Raymond James & Associates Acquires 5,381 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Raymond James & Associates raised its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 4.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,556 shares of the business services provider’s stock after purchasing an additional 5,381 shares during the quarter. Raymond James & Associates owned 0.31% of FactSet Research Systems worth $53,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in FactSet Research Systems by 64.0% during the third quarter. Blue Trust Inc. now owns 228 shares of the business services provider’s stock worth $105,000 after buying an additional 89 shares during the last quarter. M3 Advisory Group LLC bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at approximately $245,000. Claro Advisors LLC purchased a new stake in shares of FactSet Research Systems during the 3rd quarter worth approximately $7,473,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of FactSet Research Systems by 1.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,820 shares of the business services provider’s stock worth $1,757,000 after purchasing an additional 69 shares during the last quarter. Finally, Marshall Financial Group LLC raised its holdings in shares of FactSet Research Systems by 1.6% in the 3rd quarter. Marshall Financial Group LLC now owns 2,588 shares of the business services provider’s stock worth $1,190,000 after purchasing an additional 40 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

Shares of FDS opened at $468.83 on Tuesday. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $488.64. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65. The company has a market cap of $17.83 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 3.01 and a beta of 0.75. The stock has a 50-day moving average price of $439.44 and a 200-day moving average price of $427.89.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.93 EPS. As a group, equities analysts forecast 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 was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a dividend of $1.04 per share. The ex-dividend date was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.89%. FactSet Research Systems’s payout ratio is 31.37%.

Insiders Place Their Bets

In other news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the transaction, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,330,666.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were 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 directly owns 23,515 shares in the company, valued at $10,726,367.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,362 shares of company stock valued at $12,688,945 over the last 90 days. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

FDS has been the subject of several research reports. UBS Group increased their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price target for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Royal Bank of Canada boosted their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Wells Fargo & Company increased their target price on shares of 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. Finally, Stifel Nicolaus boosted their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $443.57.

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.