KBC Group NV Sells 2,239 Shares of FactSet Research Systems Inc. (NYSE:FDS)

KBC Group NV lessened its stake in FactSet Research Systems Inc. (NYSE:FDS) by 24.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,948 shares of the business services provider’s stock after selling 2,239 shares during the quarter. KBC Group NV’s holdings in FactSet Research Systems were worth $3,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of FDS. Catalyst Capital Advisors LLC bought a new stake in shares of FactSet Research Systems during the third quarter valued at approximately $26,000. UMB Bank n.a. lifted its holdings in shares of FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC increased its holdings in FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 60 shares in the last quarter. Quest Partners LLC raised its position 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 worth $28,000 after buying an additional 67 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of FactSet Research Systems during the 3rd quarter valued at about $34,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. BMO Capital Markets upped their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research report on Friday. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Friday. UBS Group increased their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Stifel Nicolaus upped their target price 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. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $450.00.

FactSet Research Systems Stock Down 2.4 %

FDS opened at $483.90 on Monday. The firm’s fifty day moving average is $461.60 and its 200 day moving average is $433.79. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The stock has a market cap of $18.38 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75. 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 (NYSE:FDS) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping the consensus estimate of $3.62 by $0.12. The firm had revenue of $562.20 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.93 earnings per share. On average, sell-side analysts forecast 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. Investors of record on Friday, November 29th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s payout ratio is presently 29.93%.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This trade represents a 18.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction 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 disclosure for this sale can be found here. Over the last three months, insiders sold 26,984 shares of company stock valued at $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.