Zurcher Kantonalbank Zurich Cantonalbank Buys 303 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,241 shares of the business services provider’s stock after purchasing an additional 303 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FactSet Research Systems were worth $7,009,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ninety One UK Ltd raised its stake in FactSet Research Systems by 0.9% during the second 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. Charles Schwab Investment Management Inc. increased its position in FactSet Research Systems by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock worth $171,702,000 after purchasing an additional 4,113 shares in the last quarter. Boston Trust Walden Corp raised its position in FactSet Research Systems by 9.3% in the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock valued at $136,267,000 after purchasing an additional 25,294 shares during the last quarter. PineStone Asset Management Inc. increased its stake in shares of FactSet Research Systems by 0.4% in the third quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider’s stock valued at $126,000,000 after buying an additional 1,030 shares during the period. Finally, Tandem Investment Advisors Inc. raised its holdings in FactSet Research Systems by 1.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock valued at $102,079,000 after buying an additional 3,485 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the transaction, the executive vice president now owns 23,515 shares in the company, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on 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 directly owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This trade represents a 18.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,984 shares of company stock valued at $12,230,877 over the last ninety days. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in 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 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 stock a “neutral” rating in a research note on Friday, November 15th. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, November 15th. Finally, Stifel Nicolaus raised 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. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $450.00.

FactSet Research Systems Stock Up 0.2 %

FactSet Research Systems stock opened at $490.67 on Monday. 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 company has a market capitalization of $18.64 billion, a PE ratio of 35.30, a PEG ratio of 3.15 and a beta of 0.75. The firm’s fifty day moving average is $469.38 and its 200 day moving average is $437.42. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87.

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

FactSet Research Systems Dividend Announcement

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