FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 25.7% in the 3rd quarter, Holdings Channel reports. The firm owned 575 shares of the business services provider’s stock after selling 199 shares during the quarter. Wellington Management Group LLP’s holdings in FactSet Research Systems were worth $264,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FDS. Blue Trust Inc. increased its holdings in FactSet Research Systems by 69.5% in the second quarter. Blue Trust Inc. now owns 139 shares of the business services provider’s stock valued at $57,000 after buying an additional 57 shares in the last quarter. Fifth Third Bancorp increased its stake in FactSet Research Systems by 5.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,169 shares of the business services provider’s stock valued at $477,000 after purchasing an additional 61 shares in the last quarter. Institute for Wealth Management LLC. raised its holdings in FactSet Research Systems by 14.8% during the second quarter. Institute for Wealth Management LLC. now owns 1,820 shares of the business services provider’s stock worth $743,000 after purchasing an additional 234 shares during the last quarter. AMG National Trust Bank boosted its position in FactSet Research Systems by 100.0% during the second quarter. AMG National Trust Bank now owns 1,150 shares of the business services provider’s stock worth $470,000 after purchasing an additional 575 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. grew its holdings in FactSet Research Systems by 15.9% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 1,770 shares of the business services provider’s stock valued at $723,000 after purchasing an additional 243 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE FDS opened at $483.52 on Friday. The business’s 50-day moving average price is $476.92 and its 200 day moving average price is $442.24. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The company has a market capitalization of $18.37 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same period in the prior year, the firm posted $4.12 EPS. The company’s revenue was up 4.9% on a year-over-year basis. On average, research analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.86%. FactSet Research Systems’s dividend payout ratio is presently 29.93%.

Insider Transactions at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction that occurred 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 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. This represents 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 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 owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,984 shares of company stock worth $10,981,107 in the last ninety days. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FDS shares. Morgan Stanley boosted 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. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price target for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Wells Fargo & Company raised their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday. Finally, Evercore ISI started coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $453.69.

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.