84,612 Shares in FactSet Research Systems Inc. (NYSE:FDS) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 84,612 shares of the business services provider’s stock, valued at approximately $38,909,000. International Assets Investment Management LLC owned about 0.22% of FactSet Research Systems as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of FactSet Research Systems by 11.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,097 shares of the business services provider’s stock valued at $953,000 after purchasing an additional 213 shares in the last quarter. Norden Group LLC lifted its position in FactSet Research Systems by 1,844.5% during the first quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock valued at $20,761,000 after buying an additional 43,346 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in FactSet Research Systems by 27.9% during the first quarter. First Trust Direct Indexing L.P. now owns 898 shares of the business services provider’s stock worth $408,000 after buying an additional 196 shares during the period. Marshall Financial Group LLC increased its position in shares of FactSet Research Systems by 8.0% in the first quarter. Marshall Financial Group LLC now owns 2,462 shares of the business services provider’s stock worth $1,119,000 after acquiring an additional 183 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of FactSet Research Systems by 5.8% in the 1st quarter. Van ECK Associates Corp now owns 6,973 shares of the business services provider’s stock valued at $3,168,000 after acquiring an additional 384 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Up 1.0 %

FactSet Research Systems stock opened at $459.31 on Tuesday. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The firm’s 50-day moving average is $446.10 and its 200-day moving average is $429.06. 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 company has a market cap of $17.47 billion, a P/E ratio of 33.04, a PEG ratio of 3.08 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping 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 net margin of 24.38% and a return on equity of 34.77%. FactSet Research Systems’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $2.93 earnings per share. On average, equities analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction 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 $5,330,666.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James J. Mcgonigle sold 5,410 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the sale, the director now owns 5,283 shares in the company, valued at $2,413,432.89. 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 valued at $12,688,945 over the last three months. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank of Canada increased 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. Evercore ISI initiated coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target on the stock. Stifel Nicolaus upped their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. BMO Capital Markets lifted their target price 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, Wells Fargo & Company raised their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $443.57.

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.