Great Valley Advisor Group Inc. Purchases New Position in FactSet Research Systems Inc. (NYSE:FDS)

Great Valley Advisor Group Inc. acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 486 shares of the business services provider’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDS. Raymond James Trust N.A. lifted its holdings in shares of FactSet Research Systems by 2.3% during the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after purchasing an additional 21 shares during the period. Andina Capital Management LLC boosted its position in FactSet Research Systems by 3.8% during the third quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock worth $329,000 after purchasing an additional 26 shares in the last quarter. Argent Trust Co grew its holdings in FactSet Research Systems by 2.1% in the second quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock valued at $536,000 after purchasing an additional 27 shares during the last quarter. Legacy Financial Advisors Inc. increased its position in shares of FactSet Research Systems by 4.0% in the second quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock valued at $341,000 after buying an additional 32 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its stake in shares of FactSet Research Systems by 4.8% during the 2nd quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider’s stock worth $300,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. UBS Group increased their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, 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, November 15th. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $450.00.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. This trade represents a 18.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,984 shares of company stock valued at $12,230,877 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $489.23 on Thursday. The firm has a market capitalization of $18.59 billion, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of 3.15 and a beta of 0.75. The company has a 50 day moving average price of $467.64 and a 200 day moving average price of $436.36. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. 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 issued its 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. The firm had revenue of $562.20 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.93 earnings per share. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm 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. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.85%. FactSet Research Systems’s payout ratio 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.