FactSet Research Systems Inc. (NYSE:FDS) Stock Position Trimmed by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.8% in the third quarter, HoldingsChannel reports. The firm owned 773 shares of the business services provider’s stock after selling 22 shares during the period. Orion Portfolio Solutions LLC’s holdings in FactSet Research Systems were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd boosted its position in shares of FactSet Research Systems by 4.8% during the third quarter. XTX Topco Ltd now owns 6,771 shares of the business services provider’s stock worth $3,114,000 after buying an additional 313 shares during the period. National Bank of Canada FI raised its stake in FactSet Research Systems by 6.9% during the 3rd quarter. National Bank of Canada FI now owns 28,243 shares of the business services provider’s stock valued at $12,988,000 after acquiring an additional 1,829 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in FactSet Research Systems during the 3rd quarter worth $364,000. Kovitz Investment Group Partners LLC bought a new position in shares of FactSet Research Systems in the third quarter worth $4,070,000. Finally, Worldquant Millennium Advisors LLC increased its holdings in shares of FactSet Research Systems by 84.1% during the third quarter. Worldquant Millennium Advisors LLC now owns 34,012 shares of the business services provider’s stock valued at $15,640,000 after purchasing an additional 15,533 shares during the period. Institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FDS. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, November 15th. Evercore ISI began coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective for the company. UBS Group boosted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company increased their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $451.85.

FactSet Research Systems Stock Down 3.2 %

FactSet Research Systems stock opened at $473.05 on Thursday. The firm’s 50 day moving average price is $476.21 and its two-hundred day moving average price is $441.91. The firm has a market cap of $17.97 billion, a PE ratio of 34.03, a P/E/G ratio of 3.15 and a beta of 0.76. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $547.06 million. During the same period last year, the company earned $2.93 earnings per share. FactSet Research Systems’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

Insider Activity at FactSet Research Systems

In other news, Director James J. Mcgonigle sold 5,410 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the sale, the director now owns 5,283 shares in the company, valued at approximately $2,413,432.89. This represents a 50.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. This represents a 37.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,984 shares of company stock valued at $10,981,107. 1.10% of the stock is owned by corporate 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.