Icon Wealth Advisors LLC Has $2.03 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Icon Wealth Advisors LLC increased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 1,068.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,416 shares of the business services provider’s stock after acquiring an additional 4,038 shares during the quarter. Icon Wealth Advisors LLC’s holdings in FactSet Research Systems were worth $2,031,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Millennium Management LLC grew its holdings in FactSet Research Systems by 2,873.9% during the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock worth $48,822,000 after acquiring an additional 115,561 shares during the period. PineStone Asset Management Inc. boosted its position in shares of FactSet Research Systems by 53.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after purchasing an additional 94,952 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in FactSet Research Systems during the third quarter worth approximately $38,909,000. Dimensional Fund Advisors LP increased its holdings in FactSet Research Systems by 21.5% in the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after purchasing an additional 41,717 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its stake in FactSet Research Systems by 9.3% in the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock valued at $136,267,000 after buying an additional 25,294 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider John Costigan sold 1,622 shares of the 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 represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 directly owns 12,987 shares in the company, valued at approximately $5,910,253.83. This represents a 18.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,984 shares of company stock valued at $12,230,877. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Up 0.4 %

FDS stock opened at $487.62 on Friday. The firm has a market capitalization of $18.52 billion, a PE ratio of 35.08, a P/E/G ratio of 3.12 and a beta of 0.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The stock’s 50 day moving average is $466.05 and its 200-day moving average is $435.59.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data 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. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same period last year, the business earned $2.93 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s payout ratio is 29.93%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Royal Bank of Canada reaffirmed 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. Wells Fargo & Company raised their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Evercore ISI began coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective on the stock. UBS Group raised their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, BMO Capital Markets boosted their target price on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and an average price target 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.