Raymond James Trust N.A. Purchases 21 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Raymond James Trust N.A. boosted its position in FactSet Research Systems Inc. (NYSE:FDS) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 948 shares of the business services provider’s stock after buying an additional 21 shares during the quarter. Raymond James Trust N.A.’s holdings in FactSet Research Systems were worth $436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in FactSet Research Systems by 1.1% in 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 acquiring an additional 4,113 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in FactSet Research Systems by 24.7% during the third quarter. Integrated Investment Consultants LLC now owns 2,609 shares of the business services provider’s stock worth $1,200,000 after purchasing an additional 516 shares during the period. Intech Investment Management LLC increased its stake in shares of FactSet Research Systems by 29.4% in the third quarter. Intech Investment Management LLC now owns 12,151 shares of the business services provider’s stock worth $5,588,000 after purchasing an additional 2,764 shares in the last quarter. Moran Wealth Management LLC raised its position in shares of FactSet Research Systems by 1.3% in the third quarter. Moran Wealth Management LLC now owns 23,848 shares of the business services provider’s stock valued at $10,967,000 after purchasing an additional 299 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of FactSet Research Systems by 153.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,813 shares of the business services provider’s stock valued at $8,191,000 after purchasing an additional 10,791 shares during the period. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $490.89 on Wednesday. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $18.65 billion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 3.13 and a beta of 0.75. The firm’s fifty day moving average price is $466.79 and its 200-day moving average price is $435.99.

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. 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 Announces Dividend

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

Insider Buying and Selling at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the firm’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 transaction of $780,182.00. Following the transaction, the insider now directly owns 299 shares in the company, valued at $143,819. This trade represents a 84.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,380,259.85. The trade was a 18.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,984 shares of company stock worth $12,230,877 over the last ninety days. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FDS shares. Stifel Nicolaus lifted their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday, September 20th. BMO Capital Markets lifted their price target 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. UBS Group increased their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their target price for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, Wells Fargo & Company increased 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. Five analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $450.00.

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.