Lafayette Investments Inc. Boosts Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Lafayette Investments Inc. boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 9.6% during the third quarter, Holdings Channel.com reports. The fund owned 729 shares of the business services provider’s stock after acquiring an additional 64 shares during the period. Lafayette Investments Inc.’s holdings in FactSet Research Systems were worth $335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FDS. Millennium Management LLC boosted its stake in shares of FactSet Research Systems by 2,873.9% during the second quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock valued at $48,822,000 after acquiring an additional 115,561 shares during the last quarter. PineStone Asset Management Inc. boosted its stake 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 worth $111,447,000 after purchasing an additional 94,952 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of FactSet Research Systems during the third quarter worth about $38,909,000. Norden Group LLC raised its position in shares of FactSet Research Systems by 1,844.5% in the first quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock valued at $20,761,000 after buying an additional 43,346 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of FactSet Research Systems by 21.5% during the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock valued at $96,113,000 after buying an additional 41,717 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 0.4 %

FDS stock traded down $2.02 during mid-day trading on Thursday, hitting $461.75. The stock had a trading volume of 23,979 shares, compared to its average volume of 261,721. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The company has a fifty day moving average of $443.34 and a 200 day moving average of $428.61. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $17.56 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 3.01 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The company had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. During the same period in the previous year, the company earned $2.93 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were paid a $1.04 dividend. The ex-dividend date was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems’s payout ratio is currently 31.37%.

Analyst Ratings Changes

A number of research analysts have weighed in on FDS shares. Evercore ISI assumed coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target on the stock. Wells Fargo & Company boosted 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 report on Friday, September 20th. UBS Group raised their target price on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. BMO Capital Markets increased their price target on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Finally, Royal Bank of Canada upped their target price on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research report on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and a consensus target price of $443.57.

Insider Buying and Selling

In other FactSet Research Systems news, Director James J. Mcgonigle sold 5,410 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the completion of the transaction, the director now owns 5,283 shares in the company, valued at approximately $2,413,432.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,330,666.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Mcgonigle sold 5,410 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the transaction, the director now owns 5,283 shares of the company’s stock, valued at $2,413,432.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,362 shares of company stock worth $12,688,945 in the last 90 days. 1.00% of the stock is owned by company 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.