Creative Planning Sells 258 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Creative Planning lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,601 shares of the business services provider’s stock after selling 258 shares during the quarter. Creative Planning’s holdings in FactSet Research Systems were worth $1,656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDS. UMB Bank n.a. grew its stake in FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after buying an additional 39 shares during the last quarter. Crewe Advisors LLC boosted its holdings in FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 60 shares during the period. Quest Partners LLC grew its position in shares of FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Gladius Capital Management LP bought a new position in shares of FactSet Research Systems in the second quarter worth about $33,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of 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 purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $460.09 on Wednesday. The business has a 50 day simple moving average of $447.06 and a 200 day simple moving average of $429.30. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79. The company has a market capitalization of $17.50 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 3.08 and a beta of 0.75. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating 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 company had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same period last year, the business earned $2.93 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.93%.

Insider Transactions at FactSet Research Systems

In related news, insider Catrina Harding sold 453 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $407.96, for a total transaction of $184,805.88. Following the completion of the sale, the insider now directly owns 760 shares of the company’s stock, valued at $310,049.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,330,666.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Catrina Harding sold 453 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,815 shares of company stock valued at $12,873,751 in the last three months. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Royal Bank of Canada boosted their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Stifel Nicolaus upped their target price 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. UBS Group raised their price target on shares of FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their target price for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and an average target price of $443.57.

FactSet Research Systems Company 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.