Palisade Asset Management LLC Has $1.07 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Palisade Asset Management LLC lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 20.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,325 shares of the business services provider’s stock after buying an additional 400 shares during the quarter. Palisade Asset Management LLC’s holdings in FactSet Research Systems were worth $1,069,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. SteelPeak Wealth LLC boosted its holdings in FactSet Research Systems by 134.1% in the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 1,506 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of FactSet Research Systems by 3.1% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock valued at $20,321,000 after buying an additional 1,389 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of FactSet Research Systems by 214.5% in the first quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after buying an additional 3,683 shares during the period. Tidal Investments LLC grew its position in FactSet Research Systems by 225.1% during the first quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock worth $1,065,000 after buying an additional 1,623 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its stake in FactSet Research Systems by 10.8% during the 1st quarter. Kennedy Capital Management LLC now owns 26,856 shares of the business services provider’s stock worth $12,203,000 after acquiring an additional 2,622 shares during the period. Institutional investors own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FDS shares. Stifel Nicolaus upped their target price on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Wells Fargo & Company upped 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 report on Friday, September 20th. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. UBS Group upped their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $450.00.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, Director James J. Mcgonigle sold 5,410 shares of FactSet Research Systems 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 transaction, the director now owns 5,283 shares in the company, valued at approximately $2,413,432.89. The trade was a 50.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,984 shares of company stock valued at $12,230,877. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $487.62 on Friday. The firm has a 50 day moving average of $466.05 and a 200-day moving average of $435.59. The company has a market cap of $18.52 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted 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. The firm had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.93 earnings per share. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.85%. FactSet Research Systems’s payout ratio is currently 29.93%.

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.