FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.8% in the third quarter, Holdings Channel.com reports. The fund owned 1,001,924 shares of the business services provider’s stock after acquiring an additional 8,376 shares during the quarter. Geode Capital Management LLC’s holdings in FactSet Research Systems were worth $460,467,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FDS. State Street Corp lifted its holdings in FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after purchasing an additional 42,303 shares in the last quarter. Ninety One UK Ltd lifted its stake in FactSet Research Systems by 0.9% in 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of FactSet Research Systems by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock valued at $171,702,000 after purchasing an additional 4,113 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of FactSet Research Systems by 9.3% in the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock valued at $136,267,000 after purchasing an additional 25,294 shares in the last quarter. Finally, PineStone Asset Management Inc. increased its holdings in shares of FactSet Research Systems by 0.4% in the third quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider’s stock valued at $126,000,000 after purchasing an additional 1,030 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Down 0.3 %

FDS stock opened at $488.68 on Friday. The stock has a market cap of $18.56 billion, a P/E ratio of 35.16, a PEG ratio of 3.08 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The company’s 50 day moving average is $473.82 and its two-hundred day moving average is $439.90.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $547.06 million. During the same period last year, the business earned $2.93 EPS. FactSet Research Systems’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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

Insider Buying and Selling

In other news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now directly owns 299 shares in the company, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the completion of the transaction, the chief executive officer now directly owns 12,987 shares in the company, valued at $5,910,253.83. The trade was a 18.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,984 shares of company stock worth $10,981,107 in the last quarter. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports 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 report on Friday, September 20th. BMO Capital Markets increased their target price on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. UBS Group boosted their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Evercore ISI assumed 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. Finally, Morgan Stanley upped their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and an average price target of $451.85.

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.