Chevy Chase Trust Holdings LLC Cuts Stake in FactSet Research Systems Inc. (NYSE:FDS)

Chevy Chase Trust Holdings LLC lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,839 shares of the business services provider’s stock after selling 442 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of FactSet Research Systems worth $9,583,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of FactSet Research Systems during the third quarter valued at approximately $26,000. UMB Bank n.a. grew its holdings in FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after acquiring an additional 39 shares during the last quarter. Crewe Advisors LLC increased its position in shares of FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 60 shares during the period. Quest Partners LLC raised its stake in shares of FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new stake in shares of FactSet Research Systems during the second quarter worth about $33,000. 91.24% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the transaction, the chief executive officer now directly owns 12,987 shares of the company’s stock, valued at $5,910,253.83. This represents a 18.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction dated 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 owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,984 shares of company stock worth $10,981,107 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BMO Capital Markets boosted their price target on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a report on Friday, November 15th. 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 report on Friday, September 20th. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price target for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, November 15th. Finally, 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 research note on Friday, November 15th. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and an average target price of $450.00.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $478.27 on Friday. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $18.17 billion, a P/E ratio of 34.41, a PEG ratio of 3.12 and a beta of 0.76. The stock’s 50 day moving average is $470.75 and its 200 day moving average is $438.25.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.93 earnings per share. On average, equities research analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.87%. FactSet Research Systems’s dividend payout ratio is presently 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.