Trust Asset Management LLC Makes New Investment in FactSet Research Systems Inc. (NYSE:FDS)

Trust Asset Management LLC purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 439 shares of the business services provider’s stock, valued at approximately $202,000.

Several other large investors have also recently modified their holdings of FDS. Gabelli Funds LLC raised its position in FactSet Research Systems by 16.7% during the 1st quarter. Gabelli Funds LLC now owns 700 shares of the business services provider’s stock worth $318,000 after purchasing an additional 100 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in shares of FactSet Research Systems by 10.8% in the first 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. B. Riley Wealth Advisors Inc. boosted its holdings in FactSet Research Systems by 53.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 744 shares of the business services provider’s stock valued at $325,000 after acquiring an additional 258 shares during the last quarter. Tidal Investments LLC increased its position in FactSet Research Systems by 225.1% during the 1st quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock valued at $1,065,000 after purchasing an additional 1,623 shares during the period. Finally, Hancock Whitney Corp raised its holdings in FactSet Research Systems by 3.0% during the 1st quarter. Hancock Whitney Corp now owns 28,646 shares of the business services provider’s stock worth $13,016,000 after purchasing an additional 828 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on 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 sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,380,259.85. This trade represents a 18.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the transaction, the executive vice president now owns 23,515 shares in the company, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,984 shares of company stock valued at $12,230,877 over the last 90 days. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Down 0.2 %

Shares of FDS traded down $1.18 during trading hours on Monday, reaching $486.44. The stock had a trading volume of 2,305 shares, compared to its average volume of 260,898. The firm has a 50-day simple moving average of $466.05 and a 200 day simple moving average of $435.60. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $18.48 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 3.13 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating 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 firm 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 earned $2.93 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Equities research analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Wells Fargo & Company increased 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. UBS Group boosted their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, November 15th. Finally, Evercore ISI initiated coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. Five equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $450.00.

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.