Northwest Investment Counselors LLC Sells 40 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Northwest Investment Counselors LLC trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,652 shares of the business services provider’s stock after selling 40 shares during the quarter. Northwest Investment Counselors LLC’s holdings in FactSet Research Systems were worth $760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mission Wealth Management LP increased its position in shares of FactSet Research Systems by 0.7% in the first quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider’s stock worth $1,536,000 after acquiring an additional 24 shares in the last quarter. Procyon Advisors LLC lifted its holdings in shares of FactSet Research Systems by 0.4% in the first quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock valued at $2,948,000 after purchasing an additional 27 shares in the last quarter. Argent Trust Co lifted its holdings in shares of FactSet Research Systems by 2.1% in the second quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock valued at $536,000 after purchasing an additional 27 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of FactSet Research Systems by 4.0% during the second quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock worth $341,000 after acquiring an additional 32 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in FactSet Research Systems by 0.4% during the first quarter. Retirement Systems of Alabama now owns 8,407 shares of the business services provider’s stock valued at $3,820,000 after buying an additional 34 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock traded down $2.18 on Monday, hitting $469.35. 58,169 shares of the company’s stock were exchanged, compared to its average volume of 263,248. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.79 and a current ratio of 1.25. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The company has a 50-day simple moving average of $439.44 and a 200-day simple moving average of $427.95. The stock has a market capitalization of $17.85 billion, a PE ratio of 35.56, a PEG ratio of 3.01 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating the consensus estimate 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 company 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 firm posted $2.93 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems’s dividend payout ratio is currently 31.37%.

Insider Buying and Selling

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the business’s 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 completion of the transaction, the executive vice president now owns 23,515 shares in the company, valued at $10,726,367.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $412.75, for a total value of $1,238,250.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,330,666.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the sale, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,362 shares of company stock worth $12,688,945. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FDS shares. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. 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. Wells Fargo & Company upped their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Royal Bank of Canada increased their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Finally, Evercore ISI assumed coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target on the stock. Five research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $443.57.

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.