FactSet Research Systems Inc. (NYSE:FDS) Stake Decreased by Logan Capital Management Inc.

Logan Capital Management Inc. reduced its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 8.8% during the 3rd quarter, Holdings Channel reports. The fund owned 3,277 shares of the business services provider’s stock after selling 315 shares during the quarter. Logan Capital Management Inc.’s holdings in FactSet Research Systems were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in FDS. Natixis Advisors LLC increased its holdings in shares of FactSet Research Systems by 1.1% during the third quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock valued at $55,621,000 after purchasing an additional 1,260 shares during the period. Jensen Investment Management Inc. raised its position in shares of FactSet Research Systems by 11.6% during the 3rd quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider’s stock worth $5,518,000 after buying an additional 1,250 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of FactSet Research Systems by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 101,322 shares of the business services provider’s stock worth $41,367,000 after acquiring an additional 1,699 shares during the period. Intech Investment Management LLC boosted its holdings in shares of FactSet Research Systems by 29.4% in the third 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of FactSet Research Systems by 12.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,938 shares of the business services provider’s stock valued at $6,099,000 after acquiring an additional 1,675 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FDS shares. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, November 15th. Stifel Nicolaus lifted their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Morgan Stanley upped their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday. Finally, UBS Group raised their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $451.85.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $489.07 on Friday. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The firm’s 50 day simple moving average is $474.46 and its 200-day simple moving average is $440.27. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $18.58 billion, a P/E ratio of 35.18, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. The firm had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.93 EPS. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

Insider Buying and Selling

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction on 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 of the company’s stock, valued at $10,726,367.25. This trade represents a 37.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,984 shares of company stock valued at $10,981,107. Corporate insiders own 1.10% of the company’s stock.

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.