FactSet Research Systems Inc. (NYSE:FDS) Stock Holdings Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in FactSet Research Systems Inc. (NYSE:FDS) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 373,386 shares of the business services provider’s stock after purchasing an additional 4,113 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.98% of FactSet Research Systems worth $171,702,000 at the end of the most recent quarter.

A number of other hedge funds and 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 valued at approximately $26,000. UMB Bank n.a. raised its stake 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 valued at $27,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC boosted its position in FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares during the period. Quest Partners LLC grew its stake in shares of FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new position in shares of FactSet Research Systems during the second quarter valued at $33,000. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $487.62 on Friday. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The firm’s 50 day simple moving average is $466.05 and its 200-day simple moving average is $435.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $18.52 billion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75.

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, beating the consensus estimate of $3.62 by $0.12. The company had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.93 EPS. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a dividend of $1.04 per share. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.85%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

Analyst Ratings Changes

FDS has been the subject of several research analyst reports. Wells Fargo & Company upped 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. UBS Group raised their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, November 15th. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price target for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, Evercore ISI started coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $450.00.

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,380,259.85. This trade represents a 18.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the transaction, the executive vice president now owns 23,515 shares in the company, valued at $10,726,367.25. This trade represents a 37.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,984 shares of company stock worth $12,230,877 in the last 90 days. Company insiders own 1.10% of the company’s stock.

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.