Quarry LP Has $34,000 Position in FactSet Research Systems Inc. (NYSE:FDS)

Quarry LP lessened its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 51.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 74 shares of the business services provider’s stock after selling 78 shares during the quarter. Quarry LP’s holdings in FactSet Research Systems were worth $34,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Catalyst Capital Advisors LLC bought a new position in shares of FactSet Research Systems during the third quarter worth approximately $26,000. UMB Bank n.a. grew its position in FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC increased its stake in FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares during the period. Quest Partners LLC raised its holdings in 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 acquiring an additional 67 shares in the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of FactSet Research Systems during the 2nd quarter valued at $33,000. Institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling

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

FactSet Research Systems Trading Up 1.2 %

Shares of FDS stock opened at $489.82 on Thursday. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The stock’s fifty day simple moving average is $473.22 and its 200 day simple moving average is $439.56. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $18.61 billion, a P/E ratio of 35.24, a P/E/G ratio of 3.08 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data 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 return on equity of 34.77% and a net margin of 24.38%. The company had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. UBS Group boosted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, November 15th. BMO Capital Markets boosted their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company raised their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and a consensus target price of $447.69.

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.