Private Trust Co. NA Sells 183 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Private Trust Co. NA reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDSFree Report) by 40.5% in the third quarter, HoldingsChannel reports. The firm owned 269 shares of the business services provider’s stock after selling 183 shares during the period. Private Trust Co. NA’s holdings in FactSet Research Systems were worth $124,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its holdings in shares of FactSet Research Systems by 53.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 744 shares of the business services provider’s stock valued at $325,000 after buying an additional 258 shares in the last quarter. Tidal Investments LLC increased its position in shares of FactSet Research Systems by 225.1% during the first quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock worth $1,065,000 after purchasing an additional 1,623 shares in the last quarter. Comerica Bank increased its position in shares of FactSet Research Systems by 4.8% during the first quarter. Comerica Bank now owns 15,083 shares of the business services provider’s stock worth $6,853,000 after purchasing an additional 697 shares in the last quarter. Swedbank AB purchased a new stake in shares of FactSet Research Systems during the 1st quarter valued at $84,000. Finally, Cetera Investment Advisers boosted its position in shares of FactSet Research Systems by 214.5% in the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock worth $2,454,000 after purchasing an additional 3,683 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the sale, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This represents a 18.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,984 shares of company stock worth $12,230,877. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Up 0.6 %

Shares of FDS opened at $491.44 on Friday. The company has a market capitalization of $18.67 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 3.14 and a beta of 0.75. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The stock’s 50-day moving average price is $468.88 and its 200-day moving average price is $437.09. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDSGet Free Report) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping the consensus estimate of $3.62 by $0.12. The business had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.93 EPS. On average, sell-side analysts predict 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. Shareholders of record on Friday, November 29th will be issued a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a yield of 0.85%. FactSet Research Systems’s payout ratio is 29.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FDS shares. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price target for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Evercore ISI began coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Wells Fargo & Company upped their price target on shares of 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, November 15th. Five analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $450.00.

Read Our Latest Stock Analysis on FDS

FactSet Research Systems Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDSFree Report).

Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.