Dumont & Blake Investment Advisors LLC Sells 727 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Dumont & Blake Investment Advisors LLC reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 53.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 630 shares of the business services provider’s stock after selling 727 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in FactSet Research Systems were worth $290,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Nicholson Wealth Management Group LLC purchased a new stake in shares of FactSet Research Systems during the 3rd quarter worth $794,000. Dakota Wealth Management grew its stake in FactSet Research Systems by 18.2% during the 3rd quarter. Dakota Wealth Management now owns 2,172 shares of the business services provider’s stock valued at $999,000 after purchasing an additional 334 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in FactSet Research Systems by 21.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,989 shares of the business services provider’s stock worth $915,000 after buying an additional 352 shares during the period. IFM Investors Pty Ltd increased its stake in shares of FactSet Research Systems by 1.4% in the third quarter. IFM Investors Pty Ltd now owns 7,733 shares of the business services provider’s stock worth $3,556,000 after acquiring an additional 104 shares during the period. Finally, Lafayette Investments Inc. grew its position in FactSet Research Systems by 9.6% during the 3rd quarter. Lafayette Investments Inc. now owns 729 shares of the business services provider’s stock worth $335,000 after purchasing an additional 64 shares during the period. Institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FDS. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their target price for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Evercore ISI assumed coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. UBS Group lifted their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Wells Fargo & Company upped 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. Finally, Stifel Nicolaus raised their price target 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. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $443.57.

FactSet Research Systems Stock Down 0.4 %

FDS opened at $454.94 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.79 and a current ratio of 1.25. The stock has a market capitalization of $17.31 billion, a P/E ratio of 34.31, a price-to-earnings-growth ratio of 3.01 and a beta of 0.75. The business’s 50-day simple moving average is $445.18 and its 200-day simple moving average is $428.91. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64.

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

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were 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 in the company, valued at approximately $5,910,253.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the sale, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the completion of the sale, the chief executive officer now owns 12,987 shares of the company’s stock, valued at approximately $5,910,253.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,362 shares of company stock valued at $12,688,945 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

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.