FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. decreased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 248,293 shares of the business services provider’s stock after selling 1,377 shares during the period. Congress Asset Management Co. owned approximately 0.65% of FactSet Research Systems worth $114,177,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Millennium Management LLC lifted its stake in shares of FactSet Research Systems by 2,873.9% in the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock valued at $48,822,000 after purchasing an additional 115,561 shares during the period. PineStone Asset Management Inc. grew its position in shares of FactSet Research Systems by 53.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after buying an additional 94,952 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of FactSet Research Systems during the third quarter worth about $38,909,000. Dimensional Fund Advisors LP grew its holdings in shares of FactSet Research Systems by 21.5% during the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after buying an additional 41,717 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in FactSet Research Systems by 198.2% in the 1st quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider’s stock valued at $23,352,000 after acquiring an additional 34,156 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of NYSE FDS traded up $0.58 during mid-day trading on Thursday, hitting $454.38. The company had a trading volume of 27,668 shares, compared to its average volume of 260,463. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $488.64. The firm has a market cap of $17.28 billion, a P/E ratio of 32.65, a PEG ratio of 3.08 and a beta of 0.75. The business’s 50-day simple moving average is $447.89 and its 200-day simple moving average is $429.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.93 earnings per share. As a group, 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 declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were issued a $1.04 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 0.92%. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

Wall Street Analyst Weigh In

FDS has been the topic of several analyst reports. BMO Capital Markets lifted their target price 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 boosted their price objective 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. Redburn Atlantic downgraded 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 report on Wednesday, October 9th. UBS Group upped their target price on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, Evercore ISI assumed coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target for the company. Five equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $443.57.

Insider Buying and Selling

In other news, Director James J. Mcgonigle sold 5,410 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the sale, the director now directly owns 5,283 shares of the company’s stock, valued at approximately $2,413,432.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James J. Mcgonigle sold 5,410 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the sale, the director now owns 5,283 shares of the company’s stock, valued at approximately $2,413,432.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,815 shares of company stock valued at $11,635,501. Insiders own 1.00% of the company’s stock.

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.