Sequoia Financial Advisors LLC Sells 215 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Sequoia Financial Advisors LLC cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 19.9% in the 3rd quarter, Holdings Channel reports. The firm owned 866 shares of the business services provider’s stock after selling 215 shares during the period. Sequoia Financial Advisors LLC’s holdings in FactSet Research Systems were worth $398,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FDS. Whittier Trust Co. of Nevada Inc. lifted its holdings in FactSet Research Systems by 4.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 9,884 shares of the business services provider’s stock worth $4,545,000 after buying an additional 459 shares during the period. Whittier Trust Co. raised its position in shares of FactSet Research Systems by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 18,844 shares of the business services provider’s stock worth $8,665,000 after acquiring an additional 806 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of FactSet Research Systems by 94.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,509 shares of the business services provider’s stock valued at $1,614,000 after purchasing an additional 1,708 shares during the period. Raymond James & Associates boosted its position in shares of FactSet Research Systems by 4.8% during the third quarter. Raymond James & Associates now owns 116,556 shares of the business services provider’s stock valued at $53,598,000 after purchasing an additional 5,381 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in FactSet Research Systems by 64.0% in the third quarter. Blue Trust Inc. now owns 228 shares of the business services provider’s stock worth $105,000 after purchasing an additional 89 shares during the period. Institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total value of $1,238,250.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,330,666.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the sale, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,330,666.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,362 shares of company stock worth $12,688,945. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

FDS has been the topic of a number of research reports. Evercore ISI started coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Royal Bank of Canada boosted their price target on FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Finally, UBS Group raised their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Five equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $443.57.

FactSet Research Systems Stock Down 0.4 %

FDS stock opened at $454.94 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The stock has a market capitalization of $17.31 billion, a P/E ratio of 32.73, a P/E/G ratio of 3.08 and a beta of 0.75. The business has a fifty day moving average price of $445.18 and a 200-day moving average price of $428.83.

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 the consensus estimate 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 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 business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

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.