Nisa Investment Advisors LLC Sells 210 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Nisa Investment Advisors LLC trimmed its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,268 shares of the business services provider’s stock after selling 210 shares during the quarter. Nisa Investment Advisors LLC’s holdings in FactSet Research Systems were worth $5,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Millennium Management LLC increased its stake in shares of FactSet Research Systems by 2,873.9% during the second quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock valued at $48,822,000 after purchasing an additional 115,561 shares in the last quarter. PineStone Asset Management Inc. increased its position in FactSet Research Systems by 53.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after buying an additional 94,952 shares in the last quarter. International Assets Investment Management LLC purchased a new position in FactSet Research Systems during the third quarter valued at $38,909,000. Dimensional Fund Advisors LP boosted its holdings in FactSet Research Systems by 21.5% in the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after acquiring an additional 41,717 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of 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 acquiring an additional 34,156 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on FDS. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. BMO Capital Markets upped their target price on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Royal Bank of Canada increased their price target on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a report on Friday, September 20th. UBS Group increased their target price on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Stifel Nicolaus raised their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $443.57.

Insiders Place Their Bets

In other news, insider Catrina Harding sold 453 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $407.96, for a total transaction of $184,805.88. Following the transaction, the insider now owns 760 shares of the company’s stock, valued at approximately $310,049.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other FactSet Research Systems news, insider Catrina Harding sold 453 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $407.96, for a total value of $184,805.88. Following the transaction, the insider now owns 760 shares of the company’s stock, valued at $310,049.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 25,815 shares of company stock valued at $11,635,501 over the last 90 days. Insiders own 1.00% of the company’s stock.

FactSet Research Systems Trading Up 0.0 %

Shares of NYSE FDS opened at $454.02 on Friday. The stock has a market capitalization of $17.27 billion, a P/E ratio of 32.66, a PEG ratio of 3.08 and a beta of 0.75. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The business’s 50 day moving average is $447.89 and its two-hundred day moving average is $429.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating 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 company had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same quarter in the prior year, the firm posted $2.93 EPS. FactSet Research Systems’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.93%.

About FactSet Research Systems

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.