Hendershot Investments Inc. Sells 52 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Hendershot Investments Inc. reduced its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,204 shares of the business services provider’s stock after selling 52 shares during the period. Hendershot Investments Inc.’s holdings in FactSet Research Systems were worth $5,612,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Cetera Investment Advisers lifted its position 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 valued at $2,454,000 after purchasing an additional 3,683 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of FactSet Research Systems during the 1st quarter valued at approximately $202,000. QRG Capital Management Inc. increased its holdings in FactSet Research Systems by 6.0% in the 2nd quarter. QRG Capital Management Inc. now owns 1,058 shares of the business services provider’s stock worth $432,000 after acquiring an additional 60 shares in the last quarter. SG Americas Securities LLC raised its stake in FactSet Research Systems by 49.5% during the 2nd quarter. SG Americas Securities LLC now owns 8,857 shares of the business services provider’s stock worth $3,616,000 after acquiring an additional 2,934 shares during the period. Finally, Czech National Bank lifted its holdings in FactSet Research Systems by 8.3% during the second quarter. Czech National Bank now owns 7,263 shares of the business services provider’s stock valued at $2,965,000 after purchasing an additional 557 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FDS. Stifel Nicolaus increased their price objective 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. BMO Capital Markets raised their price target on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems 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 target price for the company. Finally, Wells Fargo & Company boosted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $450.00.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the sale, the chief executive officer now directly owns 12,987 shares of the company’s stock, valued at $5,910,253.83. This represents a 18.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,984 shares of company stock worth $10,981,107. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

FDS stock opened at $479.97 on Friday. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The firm has a market capitalization of $18.23 billion, a P/E ratio of 34.53, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76. The company has a fifty day simple moving average of $471.63 and a two-hundred day simple moving average of $438.72. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65.

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

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

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.