Dock Street Asset Management Inc. Decreases Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Dock Street Asset Management Inc. lessened its stake in FactSet Research Systems Inc. (NYSE:FDS) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,677 shares of the business services provider’s stock after selling 349 shares during the period. FactSet Research Systems comprises about 1.2% of Dock Street Asset Management Inc.’s holdings, making the stock its 23rd largest holding. Dock Street Asset Management Inc. owned approximately 0.05% of FactSet Research Systems worth $9,049,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. boosted its stake in shares of FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares during the period. Crewe Advisors LLC grew its holdings in FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares during the last quarter. Quest Partners LLC grew its holdings in FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Gladius Capital Management LP bought a new position in shares of FactSet Research Systems during the second quarter valued at about $33,000. Finally, SJS Investment Consulting Inc. raised its stake in shares of FactSet Research Systems by 300.0% during the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Evercore ISI assumed coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target on the stock. Royal Bank of Canada boosted their target price on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research note on Friday, September 20th. BMO Capital Markets raised their price target on FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Morgan Stanley lifted their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a report on Monday, June 24th. Finally, UBS Group upped their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Five analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and a consensus target price of $443.57.

Insider Activity at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This represents a 0.00 % 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. In other news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction on Thursday, September 26th. The stock was 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 directly owns 23,515 shares of the company’s stock, valued at $10,726,367.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,362 shares of company stock valued at $12,688,945. 1.00% of the stock is owned by insiders.

FactSet Research Systems Stock Down 0.9 %

FDS traded down $4.11 during midday trading on Tuesday, reaching $464.82. The company’s stock had a trading volume of 24,395 shares, compared to its average volume of 262,663. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The stock’s 50-day moving average is $440.87 and its 200-day moving average is $428.14. The firm has a market capitalization of $17.68 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 3.01 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 1.79 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 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. The company had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.93 EPS. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business 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. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, August 30th. 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.