SG Americas Securities LLC Has $1.65 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

SG Americas Securities LLC lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 59.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,595 shares of the business services provider’s stock after selling 5,262 shares during the quarter. SG Americas Securities LLC’s holdings in FactSet Research Systems were worth $1,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FDS. Mission Wealth Management LP boosted its stake in FactSet Research Systems by 0.7% in the first quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider’s stock valued at $1,536,000 after buying an additional 24 shares in the last quarter. Procyon Advisors LLC boosted its stake in shares of FactSet Research Systems by 0.4% in the 1st quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock valued at $2,948,000 after purchasing an additional 27 shares in the last quarter. Argent Trust Co grew 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. increased its position in 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 worth $341,000 after purchasing an additional 32 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in FactSet Research Systems by 0.4% in 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. Institutional investors own 91.24% of the company’s stock.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Tuesday, October 1st. The stock was 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 in the company, valued at approximately $5,910,253.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 12,987 shares in the company, valued at approximately $5,910,253.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James J. Mcgonigle sold 5,410 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the transaction, the director now directly owns 5,283 shares in the company, valued at approximately $2,413,432.89. This represents a 0.00 % decrease in their position. 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 three months. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Up 1.6 %

FactSet Research Systems stock opened at $456.87 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $17.38 billion, a PE ratio of 34.45, a PEG ratio of 3.11 and a beta of 0.75. The firm’s fifty day moving average is $430.21 and its 200 day moving average is $426.85. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same period in the prior year, the business earned $2.93 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 17.16 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems’s dividend payout ratio is currently 31.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FDS shares. BMO Capital Markets upped their target price on FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a report on Monday, June 24th. UBS Group boosted their target price on shares of FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Stifel Nicolaus raised 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 note on Friday, September 20th. Finally, Royal Bank of Canada boosted their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $448.46.

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.