Avior Wealth Management LLC Has $556,000 Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Avior Wealth Management LLC lessened its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 11.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,209 shares of the business services provider’s stock after selling 163 shares during the quarter. Avior Wealth Management LLC’s holdings in FactSet Research Systems were worth $556,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in FactSet Research Systems by 2,873.9% during the second quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock worth $48,822,000 after buying an additional 115,561 shares during the last quarter. PineStone Asset Management Inc. lifted its stake in shares of FactSet Research Systems by 53.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after purchasing an additional 94,952 shares during the period. International Assets Investment Management LLC bought a new stake in shares of FactSet Research Systems during the 3rd quarter valued at about $38,909,000. Dimensional Fund Advisors LP grew its stake in FactSet Research Systems by 21.5% during the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after purchasing an additional 41,717 shares during the period. Finally, Boston Trust Walden Corp increased its holdings in FactSet Research Systems by 9.3% in the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after purchasing an additional 25,294 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on FDS shares. Redburn Atlantic cut 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 report on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, November 15th. Stifel Nicolaus upped their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. 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 note on Friday, November 15th. Finally, Wells Fargo & Company upped their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $450.00.

FactSet Research Systems Trading Up 2.3 %

Shares of FactSet Research Systems stock opened at $485.51 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $465.20 and a 200 day simple moving average of $435.23. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a market capitalization of $18.44 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 3.09 and a beta of 0.75.

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. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. 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 company posted $2.93 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 yield of 0.86%. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This represents a 18.85 % 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, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of 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 sold 26,984 shares of company stock worth $12,230,877 in the last quarter. 1.10% of the stock is currently owned by company insiders.

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.