FactSet Research Systems Inc. (NYSE:FDS) Stake Boosted by Cerity Partners LLC

Cerity Partners LLC grew its position in FactSet Research Systems Inc. (NYSE:FDS) by 164.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,124 shares of the business services provider’s stock after purchasing an additional 3,183 shares during the period. Cerity Partners LLC’s holdings in FactSet Research Systems were worth $2,356,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FDS. Raymond James Trust N.A. raised its stake in shares of FactSet Research Systems by 2.3% in the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after buying an additional 21 shares in the last quarter. Andina Capital Management LLC raised its holdings in shares of FactSet Research Systems by 3.8% during the third quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock worth $329,000 after acquiring an additional 26 shares in the last quarter. Argent Trust Co grew its stake in shares of FactSet Research Systems by 2.1% in the 2nd quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock valued at $536,000 after buying an additional 27 shares in the last quarter. Legacy Financial Advisors Inc. increased its stake in shares of 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 during the last quarter. Finally, HBK Sorce Advisory LLC lifted its position in shares of FactSet Research Systems by 4.8% in the second quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider’s stock worth $300,000 after buying an additional 34 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

FDS has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, November 15th. Evercore ISI began coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective on the stock. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price target for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Wells Fargo & Company upped their price target on shares of 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. Finally, Stifel Nicolaus boosted their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Five 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 stock currently has an average rating of “Hold” and an average target price of $450.00.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $490.67 on Monday. The company’s 50 day moving average price is $469.38 and its two-hundred day moving average price is $437.42. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a market capitalization of $18.64 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 3.15 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share 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 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 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.93%.

Insider Activity at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This represents a 18.85 % 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, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was 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 directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. This represents a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,984 shares of company stock worth $12,230,877. Insiders own 1.10% 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.