Quantbot Technologies LP Sells 686 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Quantbot Technologies LP trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 9.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,633 shares of the business services provider’s stock after selling 686 shares during the quarter. Quantbot Technologies LP’s holdings in FactSet Research Systems were worth $3,050,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. SteelPeak Wealth LLC grew its holdings in 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 valued at $1,073,000 after purchasing an additional 1,506 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in FactSet Research Systems by 3.1% in the 2nd 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 acquiring an additional 1,389 shares in the last quarter. Cetera Investment Advisers grew its stake in FactSet Research Systems by 214.5% in the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock worth $2,454,000 after acquiring an additional 3,683 shares in the last quarter. Tidal Investments LLC grew its stake 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 worth $1,065,000 after acquiring an additional 1,623 shares in the last quarter. Finally, Jensen Investment Management Inc. grew its stake in FactSet Research Systems by 11.6% in the 3rd quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider’s stock worth $5,518,000 after acquiring an additional 1,250 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, November 15th. Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. UBS Group upped their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. BMO Capital Markets upped their target price on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Finally, Evercore ISI assumed coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective on the stock. Five research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $450.00.

FactSet Research Systems Trading Down 0.4 %

NYSE FDS opened at $489.23 on Thursday. The company has a market capitalization of $18.59 billion, a PE ratio of 35.20, a P/E/G ratio of 3.15 and a beta of 0.75. The company has a fifty day moving average of $467.64 and a 200 day moving average of $436.36. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25.

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

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a yield of 0.85%. FactSet Research Systems’s payout ratio is 29.93%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the transaction, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,984 shares of company stock valued at $12,230,877. Corporate insiders own 1.10% of the company’s stock.

About FactSet Research Systems

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.