Advisors Asset Management Inc. Decreases Stake in FactSet Research Systems Inc. (NYSE:FDS)

Advisors Asset Management Inc. lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDSGet Rating) by 47.4% in the second quarter, Holdings Channel reports. The firm owned 1,048 shares of the business services provider’s stock after selling 943 shares during the period. Advisors Asset Management Inc.’s holdings in FactSet Research Systems were worth $403,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FDS. BlackRock Inc. boosted its holdings in FactSet Research Systems by 2.5% in the 1st quarter. BlackRock Inc. now owns 3,694,956 shares of the business services provider’s stock worth $1,604,165,000 after acquiring an additional 89,401 shares during the period. Echo Street Capital Management LLC boosted its holdings in FactSet Research Systems by 26.4% in the 1st quarter. Echo Street Capital Management LLC now owns 397,999 shares of the business services provider’s stock worth $172,791,000 after acquiring an additional 83,031 shares during the period. Lord Abbett & CO. LLC boosted its holdings in FactSet Research Systems by 449.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 95,000 shares of the business services provider’s stock worth $41,244,000 after acquiring an additional 77,713 shares during the period. PFG Advisors purchased a new position in FactSet Research Systems in the 2nd quarter worth approximately $2,780,000. Finally, Ninety One UK Ltd boosted its holdings in FactSet Research Systems by 5.9% in the 1st quarter. Ninety One UK Ltd now owns 1,168,264 shares of the business services provider’s stock worth $507,202,000 after acquiring an additional 64,569 shares during the period. Hedge funds and other institutional investors own 90.38% of the company’s stock.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 2,500 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $401.21, for a total value of $1,003,025.00. Following the sale, the chief executive officer now directly owns 4,057 shares of the company’s stock, valued at $1,627,708.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other FactSet Research Systems news, EVP Robert J. Robie sold 2,800 shares of the stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $424.50, for a total value of $1,188,600.00. Following the sale, the executive vice president now directly owns 598 shares of the company’s stock, valued at $253,851. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick Philip Snow sold 2,500 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $401.21, for a total value of $1,003,025.00. Following the completion of the sale, the chief executive officer now directly owns 4,057 shares in the company, valued at $1,627,708.97. The disclosure for this sale can be found here. Insiders have sold 7,800 shares of company stock valued at $3,261,475 over the last three months. Company insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FDS shares. Deutsche Bank Aktiengesellschaft decreased their price target on FactSet Research Systems from $507.00 to $483.00 and set a “buy” rating for the company in a report on Friday, September 23rd. StockNews.com initiated coverage on FactSet Research Systems in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley reduced their target price on FactSet Research Systems from $338.00 to $335.00 and set an “underweight” rating for the company in a research note on Friday, September 23rd. Finally, Royal Bank of Canada increased their target price on FactSet Research Systems from $475.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $418.38.

FactSet Research Systems Stock Performance

FDS stock opened at $437.77 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.49. The firm has a market cap of $16.68 billion, a P/E ratio of 42.71, a P/E/G ratio of 2.96 and a beta of 0.78. FactSet Research Systems Inc. has a 12-month low of $345.92 and a 12-month high of $495.39. The stock’s 50 day simple moving average is $418.90 and its 200 day simple moving average is $406.72.

FactSet Research Systems (NYSE:FDSGet Rating) last posted its quarterly earnings results on Thursday, September 22nd. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.25 by ($0.12). The firm had revenue of $499.30 million for the quarter, compared to analyst estimates of $487.95 million. FactSet Research Systems had a net margin of 21.53% and a return on equity of 42.27%. The business’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.88 earnings per share. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 14.77 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 34.73%.

FactSet Research Systems Company Profile

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FactSet Research Systems Inc, a financial data and analytics 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.

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

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