Pathstone Holdings LLC Cuts Position in FactSet Research Systems Inc. (NYSE:FDS)

Pathstone Holdings LLC reduced its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,118 shares of the business services provider’s stock after selling 146 shares during the quarter. Pathstone Holdings LLC’s holdings in FactSet Research Systems were worth $3,733,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Gabelli Funds LLC boosted its position in FactSet Research Systems by 16.7% during the 1st quarter. Gabelli Funds LLC now owns 700 shares of the business services provider’s stock worth $318,000 after purchasing an additional 100 shares during the period. Kennedy Capital Management LLC lifted its stake in shares of FactSet Research Systems by 10.8% during the first quarter. Kennedy Capital Management LLC now owns 26,856 shares of the business services provider’s stock worth $12,203,000 after purchasing an additional 2,622 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of FactSet Research Systems by 53.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 744 shares of the business services provider’s stock worth $325,000 after buying an additional 258 shares during the period. Tidal Investments LLC grew its stake in shares of FactSet Research Systems by 225.1% in the first quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock valued at $1,065,000 after buying an additional 1,623 shares in the last quarter. Finally, Hancock Whitney Corp raised its holdings in shares of FactSet Research Systems by 3.0% during the 1st quarter. Hancock Whitney Corp now owns 28,646 shares of the business services provider’s stock valued at $13,016,000 after buying an additional 828 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Buying and Selling

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. This represents a 18.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Costigan sold 1,622 shares of FactSet Research Systems 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 26,984 shares of company stock worth $12,230,877 in the last three months. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FDS. BMO Capital Markets raised their price target 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, November 15th. Evercore ISI started coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target on the stock. Wells Fargo & Company raised their price objective 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. Finally, Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $450.00.

FactSet Research Systems Stock Up 0.4 %

Shares of NYSE:FDS opened at $487.62 on Friday. The company’s fifty day moving average is $466.05 and its two-hundred day moving average is $435.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 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 $499.87. The stock has a market capitalization of $18.52 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping 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 firm had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same quarter in the prior year, the business earned $2.93 earnings per share. FactSet Research Systems’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

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 dividend on an annualized basis and a yield of 0.85%. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

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.