Connor Clark & Lunn Investment Management Ltd. Raises Stake in FactSet Research Systems Inc. (NYSE:FDS)

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 153.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,813 shares of the business services provider’s stock after purchasing an additional 10,791 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in FactSet Research Systems were worth $8,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FDS. SteelPeak Wealth LLC raised its position in shares of FactSet Research Systems by 134.1% in the second quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 1,506 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of FactSet Research Systems by 3.1% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock worth $20,321,000 after acquiring an additional 1,389 shares during the period. Cetera Investment Advisers raised its stake in shares of FactSet Research Systems by 214.5% during the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after purchasing an additional 3,683 shares during the period. Tidal Investments LLC lifted its holdings in FactSet Research Systems by 225.1% during the 1st quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock worth $1,065,000 after purchasing an additional 1,623 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in FactSet Research Systems by 10.8% during the 1st quarter. Kennedy Capital Management LLC now owns 26,856 shares of the business services provider’s stock valued at $12,203,000 after buying an additional 2,622 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

FDS opened at $487.62 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The firm has a market cap of $18.52 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 3.09 and a beta of 0.75. The stock’s 50 day simple moving average is $466.05 and its 200 day simple moving average is $435.59.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter in the prior year, the company posted $2.93 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on FDS. Evercore ISI initiated coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective for the company. BMO Capital Markets raised their price target on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Wells Fargo & Company upped their price target 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, November 15th. Finally, Stifel Nicolaus boosted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $450.00.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, Director James J. Mcgonigle sold 5,410 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.83, for a total value of $2,471,450.30. Following the completion of the transaction, the director now directly owns 5,283 shares in the company, valued at approximately $2,413,432.89. This represents a 50.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 $143,819. The trade was a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,984 shares of company stock valued at $12,230,877 in the last 90 days. Insiders own 1.10% of the company’s stock.

FactSet Research Systems 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.