FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Profit Investment Management LLC

Profit Investment Management LLC cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 11.9% during the third quarter, Holdings Channel reports. The institutional investor owned 2,349 shares of the business services provider’s stock after selling 316 shares during the quarter. Profit Investment Management LLC’s holdings in FactSet Research Systems were worth $1,080,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FDS. Capital Insight Partners LLC increased its holdings in FactSet Research Systems by 3.5% in the third quarter. Capital Insight Partners LLC now owns 11,239 shares of the business services provider’s stock valued at $5,168,000 after buying an additional 382 shares in the last quarter. Perpetual Ltd grew its holdings in shares of FactSet Research Systems by 44.6% in the 3rd quarter. Perpetual Ltd now owns 755 shares of the business services provider’s stock worth $347,000 after acquiring an additional 233 shares during the period. CWM LLC increased its stake in FactSet Research Systems by 17.8% in the 3rd quarter. CWM LLC now owns 2,075 shares of the business services provider’s stock valued at $954,000 after purchasing an additional 313 shares in the last quarter. FCF Advisors LLC acquired a new position in FactSet Research Systems during the third quarter worth $1,749,000. Finally, GAMMA Investing LLC boosted its position in FactSet Research Systems by 7.3% during the third quarter. GAMMA Investing LLC now owns 768 shares of the business services provider’s stock worth $353,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 0.0 %

Shares of FDS stock traded up $0.01 during trading hours on Friday, hitting $454.04. 29,274 shares of the company were exchanged, compared to its average volume of 264,347. The firm has a fifty day moving average of $431.97 and a 200 day moving average of $427.24. 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 Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The firm has a market cap of $17.27 billion, a PE ratio of 32.66, a PEG ratio of 3.01 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The company had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. FactSet Research Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $2.93 EPS. Analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were issued a $1.04 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is 29.93%.

Insider Activity

In related news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,380,259.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction on Thursday, September 26th. The stock was 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 directly owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,362 shares of company stock valued at $12,688,945 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Royal Bank of Canada raised their price target 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. Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Redburn Atlantic downgraded shares of 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 report on Wednesday. BMO Capital Markets raised 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 note on Friday, September 20th. Finally, Stifel Nicolaus upped their target price on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $443.57.

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.