MetLife Investment Management LLC Reduces Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

MetLife Investment Management LLC cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 10,506 shares of the business services provider’s stock after selling 284 shares during the quarter. MetLife Investment Management LLC’s holdings in FactSet Research Systems were worth $4,831,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new position in shares of FactSet Research Systems in the 3rd quarter valued at approximately $26,000. UMB Bank n.a. lifted its stake in shares of FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after buying an additional 39 shares during the period. Crewe Advisors LLC grew its holdings in shares of FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 60 shares during the last quarter. Quest Partners LLC increased its position in shares of 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 valued at $28,000 after acquiring an additional 67 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in FactSet Research Systems in the 3rd quarter worth $34,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on FDS. BMO Capital Markets boosted their price target on 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. Evercore ISI began coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target for the company. Stifel Nicolaus upped their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research 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, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $450.00.

Insider Transactions at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on 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 sale, the chief executive officer now directly owns 12,987 shares in the company, valued at approximately $5,910,253.83. This trade represents a 18.77 % 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 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock opened at $490.67 on Monday. The firm has a market cap of $18.64 billion, a PE ratio of 35.30, a P/E/G ratio of 3.15 and a beta of 0.75. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve 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 business has a 50-day moving average price of $469.38 and a 200 day moving average price of $437.42.

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

FactSet Research Systems Announces Dividend

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

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.