Exchange Traded Concepts LLC Acquires 128 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Exchange Traded Concepts LLC grew its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 581.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 150 shares of the business services provider’s stock after purchasing an additional 128 shares during the quarter. Exchange Traded Concepts LLC’s holdings in FactSet Research Systems were worth $69,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after acquiring an additional 39 shares during the last quarter. Crewe Advisors LLC boosted its stake in FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares during the last quarter. Quest Partners LLC raised its holdings in FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares during the period. Gladius Capital Management LP acquired a new stake in FactSet Research Systems during the 2nd quarter worth approximately $33,000. Finally, SJS Investment Consulting Inc. raised its holdings in FactSet Research Systems by 300.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock worth $36,000 after buying an additional 66 shares during the period. Institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

FDS has been the topic of several research analyst reports. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Stifel Nicolaus boosted their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Wells Fargo & Company boosted 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 report on Friday, September 20th. Finally, Evercore ISI began coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $443.57.

FactSet Research Systems Trading Down 0.3 %

Shares of FactSet Research Systems stock opened at $463.77 on Thursday. The firm has a 50-day moving average of $442.15 and a 200-day moving average of $428.36. The stock has a market cap of $17.64 billion, a PE ratio of 34.98, a PEG ratio of 3.01 and a beta of 0.75. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $488.64. 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 (NYSE:FDS) last released 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. The firm had revenue of $562.20 million for the quarter, compared to analyst estimates 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 period last year, the firm earned $2.93 EPS. As a group, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were paid a $1.04 dividend. The ex-dividend date was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is 31.37%.

Insider Buying and Selling at FactSet Research Systems

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

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.