Massachusetts Financial Services Co. MA Sells 30,199 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Massachusetts Financial Services Co. MA lowered its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 411,684 shares of the business services provider’s stock after selling 30,199 shares during the period. Massachusetts Financial Services Co. MA’s holdings in FactSet Research Systems were worth $189,313,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Integrated Investment Consultants LLC grew its stake in shares of 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 valued at $1,200,000 after buying an additional 516 shares during the last quarter. Intech Investment Management LLC boosted its holdings in FactSet Research Systems by 29.4% during the 3rd quarter. Intech Investment Management LLC now owns 12,151 shares of the business services provider’s stock valued at $5,588,000 after acquiring an additional 2,764 shares during the period. Moran Wealth Management LLC increased its stake in FactSet Research Systems by 1.3% in the 3rd quarter. Moran Wealth Management LLC now owns 23,848 shares of the business services provider’s stock worth $10,967,000 after purchasing an additional 299 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in FactSet Research Systems by 153.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,813 shares of the business services provider’s stock worth $8,191,000 after purchasing an additional 10,791 shares during the period. Finally, Strategy Asset Managers LLC lifted its position in FactSet Research Systems by 8.2% in the third quarter. Strategy Asset Managers LLC now owns 735 shares of the business services provider’s stock valued at $338,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Transactions at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. This trade represents a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,984 shares of company stock valued at $12,230,877 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $487.62 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock has a market cap of $18.52 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 3.09 and a beta of 0.75. The business’s fifty day moving average is $466.05 and its 200 day moving average is $435.59. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping 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 the consensus estimate of $547.06 million. During the same period in the prior year, the firm earned $2.93 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Research analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 annualized dividend and a dividend yield of 0.85%. FactSet Research Systems’s payout ratio is 29.93%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Evercore ISI assumed coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective for the company. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Wells Fargo & Company boosted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target 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.