Tidal Investments LLC Buys 209 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Tidal Investments LLC grew its stake in FactSet Research Systems Inc. (NYSE:FDS) by 9.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,535 shares of the business services provider’s stock after purchasing an additional 209 shares during the period. Tidal Investments LLC’s holdings in FactSet Research Systems were worth $1,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDS. Catalyst Capital Advisors LLC acquired a new stake in FactSet Research Systems in the third quarter valued at approximately $26,000. UMB Bank n.a. boosted its holdings in shares of FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC grew its position in FactSet Research Systems by 750.0% during 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 last quarter. Quest Partners LLC increased 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 worth $28,000 after purchasing an additional 67 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in FactSet Research Systems in the third quarter valued at about $34,000. 91.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the sale, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,984 shares of company stock valued at $10,981,107. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FDS has been the subject of several recent research reports. Morgan Stanley upped their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Evercore ISI began coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target for the company. UBS Group lifted their price target 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. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, 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 report on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $451.85.

FactSet Research Systems Price Performance

Shares of FDS opened at $489.73 on Friday. The firm has a market cap of $18.60 billion, a PE ratio of 35.23, a price-to-earnings-growth 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. The business’s 50 day moving average price is $476.92 and its two-hundred day moving average price is $442.24. 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 released its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. FactSet Research Systems’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.12 EPS. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Friday, November 29th. FactSet Research Systems’s payout ratio is 29.93%.

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.