Strategy Asset Managers LLC Has $338,000 Position in FactSet Research Systems Inc. (NYSE:FDS)

Strategy Asset Managers LLC increased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 735 shares of the business services provider’s stock after buying an additional 56 shares during the quarter. Strategy Asset Managers LLC’s holdings in FactSet Research Systems were worth $338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SteelPeak Wealth LLC grew its holdings in shares of FactSet Research Systems by 134.1% during 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 lifted its position in FactSet Research Systems by 3.1% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock worth $20,321,000 after purchasing an additional 1,389 shares during the period. Cetera Investment Advisers boosted its stake in FactSet Research Systems by 214.5% during the first quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock worth $2,454,000 after buying an additional 3,683 shares in the last quarter. Tidal Investments LLC increased its holdings in FactSet Research Systems by 225.1% in the 1st quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock valued at $1,065,000 after buying an additional 1,623 shares during the period. Finally, UniSuper Management Pty Ltd raised its stake in shares of FactSet Research Systems by 431.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 2,391 shares of the business services provider’s stock valued at $1,086,000 after buying an additional 1,941 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Down 1.4 %

Shares of NYSE FDS opened at $474.44 on Thursday. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The firm’s 50-day simple moving average is $464.29 and its 200 day simple moving average is $434.88. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a market cap of $18.02 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.93 earnings per share. On average, research analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.88%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.93%.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 23,515 shares of the company’s stock, valued at $10,726,367.25. The trade was a 37.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,984 shares of company stock worth $12,230,877 over the last 90 days. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FDS has been the topic of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, November 15th. Wells Fargo & Company upped their price objective on 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. Evercore ISI initiated coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price for the company. BMO Capital Markets boosted their price target on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus increased their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Five analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $450.00.

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.