MetLife Investment Management LLC Decreases Stake in FactSet Research Systems Inc. (NYSE:FDS)

MetLife Investment Management LLC lessened its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,506 shares of the business services provider’s stock after selling 284 shares during the quarter. MetLife Investment Management LLC’s holdings in FactSet Research Systems were worth $4,831,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Townsquare Capital LLC grew its holdings in shares of FactSet Research Systems by 9.2% in the third quarter. Townsquare Capital LLC now owns 24,026 shares of the business services provider’s stock valued at $11,049,000 after purchasing an additional 2,016 shares in the last quarter. BNP Paribas Financial Markets lifted its position in FactSet Research Systems by 2.6% during the third quarter. BNP Paribas Financial Markets now owns 41,771 shares of the business services provider’s stock valued at $19,208,000 after purchasing an additional 1,065 shares during the last quarter. Brooklyn Investment Group bought a new position in FactSet Research Systems during the third quarter valued at $35,000. FMR LLC increased its holdings in shares of FactSet Research Systems by 14.0% in the 3rd quarter. FMR LLC now owns 77,447 shares of the business services provider’s stock worth $35,614,000 after buying an additional 9,506 shares during the last quarter. Finally, Trust Asset Management LLC purchased a new stake in shares of FactSet Research Systems during the 3rd quarter valued at about $202,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $490.67 on Monday. The company has a market capitalization of $18.64 billion, a P/E ratio of 35.30, a P/E/G ratio of 3.15 and a beta of 0.75. The company’s 50-day simple moving average is $469.38 and its two-hundred day simple moving average is $437.42. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.12. The company had revenue of $562.20 million for the quarter, compared to analysts’ expectations 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 revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.93 earnings per share. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

Insider Buying and Selling at FactSet Research Systems

In related news, Director James J. Mcgonigle sold 5,410 shares of the firm’s 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 sale, the director now owns 5,283 shares of the company’s stock, valued at $2,413,432.89. This trade represents a 50.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Costigan sold 1,622 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,984 shares of company stock valued at $12,230,877. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on FDS shares. UBS Group lifted their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Evercore ISI began coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. BMO Capital Markets increased their price target on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Stifel Nicolaus lifted their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Finally, Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $450.00.

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.