Crossmark Global Holdings Inc. Cuts Position in FactSet Research Systems Inc. (NYSE:FDS)

Crossmark Global Holdings Inc. lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 20.1% in the third quarter, Holdings Channel reports. The firm owned 2,426 shares of the business services provider’s stock after selling 612 shares during the period. Crossmark Global Holdings Inc.’s holdings in FactSet Research Systems were worth $1,115,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in FactSet Research Systems during the third quarter worth approximately $26,000. UMB Bank n.a. lifted its holdings in shares of FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC boosted its position in FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 60 shares during the period. Quest Partners LLC increased its holdings in FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Finally, Gladius Capital Management LP purchased a new position in FactSet Research Systems in the second quarter valued at about $33,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FDS shares. Royal Bank of Canada increased their target price on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Evercore ISI assumed 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 objective on the stock. Wells Fargo & Company boosted their target price 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. Stifel Nicolaus raised their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. Finally, Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat, FactSet Research Systems has a consensus rating of “Hold” and an average price target of $443.57.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total value of $1,365,270.00. Following the sale, the chief executive officer now directly owns 12,987 shares in the company, valued at approximately $5,910,253.83. This trade represents a 18.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,984 shares of company stock worth $12,230,877 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

FactSet Research Systems Stock Performance

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

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating the consensus estimate of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.93 EPS. Equities research analysts forecast that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

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

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.