FactSet Research Systems Inc. (NYSE:FDS) Stake Lifted by FORA Capital LLC

FORA Capital LLC boosted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,137 shares of the business services provider’s stock after purchasing an additional 77 shares during the period. FORA Capital LLC’s holdings in FactSet Research Systems were worth $2,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of FactSet Research Systems in the 3rd quarter worth about $26,000. UMB Bank n.a. increased its stake in shares of FactSet Research Systems by 144.4% in the second 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 raised its holdings in shares of FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 60 shares during the last quarter. Quest Partners LLC raised its holdings in shares of FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Finally, Gladius Capital Management LP bought a new position in FactSet Research Systems in the 2nd quarter worth approximately $33,000. 91.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on FDS. UBS Group raised their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Wells Fargo & Company lifted their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Evercore ISI started coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Finally, Stifel Nicolaus upped their price target 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. 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $450.00.

Insider Buying and Selling

In other FactSet Research Systems news, Director James J. Mcgonigle sold 5,410 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.83, for a total value of $2,471,450.30. Following the completion of the sale, the director now owns 5,283 shares in the company, valued at $2,413,432.89. This represents a 50.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Costigan sold 1,622 shares of the business’s 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 transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,984 shares of company stock valued at $12,230,877. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

Shares of NYSE:FDS traded down $0.69 on Wednesday, reaching $490.29. 20,856 shares of the company traded hands, compared to its average volume of 261,923. The stock has a market capitalization of $18.63 billion, a PE ratio of 35.32, a P/E/G ratio of 3.15 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The company’s 50 day moving average is $466.79 and its 200-day moving average is $435.99. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating the consensus estimate of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. FactSet Research Systems’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.93 earnings per share. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.85%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

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.