FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Wendell David Associates Inc.

Wendell David Associates Inc. lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,977 shares of the business services provider’s stock after selling 710 shares during the quarter. FactSet Research Systems makes up about 1.4% of Wendell David Associates Inc.’s holdings, making the stock its 23rd biggest position. Wendell David Associates Inc. owned 0.08% of FactSet Research Systems worth $14,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Catalyst Capital Advisors LLC acquired a new position in FactSet Research Systems during the third quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at $34,000. Brooklyn Investment Group acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at $35,000. Federated Hermes Inc. acquired a new stake in FactSet Research Systems during the 2nd quarter worth $52,000. Finally, Exchange Traded Concepts LLC grew its position in FactSet Research Systems by 581.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock worth $69,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the sale, the insider now owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. UBS Group increased their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Stifel Nicolaus upped their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. BMO Capital Markets lowered their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Finally, Morgan Stanley upped their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $453.46.

FactSet Research Systems Price Performance

Shares of NYSE:FDS opened at $464.54 on Thursday. The firm has a market capitalization of $17.67 billion, a price-to-earnings ratio of 33.30, a price-to-earnings-growth ratio of 2.93 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The business’s 50 day simple moving average is $478.75 and its 200-day simple moving average is $452.66. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. FactSet Research Systems’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.12 earnings per share. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

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.