Brooklyn Investment Group Takes Position in FactSet Research Systems Inc. (NYSE:FDS)

Brooklyn Investment Group acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 76 shares of the business services provider’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at approximately $26,000. UMB Bank n.a. grew its position in shares of FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares during the period. Crewe Advisors LLC grew its position in shares of FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the period. Quest Partners LLC grew its position in shares of FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at approximately $34,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on FDS. Wells Fargo & Company upped their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. BMO Capital Markets upped their price target on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Evercore ISI began coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target for the company. Stifel Nicolaus upped their price target on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Finally, UBS Group upped their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $450.00.

FactSet Research Systems Stock Up 0.6 %

FDS opened at $491.44 on Friday. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. The stock’s fifty day simple moving average is $468.88 and its 200 day simple moving average is $437.09. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock has a market cap of $18.67 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 3.14 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last posted 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. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter in the prior year, the business earned $2.93 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

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

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now owns 299 shares in the company, valued at $143,819. This trade represents a 84.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the executive vice president now owns 23,515 shares in the company, 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. In the last quarter, insiders have sold 26,984 shares of company stock worth $12,230,877. Company insiders own 1.10% of the company’s stock.

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.