Taylor Frigon Capital Management LLC Sells 84 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Taylor Frigon Capital Management LLC trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,427 shares of the business services provider’s stock after selling 84 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in FactSet Research Systems were worth $1,576,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Lafayette Investments Inc. increased its holdings in shares of FactSet Research Systems by 9.6% during the third quarter. Lafayette Investments Inc. now owns 729 shares of the business services provider’s stock worth $335,000 after purchasing an additional 64 shares during the period. International Assets Investment Management LLC bought a new stake in shares of FactSet Research Systems during the 3rd quarter valued at $38,909,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of FactSet Research Systems by 4.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 9,884 shares of the business services provider’s stock worth $4,545,000 after purchasing an additional 459 shares during the period. Whittier Trust Co. raised its stake in FactSet Research Systems by 4.5% in the third quarter. Whittier Trust Co. now owns 18,844 shares of the business services provider’s stock valued at $8,665,000 after purchasing an additional 806 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in FactSet Research Systems by 94.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,509 shares of the business services provider’s stock worth $1,614,000 after purchasing an additional 1,708 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 1.1 %

FactSet Research Systems stock traded down $5.25 during trading hours on Thursday, hitting $458.52. 58,640 shares of the stock traded hands, compared to its average volume of 261,930. The company has a market cap of $17.44 billion, a PE ratio of 34.98, a PEG ratio of 3.01 and a beta of 0.75. The firm’s 50-day moving average price is $443.34 and its two-hundred day moving average price is $428.61. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same period in the prior year, the company posted $2.93 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, research analysts forecast that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a $1.04 dividend. The ex-dividend date was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. FactSet Research Systems’s payout ratio is currently 31.37%.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,330,666.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, 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 sale, the director now directly owns 5,283 shares in the company, valued at $2,413,432.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,330,666.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,362 shares of company stock valued at $12,688,945. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FDS shares. Royal Bank of Canada boosted their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research report on Friday, September 20th. Wells Fargo & Company lifted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Stifel Nicolaus upped their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. BMO Capital Markets lifted their target price on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Finally, Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $443.57.

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.