Atria Investments Inc Grows Stake in FactSet Research Systems Inc. (NYSE:FDS)

Atria Investments Inc grew its holdings in FactSet Research Systems Inc. (NYSE:FDSFree Report) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,610 shares of the business services provider’s stock after purchasing an additional 277 shares during the quarter. Atria Investments Inc’s holdings in FactSet Research Systems were worth $6,389,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Jump Financial LLC grew its holdings in FactSet Research Systems by 387.6% during the 3rd quarter. Jump Financial LLC now owns 3,501 shares of the business services provider’s stock valued at $1,531,000 after buying an additional 2,783 shares during the last quarter. abrdn plc boosted its stake in shares of FactSet Research Systems by 4.9% during the third quarter. abrdn plc now owns 58,681 shares of the business services provider’s stock valued at $25,659,000 after acquiring an additional 2,758 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of FactSet Research Systems by 671.0% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock valued at $106,617,000 after acquiring an additional 212,204 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in FactSet Research Systems by 6.8% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 17,509 shares of the business services provider’s stock worth $7,656,000 after purchasing an additional 1,121 shares in the last quarter. Finally, AdvisorShares Investments LLC raised its stake in FactSet Research Systems by 6.1% in the 3rd quarter. AdvisorShares Investments LLC now owns 6,432 shares of the business services provider’s stock valued at $2,812,000 after purchasing an additional 368 shares during the last quarter. 89.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FactSet Research Systems

In other news, CTO Katherine M. Stepp sold 1,014 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $469.25, for a total transaction of $475,819.50. Following the completion of the transaction, the chief technology officer now directly owns 687 shares of the company’s stock, valued at $322,374.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CTO Katherine M. Stepp sold 1,014 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $469.25, for a total value of $475,819.50. Following the sale, the chief technology officer now owns 687 shares of the company’s stock, valued at approximately $322,374.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 9,291 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $450.76, for a total transaction of $4,188,011.16. Following the completion of the sale, the executive vice president now owns 23,433 shares in the company, valued at approximately $10,562,659.08. The disclosure for this sale can be found here. Insiders sold a total of 16,176 shares of company stock valued at $7,349,826 in the last quarter. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FDS shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a report on Wednesday, December 20th. StockNews.com assumed coverage on FactSet Research Systems in a report on Thursday, October 5th. They issued a “hold” rating for the company. Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $436.00 to $469.00 and gave the stock a “hold” rating in a report on Wednesday, December 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $480.00 price objective (up from $471.00) on shares of FactSet Research Systems in a research note on Friday, December 8th. Finally, BMO Capital Markets boosted their price target on FactSet Research Systems from $436.00 to $447.00 and gave the company a “market perform” rating in a research report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $434.25.

Check Out Our Latest Stock Analysis on FactSet Research Systems

FactSet Research Systems Stock Up 1.4 %

NYSE:FDS opened at $479.33 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $18.26 billion, a price-to-earnings ratio of 38.78, a price-to-earnings-growth ratio of 2.91 and a beta of 0.76. FactSet Research Systems Inc. has a one year low of $377.89 and a one year high of $479.70. The stock has a 50-day simple moving average of $461.17 and a 200 day simple moving average of $445.02.

FactSet Research Systems (NYSE:FDSGet Free Report) last issued its earnings results on Tuesday, December 19th. The business services provider reported $4.12 EPS for the quarter, topping the consensus estimate of $4.10 by $0.02. The company had revenue of $542.20 million during the quarter, compared to analyst estimates of $540.34 million. FactSet Research Systems had a return on equity of 34.47% and a net margin of 22.60%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.99 EPS. Sell-side analysts predict that FactSet Research Systems Inc. will post 15.76 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.72%.

About FactSet Research Systems

(Free Report)

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.

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

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