Eads & Heald Wealth Management Sells 149 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Eads & Heald Wealth Management lowered its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,464 shares of the business services provider’s stock after selling 149 shares during the quarter. Eads & Heald Wealth Management’s holdings in FactSet Research Systems were worth $1,593,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Focus Financial Network Inc. purchased a new stake in FactSet Research Systems in the third quarter worth $208,000. PineStone Asset Management Inc. lifted its position in shares of FactSet Research Systems by 0.4% in the 3rd quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider’s stock worth $126,000,000 after purchasing an additional 1,030 shares during the period. HM Payson & Co. lifted its position in shares of FactSet Research Systems by 13.3% in the 3rd quarter. HM Payson & Co. now owns 1,289 shares of the business services provider’s stock worth $593,000 after purchasing an additional 151 shares during the period. Financial Advocates Investment Management boosted its stake in shares of FactSet Research Systems by 6.3% during the 3rd quarter. Financial Advocates Investment Management now owns 1,013 shares of the business services provider’s stock valued at $466,000 after purchasing an additional 60 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new position in shares of FactSet Research Systems during the third quarter valued at about $220,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Performance

Shares of FDS opened at $458.80 on Friday. The business’s fifty day simple moving average is $449.81 and its two-hundred day simple moving average is $429.88. 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 Inc. has a 12 month low of $391.84 and a 12 month high of $488.64. The company has a market cap of $17.43 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 3.00 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same period in the prior year, the company posted $2.93 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Research analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s 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 transaction, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James J. Mcgonigle sold 5,410 shares of FactSet Research Systems stock in a transaction dated 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 directly owns 5,283 shares of the company’s stock, valued at approximately $2,413,432.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,815 shares of company stock worth $11,635,501. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on FDS. Evercore ISI started coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective for the company. Wells Fargo & Company lifted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. UBS Group increased their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Stifel Nicolaus boosted their target price 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. Finally, BMO Capital Markets increased their price target on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Five research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.