170 Shares in FactSet Research Systems Inc. (NYSE:FDS) Purchased by Coastline Trust Co

Coastline Trust Co purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 170 shares of the business services provider’s stock, valued at approximately $78,000.

Several other institutional investors and hedge funds have also bought and sold shares of FDS. Millennium Management LLC raised its holdings in FactSet Research Systems by 2,873.9% in the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock worth $48,822,000 after purchasing an additional 115,561 shares in the last quarter. PineStone Asset Management Inc. raised its stake in FactSet Research Systems by 53.3% in the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after buying an additional 94,952 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in FactSet Research Systems in the third quarter worth about $38,909,000. Dimensional Fund Advisors LP lifted its holdings in FactSet Research Systems by 21.5% in the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after buying an additional 41,717 shares during the period. Finally, Boston Trust Walden Corp boosted its position in FactSet Research Systems by 9.3% during the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock valued at $136,267,000 after acquiring an additional 25,294 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FDS. UBS Group increased their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday. Evercore ISI assumed coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective for the company. Wells Fargo & Company upped their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Stifel Nicolaus lifted their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, BMO Capital Markets upped their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a report on Friday. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $450.00.

Insider Buying and Selling at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the transaction, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This trade represents a 37.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Costigan sold 1,622 shares of the business’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 directly owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,984 shares of company stock valued at $12,230,877. 1.10% of the stock is owned by company insiders.

FactSet Research Systems Price Performance

NYSE FDS opened at $483.90 on Friday. 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 company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 3.25 and a beta of 0.75. The stock has a 50-day moving average of $461.60 and a 200 day moving average of $433.69. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87.

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

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

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.