FactSet Research Systems Inc. (NYSE:FDS) Shares Acquired by Quest Partners LLC

Quest Partners LLC grew its position in FactSet Research Systems Inc. (NYSE:FDS) by 560.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449 shares of the business services provider’s stock after purchasing an additional 381 shares during the period. Quest Partners LLC’s holdings in FactSet Research Systems were worth $206,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ninety One UK Ltd lifted its position in FactSet Research Systems by 0.9% during the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock worth $496,645,000 after acquiring an additional 10,928 shares in the last quarter. Boston Trust Walden Corp lifted its position in FactSet Research Systems by 9.3% during the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after acquiring an additional 25,294 shares in the last quarter. PineStone Asset Management Inc. lifted its position in FactSet Research Systems by 0.4% during the 3rd quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider’s stock worth $126,000,000 after acquiring an additional 1,030 shares in the last quarter. Tandem Investment Advisors Inc. increased its holdings in FactSet Research Systems by 1.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock worth $102,079,000 after purchasing an additional 3,485 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in FactSet Research Systems by 21.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after purchasing an additional 41,717 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Trading Down 0.4 %

FDS stock opened at $489.23 on Thursday. The company has a market cap of $18.59 billion, a P/E ratio of 35.11, a PEG ratio of 3.15 and a beta of 0.75. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. 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 has a fifty day moving average of $467.64 and a 200-day moving average of $436.36.

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

FactSet Research Systems Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.85%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. BMO Capital Markets lifted their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Evercore ISI began coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective on the stock. Stifel Nicolaus boosted their price target on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. 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 equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $450.00.

Insider Buying and Selling

In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was 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 $5,910,253.83. The trade was a 18.77 % decrease in their ownership of the stock. The sale 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 business’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 sale, the insider now owns 299 shares in the company, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,984 shares of company stock valued at $12,230,877 over the last three months. Company insiders own 1.10% of the company’s stock.

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.