Sanctuary Advisors LLC Trims Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Sanctuary Advisors LLC lessened its stake in FactSet Research Systems Inc. (NYSE:FDS) by 22.9% in the third quarter, Holdings Channel reports. The institutional investor owned 17,801 shares of the business services provider’s stock after selling 5,291 shares during the quarter. Sanctuary Advisors LLC’s holdings in FactSet Research Systems were worth $8,680,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cetera Advisors LLC bought a new stake in shares of FactSet Research Systems in the 1st quarter worth about $202,000. Wealth Enhancement Advisory Services LLC grew its stake in FactSet Research Systems by 13.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,234 shares of the business services provider’s stock worth $1,729,000 after purchasing an additional 492 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in FactSet Research Systems by 2.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,797 shares of the business services provider’s stock valued at $1,142,000 after buying an additional 70 shares during the last quarter. Blue Trust Inc. raised its stake in FactSet Research Systems by 69.5% during the second quarter. Blue Trust Inc. now owns 139 shares of the business services provider’s stock valued at $57,000 after buying an additional 57 shares in the last quarter. Finally, Ninety One UK Ltd raised its stake in FactSet Research Systems by 0.9% during the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock valued at $496,645,000 after buying an additional 10,928 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

Shares of NYSE:FDS opened at $488.74 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $474.46 and its two-hundred day moving average is $440.36. The firm has a market capitalization of $18.57 billion, a P/E ratio of 35.16, a PEG ratio of 3.15 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.

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, beating the consensus estimate 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 analysts’ expectations of $547.06 million. During the same period last year, the firm earned $2.93 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s payout ratio is currently 29.93%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on 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. BMO Capital Markets boosted their target price 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. Morgan Stanley raised their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, November 15th. Finally, UBS Group raised their target price 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. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and a consensus target price of $451.85.

Insider Activity at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the sale, the chief executive officer now directly owns 12,987 shares of the company’s stock, valued at approximately $5,910,253.83. This represents a 18.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $780,182.00. Following the transaction, the insider now owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,984 shares of company stock worth $10,981,107 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

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.