Edgestream Partners L.P. Invests $2.17 Million in FactSet Research Systems Inc. (NYSE:FDS)

Edgestream Partners L.P. acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,720 shares of the business services provider’s stock, valued at approximately $2,170,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDS. Raymond James Trust N.A. increased its stake in shares of FactSet Research Systems by 2.3% in the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after purchasing an additional 21 shares in the last quarter. Andina Capital Management LLC grew its stake in FactSet Research Systems by 3.8% in the 3rd quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock valued at $329,000 after buying an additional 26 shares in the last quarter. Argent Trust Co raised its holdings in FactSet Research Systems by 2.1% during the 2nd quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock valued at $536,000 after acquiring an additional 27 shares during the period. Legacy Financial Advisors Inc. lifted its position in shares of FactSet Research Systems by 4.0% during the second quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock worth $341,000 after acquiring an additional 32 shares in the last quarter. Finally, HBK Sorce Advisory LLC boosted its holdings in shares of FactSet Research Systems by 4.8% in the second quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider’s stock worth $300,000 after acquiring an additional 34 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, the executive vice president now owns 23,515 shares of the company’s stock, valued at $10,726,367.25. The trade was a 37.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the sale, the chief executive officer now directly owns 12,987 shares in the company, valued at approximately $5,910,253.83. This represents a 18.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,984 shares of company stock valued at $10,981,107. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FDS has been the topic of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, November 15th. BMO Capital Markets increased their price target on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Stifel Nicolaus raised their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Evercore ISI started coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. Finally, Redburn Atlantic downgraded 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. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $450.00.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $489.47 on Tuesday. The firm has a market cap of $18.59 billion, a P/E ratio of 35.21, a P/E/G ratio of 3.15 and a beta of 0.75. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The business’s 50 day moving average price is $469.38 and its 200-day moving average price is $437.36. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating 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 business had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter in the previous year, the business posted $2.93 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 annualized dividend and a yield of 0.85%. FactSet Research Systems’s dividend payout ratio (DPR) 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.