FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lowered its stake in FactSet Research Systems Inc. (NYSE:FDS) by 23.0% during the third quarter, Holdings Channel.com reports. The firm owned 2,689 shares of the business services provider’s stock after selling 805 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in FactSet Research Systems were worth $1,236,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

FDS has been the topic of a number of analyst reports. BMO Capital Markets raised their price target on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Wells Fargo & Company raised their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. UBS Group upped their price target on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Redburn Atlantic cut 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 report on Wednesday, October 9th. Finally, Stifel Nicolaus upped their target price 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. Five equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $443.57.

FactSet Research Systems Stock Performance

NYSE FDS opened at $495.51 on Friday. The firm 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. 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 $460.40 and its 200 day moving average price is $433.15. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65.

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, beating 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 company had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same period last year, the business posted $2.93 EPS. The company’s revenue was up 4.9% on a year-over-year basis. On average, equities research analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company 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 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 0.84%. FactSet Research Systems’s payout ratio is currently 29.93%.

Insider Transactions at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,380,259.85. This represents a 18.85 % 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. Company insiders own 1.10% of the company’s stock.

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.