Metis Global Partners LLC Raises Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Metis Global Partners LLC raised its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,063 shares of the business services provider’s stock after purchasing an additional 107 shares during the quarter. Metis Global Partners LLC’s holdings in FactSet Research Systems were worth $1,409,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FDS. Millennium Management LLC boosted its holdings 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 acquiring an additional 115,561 shares during the last quarter. PineStone Asset Management Inc. boosted its holdings in FactSet Research Systems by 53.3% in the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after purchasing an additional 94,952 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in FactSet Research Systems during the 3rd quarter worth about $38,909,000. Dimensional Fund Advisors LP raised its stake in shares of FactSet Research Systems by 21.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock valued at $96,113,000 after buying an additional 41,717 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its holdings in shares of FactSet Research Systems by 9.3% in the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock valued at $136,267,000 after buying an additional 25,294 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analysts Set New Price Targets

FDS has been the topic of several analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday. 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. Wells Fargo & Company increased their price target 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. UBS Group lifted their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday. Finally, BMO Capital Markets increased their target price on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research note on Friday. Five research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and an average price target of $450.00.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS opened at $483.90 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The firm has a market capitalization of $18.38 billion, a PE ratio of 34.81, a P/E/G ratio of 3.25 and a beta of 0.75. The business’s 50 day moving average price is $461.60 and its 200-day moving average price is $433.69.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.12. The company 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.93 EPS. As a group, equities research analysts expect 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 issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

Insider Activity

In other news, Director James J. Mcgonigle sold 5,410 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 5,283 shares of the company’s stock, valued at approximately $2,413,432.89. The trade was a 50.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the sale, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,984 shares of company stock worth $12,230,877 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

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.