American Capital Management Inc. Reduces Position in FactSet Research Systems Inc. (NYSE:FDS)

American Capital Management Inc. reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 185,143 shares of the business services provider’s stock after selling 1,380 shares during the period. FactSet Research Systems comprises about 2.8% of American Capital Management Inc.’s holdings, making the stock its 12th largest position. American Capital Management Inc.’s holdings in FactSet Research Systems were worth $85,138,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SteelPeak Wealth LLC raised its holdings in FactSet Research Systems by 134.1% during the second quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock worth $1,073,000 after purchasing an additional 1,506 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in FactSet Research Systems by 3.1% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock worth $20,321,000 after acquiring an additional 1,389 shares in the last quarter. Cetera Investment Advisers lifted its position in 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 acquiring an additional 3,683 shares during the last quarter. Tidal Investments LLC lifted its position in FactSet Research Systems by 225.1% in the first quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock valued at $1,065,000 after acquiring an additional 1,623 shares during the last quarter. Finally, Jensen Investment Management Inc. boosted its stake in FactSet Research Systems by 11.6% in the third quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider’s stock valued at $5,518,000 after acquiring an additional 1,250 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

Shares of NYSE:FDS opened at $490.67 on Friday. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a 50-day moving average price of $469.38 and a 200 day moving average price of $437.45. The company has a market cap of $18.64 billion, a P/E ratio of 35.30, a PEG ratio of 3.15 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 (NYSE:FDS) last posted its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating 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 analysts’ expectations of $547.06 million. During the same period last year, the firm earned $2.93 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.85%. FactSet Research Systems’s dividend payout ratio is presently 29.93%.

Analyst Ratings Changes

FDS has been the subject of several research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, November 15th. Evercore ISI initiated coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective for the company. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. UBS Group lifted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. 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 research note 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $450.00.

Insider Activity at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the firm’s 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 transaction, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $5,380,259.85. The trade was a 18.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,984 shares of company stock worth $12,230,877 over the last 90 days. Company insiders own 1.10% of the company’s stock.

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.