Mutual of America Capital Management LLC Decreases Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Mutual of America Capital Management LLC decreased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,685 shares of the business services provider’s stock after selling 121 shares during the period. Mutual of America Capital Management LLC’s holdings in FactSet Research Systems were worth $2,154,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FDS. Catalyst Capital Advisors LLC purchased a new stake in shares of FactSet Research Systems during the 3rd quarter worth approximately $26,000. UMB Bank n.a. lifted its holdings in shares of FactSet Research Systems by 144.4% in the 2nd 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 during the last quarter. Crewe Advisors LLC grew its position in FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares in the last quarter. Quest Partners LLC increased its stake in FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of FactSet Research Systems in the 2nd quarter valued at approximately $33,000. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Performance

FDS opened at $487.62 on Monday. The firm’s fifty day simple moving average is $466.05 and its two-hundred day simple moving average is $435.60. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The company has a market cap of $18.52 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 3.12 and a beta of 0.75. 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:FDS) last issued its earnings results 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. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same period in the previous year, the firm posted $2.93 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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 given a $1.04 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.85%. FactSet Research Systems’s payout ratio is 29.93%.

Analysts Set New Price Targets

FDS has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed 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. UBS Group raised their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Stifel Nicolaus upped their target price on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday, September 20th. BMO Capital Markets raised their price target on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Finally, Evercore ISI initiated coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective on the stock. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $450.00.

Insiders Place Their Bets

In related news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This represents a 18.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,984 shares of company stock valued at $12,230,877 over the last quarter. 1.10% of the stock is owned by 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.