Peapack Gladstone Financial Corp Trims Stake in FactSet Research Systems Inc. (NYSE:FDS)

Peapack Gladstone Financial Corp trimmed its stake in FactSet Research Systems Inc. (NYSE:FDS) by 15.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 660 shares of the business services provider’s stock after selling 118 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in FactSet Research Systems were worth $304,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in FactSet Research Systems during the 3rd quarter worth about $26,000. UMB Bank n.a. boosted 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 worth $27,000 after acquiring an additional 39 shares during the last quarter. Crewe Advisors LLC grew its stake in FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares during the period. Quest Partners LLC raised its holdings in FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of FactSet Research Systems during the 3rd quarter worth $34,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FDS has been the subject of several analyst reports. Evercore ISI began coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. Morgan Stanley increased their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. UBS Group boosted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price target for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Finally, BMO Capital Markets boosted their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $451.85.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $487.67 on Tuesday. The firm has a market capitalization of $18.53 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The stock’s 50 day moving average price is $475.22 and its 200 day moving average price is $441.09. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.93 earnings per share. As a group, sell-side analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend yield of 0.85%. FactSet Research Systems’s dividend payout ratio is presently 29.93%.

Insider Transactions at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the sale, the insider now owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $2,471,450.30. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,984 shares of company stock valued at $10,981,107. 1.10% of the stock is currently owned by insiders.

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.