Compagnie Lombard Odier SCmA Buys New Shares in FactSet Research Systems Inc. (NYSE:FDS)

Compagnie Lombard Odier SCmA purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 260 shares of the business services provider’s stock, valued at approximately $120,000.

A number of other institutional investors also recently modified their holdings of FDS. Koshinski Asset Management Inc. lifted its stake in shares of FactSet Research Systems by 26.6% in the third quarter. Koshinski Asset Management Inc. now owns 776 shares of the business services provider’s stock valued at $357,000 after buying an additional 163 shares in the last quarter. Crestmont Private Wealth LLC bought a new position in FactSet Research Systems in the 3rd quarter valued at about $204,000. Exchange Traded Concepts LLC lifted its position in FactSet Research Systems by 581.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 128 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in FactSet Research Systems by 810.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 337 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 300 shares during the last quarter. Finally, JGP Wealth Management LLC increased its holdings in FactSet Research Systems by 1.1% during the 3rd quarter. JGP Wealth Management LLC now owns 20,548 shares of the business services provider’s stock worth $9,449,000 after purchasing an additional 214 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Evercore ISI assumed coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Morgan Stanley raised their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research report on Monday, June 24th. BMO Capital Markets upped their price objective on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Finally, UBS Group lifted 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. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $443.57.

Insiders Place Their Bets

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems 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 directly owns 12,987 shares in the company, valued at approximately $5,910,253.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the completion of the transaction, the chief executive officer now directly owns 12,987 shares of the company’s stock, valued at approximately $5,910,253.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,362 shares of company stock worth $12,688,945 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $456.81 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79. The firm has a market cap of $17.38 billion, a PE ratio of 32.86, a PEG ratio of 3.01 and a beta of 0.75. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The stock’s fifty day moving average price is $432.82 and its two-hundred day moving average price is $427.06.

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, topping analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. During the same quarter last year, the business earned $2.93 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts forecast 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 was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were issued a dividend of $1.04 per share. The ex-dividend date was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. FactSet Research Systems’s payout ratio is 29.93%.

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.