Moran Wealth Management LLC Purchases 299 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Moran Wealth Management LLC boosted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,848 shares of the business services provider’s stock after acquiring an additional 299 shares during the period. Moran Wealth Management LLC owned 0.06% of FactSet Research Systems worth $10,967,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC lifted its holdings in shares of FactSet Research Systems by 2,873.9% during the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock valued at $48,822,000 after buying an additional 115,561 shares during the period. PineStone Asset Management Inc. raised its stake in shares of FactSet Research Systems by 53.3% in the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after buying an additional 94,952 shares during the period. International Assets Investment Management LLC bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at approximately $38,909,000. Dimensional Fund Advisors LP lifted its stake in shares of FactSet Research Systems by 21.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock valued at $96,113,000 after buying an additional 41,717 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in FactSet Research Systems by 9.3% in the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after buying an additional 25,294 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 1.2 %

NYSE:FDS traded down $5.85 during mid-day trading on Wednesday, hitting $475.55. The stock had a trading volume of 20,998 shares, compared to its average volume of 261,496. 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 has a market capitalization of $18.07 billion, a PE ratio of 34.63, a PEG ratio of 3.20 and a beta of 0.75. The stock has a 50-day simple moving average of $463.55 and a two-hundred day simple moving average of $434.60.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data 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. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.93 EPS. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FDS shares. Stifel Nicolaus increased their price target on shares of 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 downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their target price for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Evercore ISI initiated coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report 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. According to data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and a consensus price target of $450.00.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated 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. This represents a 18.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were 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 directly 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 sold a total of 26,984 shares of company stock worth $12,230,877 over the last 90 days. 1.10% of the stock is owned by insiders.

About FactSet Research Systems

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.