Tower Bridge Advisors Makes New $207,000 Investment in FactSet Research Systems Inc. (NYSE:FDS)

Tower Bridge Advisors bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 450 shares of the business services provider’s stock, valued at approximately $207,000.

Other institutional investors also recently modified their holdings of the company. Atlanta Consulting Group Advisors LLC acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at approximately $304,000. Natixis Advisors LLC raised its stake in shares of FactSet Research Systems by 1.1% during the 3rd quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock worth $55,621,000 after purchasing an additional 1,260 shares in the last quarter. Coastline Trust Co bought a new stake in shares of FactSet Research Systems during the 3rd quarter worth approximately $78,000. Empirical Finance LLC lifted its holdings in FactSet Research Systems by 5.1% during the 3rd quarter. Empirical Finance LLC now owns 915 shares of the business services provider’s stock valued at $421,000 after purchasing an additional 44 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in FactSet Research Systems by 8.0% during the 3rd quarter. CIBC Asset Management Inc now owns 5,565 shares of the business services provider’s stock valued at $2,559,000 after purchasing an additional 414 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the transaction, the chief executive officer now owns 12,987 shares in the company, valued at $5,910,253.83. This trade represents a 18.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. The trade was a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,984 shares of company stock worth $12,230,877 in the last quarter. 1.10% of the stock is owned by company insiders.

FactSet Research Systems Trading Down 2.4 %

NYSE FDS opened at $483.90 on Monday. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two 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 has a 50 day simple moving average of $461.60 and a two-hundred day simple moving average of $433.79. The stock has a market cap of $18.38 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $2.93 EPS. On average, analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s payout ratio is presently 29.93%.

Analyst Ratings Changes

Several research firms have weighed in on FDS. Stifel Nicolaus increased 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday. Evercore ISI started coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price on the stock. BMO Capital Markets lifted their price target on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday. Finally, UBS Group lifted their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday. Five 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 a consensus rating of “Hold” and an average target price of $450.00.

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.