Fisher Asset Management LLC Grows Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Fisher Asset Management LLC raised its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 12.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,185 shares of the business services provider’s stock after purchasing an additional 2,776 shares during the quarter. Fisher Asset Management LLC owned 0.07% of FactSet Research Systems worth $11,581,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FDS. SteelPeak Wealth LLC lifted its stake in shares of FactSet Research Systems by 134.1% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 1,506 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake 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 grew its position in shares of FactSet Research Systems by 214.5% during the first quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock worth $2,454,000 after purchasing an additional 3,683 shares in the last quarter. Tidal Investments LLC raised its stake 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 valued at $1,065,000 after purchasing an additional 1,623 shares during the period. Finally, Jensen Investment Management Inc. lifted its holdings in FactSet Research Systems by 11.6% in the 3rd quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider’s stock worth $5,518,000 after purchasing an additional 1,250 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Trading Down 0.4 %

FDS opened at $489.23 on Thursday. 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’s 50 day moving average price is $467.64 and its 200-day moving average price is $436.36. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The stock has a market cap of $18.59 billion, a price-to-earnings ratio of 35.20, a P/E/G ratio of 3.15 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data 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. The company had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. FactSet Research Systems’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.93 EPS. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.2 EPS 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. Shareholders of record on Friday, November 29th will be given a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.85%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.93%.

Insiders Place Their Bets

In related news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The trade was a 18.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,984 shares of company stock worth $12,230,877 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FDS shares. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, November 15th. Stifel Nicolaus boosted their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. BMO Capital Markets raised their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Finally, UBS Group lifted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $450.00.

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.