Raymond James Trust N.A. Purchases 21 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Raymond James Trust N.A. lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 948 shares of the business services provider’s stock after acquiring an additional 21 shares during the period. Raymond James Trust N.A.’s holdings in FactSet Research Systems were worth $436,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Ninety One UK Ltd boosted its stake in shares of FactSet Research Systems by 0.9% in the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock valued at $496,645,000 after purchasing an additional 10,928 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FactSet Research Systems by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock worth $171,702,000 after buying an additional 4,113 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of FactSet Research Systems by 9.3% during the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock valued at $136,267,000 after acquiring an additional 25,294 shares in the last quarter. PineStone Asset Management Inc. increased its holdings in FactSet Research Systems by 0.4% in the 3rd quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider’s stock worth $126,000,000 after purchasing an additional 1,030 shares in the last quarter. Finally, Tandem Investment Advisors Inc. raised its position in FactSet Research Systems by 1.4% in the second quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock valued at $102,079,000 after purchasing an additional 3,485 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price target for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, November 15th. Evercore ISI began coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective on the stock. Finally, UBS Group raised their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and an average price target of $450.00.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $490.89 on Wednesday. The business has a 50-day simple moving average of $466.79 and a 200 day simple moving average of $435.99. The firm has a market capitalization of $18.65 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 3.13 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The company had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. FactSet Research Systems’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $2.93 EPS. On average, research 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 announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s payout ratio is presently 29.93%.

Insider Buying and Selling

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the transaction, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the sale, the insider now owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,984 shares of company stock worth $12,230,877 in the last quarter. Insiders own 1.10% of the company’s stock.

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.