National Bank of Canada FI Acquires 1,829 Shares of FactSet Research Systems Inc. (NYSE:FDS)

National Bank of Canada FI grew its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,243 shares of the business services provider’s stock after purchasing an additional 1,829 shares during the quarter. National Bank of Canada FI’s holdings in FactSet Research Systems were worth $12,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp grew its stake in shares of FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after buying an additional 42,303 shares during the period. Ninety One UK Ltd raised its holdings in shares of FactSet Research Systems by 0.9% in the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock valued at $496,645,000 after purchasing an additional 10,928 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of FactSet Research Systems by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock worth $171,702,000 after buying an additional 4,113 shares in the last quarter. Boston Trust Walden Corp boosted its stake in shares of FactSet Research Systems by 9.3% in the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after buying an additional 25,294 shares during the last quarter. Finally, PineStone Asset Management Inc. grew its holdings in shares of FactSet Research Systems by 0.4% in the third quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider’s stock valued at $126,000,000 after acquiring an additional 1,030 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Wells Fargo & Company boosted their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, November 15th. Stifel Nicolaus boosted their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and a consensus price target of $447.69.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James J. Mcgonigle sold 5,410 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the transaction, the director now owns 5,283 shares in the company, valued at $2,413,432.89. This represents a 50.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,984 shares of company stock valued at $10,981,107. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $483.73 on Wednesday. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a market cap of $18.38 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 3.08 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $472.57 and a 200-day moving average price of $439.20.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $547.06 million. During the same quarter last year, the business posted $2.93 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.86%. FactSet Research Systems’s dividend payout ratio (DPR) 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.