Vontobel Holding Ltd. Grows Position in FactSet Research Systems Inc. (NYSE:FDS)

Vontobel Holding Ltd. raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 10.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,323 shares of the business services provider’s stock after acquiring an additional 125 shares during the quarter. Vontobel Holding Ltd.’s holdings in FactSet Research Systems were worth $608,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SteelPeak Wealth LLC lifted its position in shares of FactSet Research Systems by 134.1% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock worth $1,073,000 after purchasing an additional 1,506 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of FactSet Research Systems by 3.1% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock worth $20,321,000 after acquiring an additional 1,389 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of FactSet Research Systems by 214.5% during the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock worth $2,454,000 after acquiring an additional 3,683 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of FactSet Research Systems by 22.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider’s stock valued at $7,223,000 after acquiring an additional 2,920 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of FactSet Research Systems by 34.4% during the 1st quarter. Russell Investments Group Ltd. now owns 43,978 shares of the business services provider’s stock worth $19,959,000 after acquiring an additional 11,257 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 0.6 %

Shares of FactSet Research Systems stock opened at $468.83 on Tuesday. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64. The company has a market cap of $17.83 billion, a P/E ratio of 35.36, a PEG ratio of 3.01 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. The firm has a fifty day moving average of $439.44 and a two-hundred day moving average of $427.89.

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 (EPS) for the quarter, topping 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 firm had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same period 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, analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors 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 yield of 0.89%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

Wall Street Analyst Weigh In

FDS has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price target 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. BMO Capital Markets increased their target price on shares of FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Morgan Stanley boosted their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research report on Monday, June 24th. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, UBS Group boosted their target price on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $443.57.

Insiders Place Their Bets

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on 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 approximately $5,330,666.25. 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 accessible through the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the sale, the executive vice president now owns 23,515 shares in the company, valued at approximately $10,726,367.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,362 shares of company stock worth $12,688,945. 1.00% of the stock is owned by corporate 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.