10,877 Shares in FactSet Research Systems Inc. (NYSE:FDS) Purchased by Prana Capital Management LP

Prana Capital Management LP purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the 3rd quarter, Holdings Channel reports. The firm purchased 10,877 shares of the business services provider’s stock, valued at approximately $5,002,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Trust N.A. increased its position in FactSet Research Systems by 2.3% during 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 during the last quarter. Andina Capital Management LLC raised its stake in shares of 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 acquiring an additional 26 shares during the period. Argent Trust Co lifted its holdings in shares of 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 in the last quarter. Legacy Financial Advisors Inc. boosted its position in FactSet Research Systems by 4.0% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock worth $341,000 after purchasing an additional 32 shares during the period. Finally, HBK Sorce Advisory LLC increased its holdings in FactSet Research Systems by 4.8% in the 2nd quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider’s stock valued at $300,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the subject of several analyst reports. Stifel Nicolaus upped their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, November 15th. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Evercore ISI assumed coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price for the company. Finally, Wells Fargo & Company upped their price target 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. Five research analysts have rated the stock with a sell rating and nine have assigned 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.

Insider Buying and Selling

In other news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the transaction, the executive vice president now owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 37.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,984 shares of company stock valued at $10,981,107. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock opened at $485.75 on Wednesday. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The company’s 50-day moving average price is $469.79 and its two-hundred day moving average price is $437.67. The stock has a market cap of $18.45 billion, a PE ratio of 34.95, a price-to-earnings-growth ratio of 3.14 and a beta of 0.76.

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 (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.12. The firm had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.93 earnings per share. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 yield of 0.86%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s payout ratio is 29.93%.

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.