Hartford Investment Management Co. Trims Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Hartford Investment Management Co. lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,389 shares of the business services provider’s stock after selling 57 shares during the period. Hartford Investment Management Co.’s holdings in FactSet Research Systems were worth $1,099,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC raised its position in FactSet Research Systems by 2,873.9% in the second quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock worth $48,822,000 after acquiring an additional 115,561 shares during the period. PineStone Asset Management Inc. raised its holdings in FactSet Research Systems by 53.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after purchasing an additional 94,952 shares during the period. Norden Group LLC lifted its position in FactSet Research Systems by 1,844.5% during the first quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock valued at $20,761,000 after purchasing an additional 43,346 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in FactSet Research Systems by 21.5% during the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock valued at $96,113,000 after purchasing an additional 41,717 shares during the period. Finally, BNP Paribas Financial Markets increased its position in FactSet Research Systems by 198.2% in the first quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider’s stock worth $23,352,000 after buying an additional 34,156 shares in 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 other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,362 shares of company stock worth $12,688,945 over the last ninety days. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Stock Down 0.4 %

NYSE FDS opened at $454.94 on Friday. The stock has a 50 day moving average price of $445.18 and a 200-day moving average price of $428.91. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64. The company has a market capitalization of $17.31 billion, a P/E ratio of 34.31, a P/E/G ratio of 3.01 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.79 and a current ratio of 1.25.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 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 $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same period last year, the company posted $2.93 EPS. The business’s revenue was up 4.9% on a year-over-year basis. As a group, equities analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a dividend of $1.04 per share. The ex-dividend date was Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 0.91%. FactSet Research Systems’s payout ratio is currently 31.37%.

Analysts Set New Price Targets

FDS has been the subject of a number of recent research reports. Evercore ISI began coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective for the company. Royal Bank of Canada upped their price target on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Wells Fargo & Company raised their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. Stifel Nicolaus increased their price target on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Finally, BMO Capital Markets raised their price target on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $443.57.

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.