Public Sector Pension Investment Board Buys 200 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Public Sector Pension Investment Board increased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 3.1% during the third quarter, HoldingsChannel.com reports. The firm owned 6,698 shares of the business services provider’s stock after buying an additional 200 shares during the period. Public Sector Pension Investment Board’s holdings in FactSet Research Systems were worth $3,080,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FDS. Catalyst Capital Advisors LLC purchased a new stake in shares of FactSet Research Systems in the third quarter worth $26,000. UMB Bank n.a. increased its stake in FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after acquiring an additional 39 shares during the last quarter. Crewe Advisors LLC raised its holdings in shares of FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 60 shares in the last quarter. Quest Partners LLC increased its position in shares of 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 purchasing an additional 67 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of FactSet Research Systems in the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FDS shares. Wells Fargo & Company upped their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Evercore ISI initiated coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective for the company. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. UBS Group raised their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus lifted their price target on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note 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, the stock has an average rating of “Hold” and a consensus target price of $450.00.

FactSet Research Systems Trading Down 0.8 %

FDS stock opened at $485.75 on Wednesday. The firm’s fifty day simple moving average is $469.79 and its two-hundred day simple moving average is $437.67. The stock has a market capitalization of $18.45 billion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 3.14 and a beta of 0.76. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87.

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

FactSet Research Systems Dividend Announcement

The company also recently declared 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 0.86%. FactSet Research Systems’s payout ratio is presently 29.93%.

Insider Buying and Selling

In related news, insider John Costigan sold 1,622 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the sale, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction of $1,365,270.00. Following the sale, the chief executive officer now owns 12,987 shares in the company, valued at approximately $5,910,253.83. This represents a 18.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,984 shares of company stock valued at $10,981,107 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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.