80% of the stock is owned by company insiders.

FactSet Research Systems Company Profile

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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