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

Dividend Assets Capital LLC cut its position in FactSet Research Systems Inc. (NYSE:FDS) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 117,715 shares of the business services provider’s stock after selling 3,055 shares during the period. Dividend Assets Capital LLC owned approximately 0.30% of FactSet Research Systems worth $21,202,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FDS. ETF Managers Group LLC bought a new stake in shares of FactSet Research Systems in the second quarter worth approximately $121,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of FactSet Research Systems in the second quarter worth approximately $126,000. Gotham Asset Management LLC grew its stake in shares of FactSet Research Systems by 6.8% in the second quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock worth $215,000 after acquiring an additional 82 shares during the period. Penobscot Investment Management Company Inc. grew its stake in shares of FactSet Research Systems by 9.4% in the second quarter. Penobscot Investment Management Company Inc. now owns 1,390 shares of the business services provider’s stock worth $231,000 after acquiring an additional 120 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in FactSet Research Systems by 107.9% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,316 shares of the business services provider’s stock valued at $237,000 after buying an additional 683 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

In related news, VP Matthew J. Mcnulty sold 1,049 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $181.00, for a total transaction of $189,869.00. Following the sale, the vice president now owns 2,499 shares of the company’s stock, valued at $452,319. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 7,334 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $181.24, for a total transaction of $1,329,214.16. Following the sale, the chief executive officer now directly owns 11,262 shares in the company, valued at approximately $2,041,124.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,841 shares of company stock worth $3,224,739. 2.80% of the stock is owned by insiders.

Several analysts recently issued reports on the stock. Stifel Nicolaus restated a “hold” rating and set a $169.00 target price (up from $163.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. BidaskClub lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Morgan Stanley boosted their target price on shares of FactSet Research Systems from $166.00 to $171.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Northcoast Research upgraded 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, Credit Suisse Group reiterated an “outperform” rating and issued a $200.00 price target (up from $190.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $178.91.

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FactSet Research Systems Inc. (FDS) traded up $0.42 during mid-day trading on Wednesday, hitting $196.76. 196,000 shares of the stock traded hands, compared to its average volume of 302,713. FactSet Research Systems Inc. has a 1 year low of $155.09 and a 1 year high of $197.74. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a market capitalization of $7,678.81, a P/E ratio of 26.86, a PEG ratio of 2.23 and a beta of 0.96.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, September 26th. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.89 by $0.01. The firm had revenue of $326.60 million for 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 quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.69 earnings per share. equities analysts expect that FactSet Research Systems Inc. will post 8.18 EPS for the current fiscal year.

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

FactSet Research Systems 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.

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

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