Caprock Group LLC Cuts Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Caprock Group LLC lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 14.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 558 shares of the business services provider’s stock after selling 95 shares during the quarter. Caprock Group LLC’s holdings in FactSet Research Systems were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of FactSet Research Systems during the 3rd quarter valued at about $26,000. UMB Bank n.a. lifted its stake in shares of FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC grew its position in shares of FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 60 shares in the last quarter. Quest Partners LLC grew its stake in FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new stake in shares of FactSet Research Systems during the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insiders Place Their Bets

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 transaction of $780,182.00. Following the transaction, the insider now owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the transaction, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at $10,726,367.25. This represents a 37.24 % 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 valued at $12,230,877 in the last quarter. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FDS shares. Wells Fargo & Company raised 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. UBS Group upped their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Evercore ISI began coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. BMO Capital Markets increased their price target on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Finally, Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their target price for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $450.00.

FactSet Research Systems Stock Up 0.4 %

Shares of NYSE FDS opened at $487.62 on Monday. The firm’s 50-day moving average is $466.05 and its 200-day moving average is $435.60. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The firm has a market capitalization of $18.52 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65.

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 business had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same quarter last year, the firm earned $2.93 EPS. FactSet Research Systems’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued 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 dividend yield of 0.85%. FactSet Research Systems’s payout ratio is presently 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.