Radnor Capital Management LLC Acquires New Position in FactSet Research Systems Inc. (NYSE:FDS)

Radnor Capital Management LLC bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) during the third quarter, HoldingsChannel.com reports. The firm bought 2,610 shares of the business services provider’s stock, valued at approximately $1,200,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDS. Catalyst Capital Advisors LLC acquired a new stake in shares of FactSet Research Systems in the third quarter valued at $26,000. UMB Bank n.a. raised its position in 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 purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC boosted 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 position in shares of FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new position in shares of FactSet Research Systems during the second quarter worth about $33,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

FDS stock opened at $478.77 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $18.19 billion, a P/E ratio of 34.44, a PEG ratio of 3.05 and a beta of 0.75. The business has a 50 day simple moving average of $451.96 and a 200-day simple moving average of $430.37. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $488.64.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) 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 company had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same period last year, the firm posted $2.93 EPS. FactSet Research Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the transaction, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $5,380,259.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the transaction, the executive vice president now owns 23,515 shares in the company, valued at $10,726,367.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,362 shares of company stock valued at $11,450,695 in the last ninety days. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. UBS Group lifted their price objective 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. BMO Capital Markets increased their target price on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Royal Bank of Canada lifted their price target on FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Finally, Evercore ISI assumed coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective on the stock. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $443.57.

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.