Mitchell & Pahl Private Wealth LLC Increases Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Mitchell & Pahl Private Wealth LLC raised its stake in FactSet Research Systems Inc. (NYSE:FDS) by 2.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,861 shares of the business services provider’s stock after purchasing an additional 37 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in FactSet Research Systems were worth $856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of FactSet Research Systems by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock valued at $2,077,267,000 after acquiring an additional 11,974 shares during the period. Ninety One UK Ltd boosted its stake in FactSet Research Systems by 0.9% during the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock worth $496,645,000 after purchasing an additional 10,928 shares during the period. PineStone Asset Management Inc. grew 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 worth $111,447,000 after purchasing an additional 94,952 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in FactSet Research Systems by 3.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider’s stock valued at $120,178,000 after purchasing an additional 9,925 shares during the period. Finally, Tandem Investment Advisors Inc. raised its holdings in shares of 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 buying an additional 3,485 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on FDS shares. Evercore ISI initiated coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective for the company. UBS Group increased their price target on FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Royal Bank of Canada upped their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. BMO Capital Markets lifted their target price on shares of FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Finally, Stifel Nicolaus increased their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Five equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $443.57.

Insider Transactions at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,362 shares of company stock valued at $12,688,945 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Price Performance

FDS stock traded up $0.09 during midday trading on Thursday, hitting $470.55. 36,039 shares of the stock were exchanged, compared to its average volume of 263,425. The stock’s 50-day moving average price is $436.69 and its 200-day moving average price is $427.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.79 and a current ratio of 1.25. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 3.01 and a beta of 0.75. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $488.64.

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 (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 the consensus estimate of $547.06 million. During the same quarter in the previous year, the company posted $2.93 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Research analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were given a $1.04 dividend. The ex-dividend date was Friday, August 30th. This represents a $4.16 annualized dividend and a dividend yield of 0.88%. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

FactSet Research Systems 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.