Nations Financial Group Inc. IA ADV Takes $275,000 Position in FactSet Research Systems Inc. (NYSE:FDS)

Nations Financial Group Inc. IA ADV acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 598 shares of the business services provider’s stock, valued at approximately $275,000.

Several other large investors also recently made changes to their positions in FDS. Catalyst Capital Advisors LLC acquired a new position in shares of FactSet Research Systems in the third quarter worth about $26,000. UMB Bank n.a. boosted its holdings in shares of FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after buying an additional 39 shares during the period. Crewe Advisors LLC boosted its holdings in shares of FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 60 shares during the period. Quest Partners LLC boosted its holdings 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 worth $28,000 after buying an additional 67 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of FactSet Research Systems in the third quarter worth about $34,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 1.0 %

Shares of FactSet Research Systems stock opened at $495.51 on Friday. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The stock has a market cap of $18.82 billion, a P/E ratio of 35.65, a P/E/G ratio of 3.20 and a beta of 0.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $460.40 and its 200-day moving average is $433.15.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share 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 business had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter in the prior year, the business earned $2.93 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.93%.

Insider Transactions at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 23,515 shares of the company’s stock, valued at $10,726,367.25. This trade represents a 37.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the sale, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,984 shares of company stock valued at $12,230,877. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FDS shares. UBS Group increased 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. Royal Bank of Canada increased their price target 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. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Stifel Nicolaus raised 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. Finally, Evercore ISI started coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently 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.