Verition Fund Management LLC Purchases New Position in FactSet Research Systems Inc. (NYSE:FDS)

Verition Fund Management LLC purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 12,818 shares of the business services provider’s stock, valued at approximately $5,894,000.

A number of other large investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. raised its position in shares of FactSet Research Systems by 53.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 744 shares of the business services provider’s stock valued at $325,000 after buying an additional 258 shares in the last quarter. Tidal Investments LLC raised its position in FactSet Research Systems by 225.1% in the 1st quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock worth $1,065,000 after purchasing an additional 1,623 shares during the period. Swedbank AB purchased a new position in shares of FactSet Research Systems during the first quarter valued at approximately $84,000. Cetera Investment Advisers grew its stake in shares of FactSet Research Systems by 214.5% during the first quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after buying an additional 3,683 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in shares of FactSet Research Systems in the first quarter worth approximately $202,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

FDS opened at $489.47 on Tuesday. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The firm has a market capitalization of $18.59 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 3.15 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The business’s 50-day moving average is $469.38 and its two-hundred day moving average is $437.36.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $547.06 million. During the same period in the prior year, the company posted $2.93 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Research analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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

Insider Buying and Selling at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the company’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 owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at $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 quarter, insiders have sold 23,984 shares of company stock worth $10,981,107. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FDS has been the topic of several research analyst reports. 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 objective on the stock. 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 report on Friday, September 20th. Stifel Nicolaus boosted 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. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, UBS Group boosted their price target on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Five research 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.com, the company currently has an average rating of “Hold” and a consensus target price of $450.00.

FactSet Research Systems 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.