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

Conestoga Capital Advisors LLC reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,437 shares of the business services provider’s stock after selling 37 shares during the period. Conestoga Capital Advisors LLC’s holdings in FactSet Research Systems were worth $661,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FDS. SteelPeak Wealth LLC grew its position in FactSet Research Systems by 134.1% during the second quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock worth $1,073,000 after buying an additional 1,506 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in FactSet Research Systems by 3.1% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock valued at $20,321,000 after purchasing an additional 1,389 shares in the last quarter. Cetera Investment Advisers boosted its stake in FactSet Research Systems by 214.5% during the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after acquiring an additional 3,683 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of FactSet Research Systems by 22.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider’s stock worth $7,223,000 after buying an additional 2,920 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of FactSet Research Systems by 34.4% in the 1st quarter. Russell Investments Group Ltd. now owns 43,978 shares of the business services provider’s stock worth $19,959,000 after buying an additional 11,257 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Up 0.8 %

FDS stock traded up $3.62 during midday trading on Friday, reaching $457.68. 49,275 shares of the company traded hands, compared to its average volume of 260,591. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $488.64. 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 business has a 50 day moving average of $447.89 and a 200-day moving average of $429.47. The firm has a market capitalization of $17.39 billion, a price-to-earnings ratio of 32.66, a P/E/G ratio of 3.00 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued 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. 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 analyst estimates of $547.06 million. During the same period in the previous year, the company posted $2.93 EPS. FactSet Research Systems’s revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were given a $1.04 dividend. The ex-dividend date was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s 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 of the company’s stock, valued at $5,380,259.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other FactSet Research Systems news, 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 of the company’s stock, valued at approximately $5,380,259.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James J. Mcgonigle sold 5,410 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were 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 $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. Over the last three months, insiders sold 25,815 shares of company stock worth $11,635,501. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

FDS has been the topic of several research analyst reports. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Evercore ISI initiated coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target on the stock. UBS Group boosted their target price on shares of 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 stock an “equal weight” rating in a report on Friday, September 20th. Finally, BMO Capital Markets raised their target price on shares of 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. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and an average target price of $443.57.

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.