Continuum Advisory LLC grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 5,200.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159 shares of the business services provider’s stock after buying an additional 156 shares during the period. Continuum Advisory LLC’s holdings in FactSet Research Systems were worth $79,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC raised its stake in shares of FactSet Research Systems by 2,873.9% during the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock valued at $48,822,000 after purchasing an additional 115,561 shares during the period. International Assets Investment Management LLC purchased a new position in FactSet Research Systems during the 3rd quarter valued at about $38,909,000. State Street Corp increased its position in shares of FactSet Research Systems by 2.2% during the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after buying an additional 42,303 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of FactSet Research Systems by 21.5% in the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after buying an additional 41,717 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its position in shares of 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 acquiring an additional 25,294 shares during the period. Institutional investors own 91.24% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on FDS. Evercore ISI initiated coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective on the stock. UBS Group raised 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. Stifel Nicolaus lifted their price target on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Wells Fargo & Company upped their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Finally, Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their target price for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $447.69.
FactSet Research Systems Trading Up 1.2 %
Shares of FDS opened at $489.82 on Thursday. 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 Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The firm has a 50 day moving average price of $473.22 and a 200-day moving average price of $439.56. The firm has a market cap of $18.61 billion, a price-to-earnings ratio of 35.24, a PEG ratio of 3.08 and a beta of 0.76.
FactSet Research Systems (NYSE:FDS – Get Free Report) last posted its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same period in the previous year, the firm posted $2.93 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities research analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.
FactSet Research Systems Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 29.93%.
Insider Buying and Selling
In related news, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the sale, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 37.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John Costigan sold 1,622 shares of the stock in a transaction 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 23,984 shares of company stock worth $10,981,107 in the last ninety days. 1.10% of the stock is owned by insiders.
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.
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