SRN Advisors LLC Sells 120 Shares of FactSet Research Systems Inc. (NYSE:FDS)

SRN Advisors LLC decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,904 shares of the business services provider’s stock after selling 120 shares during the quarter. FactSet Research Systems comprises about 1.2% of SRN Advisors LLC’s portfolio, making the stock its 28th largest holding. SRN Advisors LLC’s holdings in FactSet Research Systems were worth $1,335,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of FDS. SteelPeak Wealth LLC bought a new position in shares of FactSet Research Systems during the 1st quarter valued at about $510,000. BKM Wealth Management LLC lifted its position in shares of FactSet Research Systems by 15.7% in the first quarter. BKM Wealth Management LLC now owns 2,846 shares of the business services provider’s stock worth $1,293,000 after buying an additional 386 shares in the last quarter. Congress Wealth Management LLC DE boosted its stake in FactSet Research Systems by 1.6% during the first quarter. Congress Wealth Management LLC DE now owns 27,608 shares of the business services provider’s stock valued at $12,545,000 after buying an additional 434 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in FactSet Research Systems by 11.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,097 shares of the business services provider’s stock valued at $953,000 after buying an additional 213 shares during the last quarter. Finally, Norden Group LLC grew its holdings in FactSet Research Systems by 1,844.5% during the 1st 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 in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Down 0.4 %

Shares of NYSE FDS opened at $454.94 on Friday. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The firm has a 50-day simple moving average of $445.18 and a two-hundred day simple moving average of $428.83. The company has a market cap of $17.31 billion, a P/E ratio of 32.73, a PEG ratio of 3.08 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results 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. The firm had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. FactSet Research Systems’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $2.93 EPS. Research analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s payout ratio is presently 29.93%.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the completion of the sale, the chief executive officer now owns 12,987 shares in the company, valued at $5,910,253.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This 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 this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total value of $1,365,270.00. Following the transaction, the chief executive officer now owns 12,987 shares in the company, valued at approximately $5,910,253.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,362 shares of company stock valued at $12,688,945 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FDS shares. Royal Bank of Canada upped their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price target 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 price objective for the company. BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Finally, Stifel Nicolaus increased their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $443.57.

FactSet Research Systems Company 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.