Stifel Financial Corp Has $19.76 Million Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Stifel Financial Corp cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,909 shares of the business services provider’s stock after selling 1,025 shares during the quarter. Stifel Financial Corp’s holdings in FactSet Research Systems were worth $19,760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in shares of FactSet Research Systems by 214.5% during the first quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock worth $2,454,000 after buying an additional 3,683 shares during the last quarter. Cetera Advisors LLC acquired a new position in FactSet Research Systems in the 1st quarter worth about $202,000. QRG Capital Management Inc. raised its position in FactSet Research Systems by 6.0% in the second quarter. QRG Capital Management Inc. now owns 1,058 shares of the business services provider’s stock valued at $432,000 after purchasing an additional 60 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of FactSet Research Systems by 49.5% during the second quarter. SG Americas Securities LLC now owns 8,857 shares of the business services provider’s stock valued at $3,616,000 after purchasing an additional 2,934 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of FactSet Research Systems by 8.3% during the second quarter. Czech National Bank now owns 7,263 shares of the business services provider’s stock worth $2,965,000 after purchasing an additional 557 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the transaction, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. This trade represents a 37.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James J. Mcgonigle sold 5,410 shares of the company’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 completion of the sale, the director now owns 5,283 shares in the company, valued at $2,413,432.89. This represents a 50.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,984 shares of company stock worth $10,981,107. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

FDS has been the subject of a number of research reports. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. UBS Group lifted their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Wells Fargo & Company increased their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Evercore ISI assumed coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Finally, Stifel Nicolaus increased their price target on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $447.69.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $477.98 on Tuesday. The stock has a market capitalization of $18.16 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 3.08 and a beta of 0.76. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s 50 day moving average price is $471.99 and its two-hundred day moving average price is $438.87.

FactSet Research Systems (NYSE:FDS) last issued 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. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same period in the prior year, the firm earned $2.93 earnings per share. FactSet Research Systems’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts predict 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. Investors of record on Friday, November 29th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.93%.

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.