Private Advisor Group LLC Sells 57 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Private Advisor Group LLC cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,712 shares of the business services provider’s stock after selling 57 shares during the quarter. Private Advisor Group LLC’s holdings in FactSet Research Systems were worth $787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FDS. Whittier Trust Co. of Nevada Inc. grew its position in shares of FactSet Research Systems by 4.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 9,884 shares of the business services provider’s stock valued at $4,545,000 after purchasing an additional 459 shares in the last quarter. Whittier Trust Co. grew its position in shares of FactSet Research Systems by 4.5% during the third quarter. Whittier Trust Co. now owns 18,844 shares of the business services provider’s stock valued at $8,665,000 after purchasing an additional 806 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of FactSet Research Systems by 94.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,509 shares of the business services provider’s stock valued at $1,614,000 after purchasing an additional 1,708 shares in the last quarter. Raymond James & Associates grew its position in shares of FactSet Research Systems by 4.8% during the third quarter. Raymond James & Associates now owns 116,556 shares of the business services provider’s stock valued at $53,598,000 after purchasing an additional 5,381 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of FactSet Research Systems by 64.0% during the third quarter. Blue Trust Inc. now owns 228 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 89 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Trading Up 1.0 %

FDS opened at $458.80 on Friday. The stock has a market cap of $17.43 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 3.00 and a beta of 0.75. The stock’s 50 day moving average price is $449.81 and its 200-day moving average price is $429.88. FactSet Research Systems Inc. has a one year low of $391.84 and a one year 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 analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.93 earnings per share. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were issued a $1.04 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. FactSet Research Systems’s payout ratio is 29.93%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FDS shares. Stifel Nicolaus raised their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. 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. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. BMO Capital Markets lifted their price target on FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Finally, Evercore ISI initiated coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target for the company. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $443.57.

Insider Activity at FactSet Research Systems

In related news, insider Catrina Harding sold 453 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $407.96, for a total value of $184,805.88. Following the completion of the sale, the insider now owns 760 shares in the company, valued at approximately $310,049.60. 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. In related news, Director James J. Mcgonigle sold 5,410 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the completion of the sale, the director now owns 5,283 shares in the company, valued at approximately $2,413,432.89. 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, insider Catrina Harding sold 453 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $407.96, for a total value of $184,805.88. Following the completion of the sale, the insider now owns 760 shares of the company’s stock, valued at $310,049.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,815 shares of company stock worth $11,635,501. Company insiders own 1.00% of the company’s stock.

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.