Geode Capital Management LLC Grows Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Geode Capital Management LLC grew its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,001,924 shares of the business services provider’s stock after purchasing an additional 8,376 shares during the quarter. Geode Capital Management LLC owned approximately 2.64% of FactSet Research Systems worth $460,467,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC purchased a new stake in FactSet Research Systems in the 3rd quarter valued at about $26,000. UMB Bank n.a. raised its stake in shares of FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC boosted its holdings in shares of FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the period. 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 purchased a new position in FactSet Research Systems during the 2nd quarter worth $33,000. 91.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Evercore ISI started coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, November 15th. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus lifted their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $451.85.

FactSet Research Systems Stock Performance

Shares of FDS opened at $488.68 on Friday. 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 firm has a market cap of $18.56 billion, a PE ratio of 35.16, a P/E/G ratio of 3.08 and a beta of 0.76. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The stock has a fifty day moving average price of $473.82 and a 200-day moving average price of $439.90.

FactSet Research Systems (NYSE:FDS) last released 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 return on equity of 34.77% and a net margin of 24.38%. The company had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same period last year, the business posted $2.93 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 29.93%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 23,515 shares in the company, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,984 shares of company stock worth $10,981,107. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Company 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.