HighTower Advisors LLC cut its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,635 shares of the business services provider's stock after selling 2,938 shares during the period. HighTower Advisors LLC owned approximately 0.26% of FactSet Research Systems worth $44,871,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the business. Catalyst Capital Advisors LLC acquired a new stake in shares of FactSet Research Systems in the 3rd quarter valued at about $26,000. UMB Bank n.a. grew its stake in shares of FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider's stock valued at $27,000 after buying an additional 39 shares during the period. Crewe Advisors LLC grew its stake in shares of FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock valued at $28,000 after buying an additional 60 shares during the period. Quest Partners LLC grew its stake in shares of FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock valued at $28,000 after buying an additional 67 shares during the period. Finally, Gladius Capital Management LP acquired a new stake in shares of FactSet Research Systems in the 2nd quarter valued at about $33,000. 91.24% of the stock is owned by institutional investors.
A number of equities analysts have issued reports on the company. UBS Group lifted their price target on FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. 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. Wells Fargo & Company lifted their price target 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. Evercore ISI assumed coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They set an "inline" rating and a $470.00 price target for the company. Finally, Redburn Atlantic downgraded FactSet Research Systems from a "neutral" rating to a "sell" rating and cut their price target 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 issued a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $450.00.
View Our Latest Research Report on FactSet Research Systems
In other FactSet Research Systems news, Director James J. Mcgonigle sold 5,410 shares of the 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 transaction, the director now directly owns 5,283 shares in the company, valued at approximately $2,413,432.89. This trade represents a 50.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was 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 owns 23,515 shares in the company, valued at $10,726,367.25. The trade was a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,984 shares of company stock worth $10,981,107. 1.10% of the stock is owned by insiders.
Shares of FDS opened at $483.57 on Thursday. The stock has a market cap of $18.37 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 3.14 and a beta of 0.76. 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 fifty-two week low of $391.84 and a fifty-two week high of $499.87. The firm's 50-day simple moving average is $470.23 and its two-hundred day simple moving average is $437.93.
FactSet Research Systems (NYSE:FDS - Get Free Report) last posted 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 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 analysts' expectations of $547.06 million. During the same quarter in the prior year, the company posted $2.93 earnings per share. The business's revenue for the quarter was up 4.9% on a year-over-year basis. Analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems's dividend payout ratio is currently 29.93%.
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.
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