FactSet Research Systems Inc. (NYSE:FDS) Stake Cut by D.B. Root & Company LLC

D.B. Root & Company LLC reduced its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,267 shares of the business services provider’s stock after selling 267 shares during the period. D.B. Root & Company LLC’s holdings in FactSet Research Systems were worth $1,042,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FDS. Private Advisor Group LLC lifted its stake in FactSet Research Systems by 6.7% in the 1st quarter. Private Advisor Group LLC now owns 1,637 shares of the business services provider’s stock worth $744,000 after acquiring an additional 103 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of FactSet Research Systems during the 1st quarter valued at about $314,000. Larson Financial Group LLC lifted its holdings in shares of FactSet Research Systems by 124.7% during the 1st quarter. Larson Financial Group LLC now owns 400 shares of the business services provider’s stock valued at $182,000 after buying an additional 222 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of FactSet Research Systems by 0.6% during the 1st quarter. Texas Permanent School Fund Corp now owns 8,773 shares of the business services provider’s stock valued at $3,986,000 after buying an additional 51 shares during the last quarter. Finally, Empirical Finance LLC lifted its holdings in shares of FactSet Research Systems by 5.3% during the 1st quarter. Empirical Finance LLC now owns 938 shares of the business services provider’s stock valued at $426,000 after buying an additional 47 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred 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 sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, September 26th. The stock was 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,362 shares of company stock valued at $11,450,695 in the last three months. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FDS shares. Royal Bank of Canada lifted their price target on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a report on Friday, September 20th. Wells Fargo & Company lifted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. UBS Group lifted their price target on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Stifel Nicolaus lifted their price target on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. Finally, Evercore ISI began coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target for the company. Five investment 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, the company has a consensus rating of “Hold” and an average price target of $443.57.

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $478.77 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $453.27 and its two-hundred day moving average is $430.71. The company has a market cap of $18.19 billion, a P/E ratio of 34.44, a P/E/G ratio of 3.05 and a beta of 0.75. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $488.64.

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, topping 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 return on equity of 34.77% and a net margin of 24.38%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.93 EPS. On average, equities analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

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.