Erste Asset Management GmbH Purchases New Stake in FactSet Research Systems Inc. (NYSE:FDS)

Erste Asset Management GmbH bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the third quarter, HoldingsChannel reports. The firm bought 12,492 shares of the business services provider’s stock, valued at approximately $5,731,000.

Other large investors have also recently made changes to their positions in the company. Edgestream Partners L.P. purchased a new position in FactSet Research Systems during the 3rd quarter valued at $2,170,000. Point72 Europe London LLP bought a new position in FactSet Research Systems in the third quarter worth about $7,542,000. Verition Fund Management LLC purchased a new stake in FactSet Research Systems in the third quarter worth about $5,894,000. Vinva Investment Management Ltd boosted its position in FactSet Research Systems by 74.1% during the 3rd quarter. Vinva Investment Management Ltd now owns 933 shares of the business services provider’s stock valued at $428,000 after acquiring an additional 397 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in FactSet Research Systems by 3.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,698 shares of the business services provider’s stock valued at $3,080,000 after acquiring an additional 200 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Insider Activity

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the transaction, the chief executive officer now owns 12,987 shares in the company, valued at approximately $5,910,253.83. This trade represents a 18.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,984 shares of company stock valued at $10,981,107 over the last three months. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $489.47 on Tuesday. The company has a market cap of $18.59 billion, a price-to-earnings ratio of 35.21, a P/E/G ratio of 3.15 and a beta of 0.75. The business’s fifty day simple moving average is $469.38 and its two-hundred day simple moving average is $437.36. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) 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 firm had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same period in the prior year, the company posted $2.93 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Research analysts anticipate 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 will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid 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 dividend yield of 0.85%. FactSet Research Systems’s dividend payout ratio is presently 29.93%.

Analysts Set New Price Targets

FDS has been the subject of several research reports. Wells Fargo & Company increased their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, November 15th. UBS Group upped their target price 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. Redburn Atlantic cut shares of 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, BMO Capital Markets upped their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.