Dynamic Technology Lab Private Ltd Sells 8,422 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Dynamic Technology Lab Private Ltd cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 84.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,559 shares of the business services provider’s stock after selling 8,422 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in FactSet Research Systems were worth $716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. B. Riley Wealth Advisors Inc. increased its holdings in FactSet Research Systems by 53.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 744 shares of the business services provider’s stock worth $325,000 after buying an additional 258 shares in the last quarter. Tidal Investments LLC grew its stake in shares of FactSet Research Systems by 225.1% in the first quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock worth $1,065,000 after acquiring an additional 1,623 shares during the period. Comerica Bank raised its holdings in shares of FactSet Research Systems by 4.8% during the first quarter. Comerica Bank now owns 15,083 shares of the business services provider’s stock valued at $6,853,000 after purchasing an additional 697 shares during the last quarter. iA Global Asset Management Inc. lifted its position in FactSet Research Systems by 28.3% during the first quarter. iA Global Asset Management Inc. now owns 2,147 shares of the business services provider’s stock valued at $976,000 after purchasing an additional 473 shares during the period. Finally, Swedbank AB purchased a new stake in FactSet Research Systems in the first quarter worth approximately $84,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Down 0.3 %

FactSet Research Systems stock opened at $489.50 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. The firm’s 50 day moving average price is $468.49 and its 200-day moving average price is $436.73. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The stock has a market cap of $18.60 billion, a P/E ratio of 35.22, a PEG ratio of 3.15 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last announced its quarterly 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 business had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.93 EPS. On average, equities analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FDS. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Evercore ISI started coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price for the company. Stifel Nicolaus increased their price target on shares of 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 boosted their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, November 15th. Five investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $450.00.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. This represents a 18.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, 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 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.