Private Advisor Group LLC Lowers Stake in FactSet Research Systems Inc. (NYSE:FDS)

Private Advisor Group LLC lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 3.2% in the third quarter, Holdings Channel reports. The institutional investor owned 1,712 shares of the business services provider’s stock after selling 57 shares during the period. Private Advisor Group LLC’s holdings in FactSet Research Systems were worth $787,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FDS. Argent Trust Co lifted its holdings in shares of FactSet Research Systems by 2.1% during the 2nd quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock valued at $536,000 after purchasing an additional 27 shares during the last quarter. Legacy Financial Advisors Inc. lifted its holdings in shares of FactSet Research Systems by 4.0% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 32 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of FactSet Research Systems by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 8,407 shares of the business services provider’s stock valued at $3,820,000 after purchasing an additional 34 shares during the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of FactSet Research Systems by 4.8% during the 2nd quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider’s stock valued at $300,000 after purchasing an additional 34 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of FactSet Research Systems by 2.0% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 1,861 shares of the business services provider’s stock valued at $856,000 after purchasing an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Activity

In other news, insider Catrina Harding sold 453 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $407.96, for a total transaction of $184,805.88. Following the sale, the insider now directly owns 760 shares in the company, valued at $310,049.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Catrina Harding sold 453 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $407.96, for a total transaction of $184,805.88. Following the sale, the insider now directly owns 760 shares in the company, valued at $310,049.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were 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 owns 12,987 shares in the company, valued at $5,910,253.83. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,815 shares of company stock worth $11,635,501 in the last ninety days. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FDS opened at $458.80 on Friday. The business’s 50-day moving average is $449.81 and its two-hundred day moving average is $429.88. The company has a market capitalization of $17.43 billion, a P/E ratio of 33.01, a P/E/G ratio of 3.00 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.79 and a current ratio of 1.25. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. The company had revenue of $562.20 million for 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%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $2.93 EPS. Research analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business 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. This represents a $4.16 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Royal Bank of Canada increased their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a report on Friday, September 20th. UBS Group upped their target price 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. Evercore ISI started coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. Five investment 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, the company has an average rating of “Hold” and an average price target of $443.57.

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.