FactSet Research Systems Inc. (NYSE:FDS) Stake Raised by Haverford Trust Co

Haverford Trust Co boosted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 852 shares of the business services provider’s stock after acquiring an additional 37 shares during the quarter. Haverford Trust Co’s holdings in FactSet Research Systems were worth $392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. grew its position in FactSet Research Systems by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 84,082 shares of the business services provider’s stock valued at $38,665,000 after purchasing an additional 270 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in shares of FactSet Research Systems during the 3rd quarter valued at $275,000. Buckingham Capital Management Inc. purchased a new position in shares of FactSet Research Systems during the 3rd quarter valued at $216,000. Venturi Wealth Management LLC increased its stake in shares of FactSet Research Systems by 12.6% in the third quarter. Venturi Wealth Management LLC now owns 3,117 shares of the business services provider’s stock worth $1,433,000 after acquiring an additional 350 shares during the last quarter. Finally, Ashton Thomas Securities LLC raised its holdings in shares of FactSet Research Systems by 17.8% during the third quarter. Ashton Thomas Securities LLC now owns 1,011 shares of the business services provider’s stock worth $465,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stifel Nicolaus upped their target price 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. UBS Group raised their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Evercore ISI initiated coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on shares of 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 analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and a consensus price target of $443.57.

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $495.51 on Friday. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a market cap of $18.82 billion, a P/E ratio of 35.65, a P/E/G ratio of 3.20 and a beta of 0.75. The business’s 50 day moving average is $460.40 and its two-hundred day moving average is $433.15.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results 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. The firm had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.93 EPS. On average, equities analysts expect 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 will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.84%. FactSet Research Systems’s dividend payout ratio (DPR) 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.