FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,297 shares of the business services provider’s stock after selling 10,550 shares during the period. Thrivent Financial for Lutherans owned 0.44% of FactSet Research Systems worth $76,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in shares of FactSet Research Systems by 47.6% during the first quarter. Empowered Funds LLC now owns 626 shares of the business services provider’s stock worth $284,000 after buying an additional 202 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of FactSet Research Systems by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock valued at $2,077,267,000 after purchasing an additional 11,974 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of FactSet Research Systems by 5.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,524 shares of the business services provider’s stock worth $3,419,000 after purchasing an additional 418 shares during the last quarter. UniSuper Management Pty Ltd lifted its holdings in shares of FactSet Research Systems by 431.3% during the first quarter. UniSuper Management Pty Ltd now owns 2,391 shares of the business services provider’s stock worth $1,086,000 after purchasing an additional 1,941 shares during the period. Finally, Mattern Capital Management LLC grew its position in FactSet Research Systems by 4.4% in the 1st quarter. Mattern Capital Management LLC now owns 18,363 shares of the business services provider’s stock valued at $8,344,000 after buying an additional 780 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 2.4 %

NYSE:FDS opened at $483.90 on Monday. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. 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 stock has a fifty day simple moving average of $461.60 and a 200-day simple moving average of $433.79. The company has a market capitalization of $18.38 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.12. The firm had revenue of $562.20 million during 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 firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $2.93 EPS. On average, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.86%. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. 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 research report on Friday, September 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday. Stifel Nicolaus boosted their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. BMO Capital Markets increased their target price on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, UBS Group lifted their price target on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday. Five equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and a consensus price target of $450.00.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,984 shares of company stock valued at $12,230,877. 1.10% of the stock is owned by corporate insiders.

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.