Hartford Investment Management Co. Sells 57 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Hartford Investment Management Co. cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 2.3% during the third quarter, HoldingsChannel reports. The firm owned 2,389 shares of the business services provider’s stock after selling 57 shares during the period. Hartford Investment Management Co.’s holdings in FactSet Research Systems were worth $1,099,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in FactSet Research Systems by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock valued at $2,077,267,000 after buying an additional 11,974 shares during the period. Ninety One UK Ltd boosted 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 period. PineStone Asset Management Inc. boosted its holdings in shares of FactSet Research Systems by 53.3% in the second 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in FactSet Research Systems by 3.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider’s stock worth $120,178,000 after purchasing an additional 9,925 shares during the period. Finally, Tandem Investment Advisors Inc. increased its holdings in FactSet Research Systems by 1.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock worth $102,079,000 after purchasing an additional 3,485 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FDS shares. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Royal Bank of Canada raised their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research report on Friday, September 20th. UBS Group upped their price target on shares of FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. 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 report on Friday, September 20th. Finally, Evercore ISI initiated coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective for the company. Five research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $443.57.

Insiders Place Their Bets

In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the sale, the chief executive officer now directly owns 12,987 shares of the company’s stock, valued at $5,910,253.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 of the company’s stock, valued at $5,910,253.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James J. Mcgonigle sold 5,410 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.83, for a total value of $2,471,450.30. Following the completion of the sale, the director now owns 5,283 shares in the company, valued at approximately $2,413,432.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,362 shares of company stock valued at $12,688,945. Insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $454.94 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65. The firm has a market cap of $17.31 billion, a PE ratio of 34.31, a P/E/G ratio of 3.01 and a beta of 0.75. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $488.64. The stock has a fifty day moving average price of $445.18 and a 200-day moving average price of $428.91.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS 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 company had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same period last year, the business posted $2.93 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. FactSet Research Systems’s payout ratio is 31.37%.

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.