Copeland Capital Management LLC Lowers Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Copeland Capital Management LLC reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 21.5% in the third quarter, Holdings Channel.com reports. The firm owned 67,287 shares of the business services provider’s stock after selling 18,437 shares during the quarter. Copeland Capital Management LLC’s holdings in FactSet Research Systems were worth $30,942,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in FactSet Research Systems by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock worth $2,077,267,000 after buying an additional 11,974 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of FactSet Research Systems by 0.9% in the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock valued at $496,645,000 after purchasing an additional 10,928 shares in the last quarter. PineStone Asset Management Inc. grew its holdings in shares of FactSet Research Systems by 53.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after purchasing an additional 94,952 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in FactSet Research Systems by 3.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider’s stock worth $120,178,000 after purchasing an additional 9,925 shares during the period. Finally, Tandem Investment Advisors Inc. raised its position 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 worth $102,079,000 after purchasing an additional 3,485 shares during the period. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $468.83 on Tuesday. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $488.64. The firm has a market capitalization of $17.83 billion, a P/E ratio of 35.36, a P/E/G ratio of 3.01 and a beta of 0.75. The business has a fifty day simple moving average of $439.44 and a two-hundred day simple moving average of $427.89. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last announced 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. 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 quarter last year, the firm earned $2.93 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s payout ratio is 31.37%.

Insider Activity at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related 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 value 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 approximately $10,726,367.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s 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 transaction, 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 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,362 shares of company stock valued at $12,688,945. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FDS shares. BMO Capital Markets raised their price objective on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Wells Fargo & Company increased their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Royal Bank of Canada lifted their price target on FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. Morgan Stanley boosted their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research report on Monday, June 24th. Finally, Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price target for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and an average target price of $443.57.

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.