UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 13,456 Shares of FactSet Research Systems Inc. (NYSE:FDS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 255,014 shares of the business services provider’s stock after selling 13,456 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in FactSet Research Systems were worth $117,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDS. Catalyst Capital Advisors LLC purchased a new position in shares of FactSet Research Systems during the 3rd quarter worth $26,000. UMB Bank n.a. lifted its position in FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC grew its holdings in FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the period. Quest Partners LLC increased its position in FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Finally, Gladius Capital Management LP bought a new position in shares of FactSet Research Systems in the second quarter worth about $33,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. The trade was a 18.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,984 shares of company stock valued at $12,230,877 over the last quarter. 1.10% of the stock is currently owned by insiders.

FactSet Research Systems Stock Up 0.2 %

Shares of FDS stock opened at $490.67 on Monday. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The stock has a market cap 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 stock has a 50 day moving average of $469.38 and a 200 day moving average of $437.42. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted its earnings results 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 business had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.93 EPS. As a group, sell-side analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

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

Wall Street Analyst Weigh In

FDS has been the subject of a number of recent research reports. Evercore ISI began coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective for the company. UBS Group upped their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Wells Fargo & Company increased 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 research note on Friday, September 20th. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their target price for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Finally, BMO Capital Markets increased their price target on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Five equities 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, the stock currently has an average rating of “Hold” and an average target price 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.