BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 5,893 Shares of FactSet Research Systems Inc. (NYSE:FDS)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 16.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 30,439 shares of the business services provider’s stock after selling 5,893 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in FactSet Research Systems were worth $13,997,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FDS. Catalyst Capital Advisors LLC bought a new stake in shares of FactSet Research Systems during the third quarter worth $26,000. UMB Bank n.a. increased its holdings in FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the period. Quest Partners LLC raised its stake in shares of FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the period. Finally, Gladius Capital Management LP acquired a new position in shares of FactSet Research Systems during the second quarter worth about $33,000. Institutional investors own 91.24% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. This trade represents a 37.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Costigan sold 1,622 shares of the company’s stock in a transaction that occurred on 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 owns 299 shares of the company’s stock, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,984 shares of company stock valued at $12,230,877. 1.10% of the stock is currently owned by insiders.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $487.62 on Friday. The business has a fifty day simple moving average of $466.05 and a 200 day simple moving average of $435.59. The company has a market cap of $18.52 billion, a P/E ratio of 35.08, a P/E/G ratio of 3.12 and a beta of 0.75. 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 Inc. has a twelve month low of $391.84 and a twelve month high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million during 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 business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.93 earnings per share. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a $1.04 dividend. 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 0.85%. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Wells Fargo & Company raised 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 research note on Friday, September 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, November 15th. UBS Group raised their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Finally, Evercore ISI began coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and a consensus price target of $450.00.

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.