Bamco Inc. NY Has $1.14 Billion Position in FactSet Research Systems Inc. (NYSE:FDS)

Bamco Inc. NY reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,478,027 shares of the business services provider’s stock after selling 174,443 shares during the quarter. FactSet Research Systems comprises about 3.0% of Bamco Inc. NY’s portfolio, making the stock its 6th biggest position. Bamco Inc. NY owned 0.07% of FactSet Research Systems worth $1,139,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ninety One UK Ltd lifted its stake in shares of 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 valued at $496,645,000 after purchasing an additional 10,928 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in 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 buying an additional 4,113 shares during the period. Boston Trust Walden Corp boosted its holdings in FactSet Research Systems by 9.3% during the third 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 last quarter. PineStone Asset Management Inc. grew its position in shares of FactSet Research Systems by 0.4% during the 3rd quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider’s stock worth $126,000,000 after buying an additional 1,030 shares during the period. Finally, Tandem Investment Advisors Inc. increased its stake in shares of FactSet Research Systems by 1.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock valued at $102,079,000 after acquiring an additional 3,485 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FDS. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, November 15th. BMO Capital Markets boosted their price target on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a report on Friday, November 15th. UBS Group raised their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company boosted their target price on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Finally, Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and a consensus price target of $450.00.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction that occurred on 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 directly owns 23,515 shares of the company’s stock, valued at $10,726,367.25. The trade was a 37.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were 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. The trade was a 18.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,984 shares of company stock valued at $12,230,877 in the last quarter. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE FDS opened at $490.67 on Monday. The firm’s 50 day simple moving average is $469.38 and its 200 day simple moving average is $437.42. The firm has a market capitalization of $18.64 billion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 3.15 and a beta of 0.75. 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 1 year low of $391.84 and a 1 year high of $499.87.

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 for the quarter, beating the consensus estimate of $3.62 by $0.12. The business had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. FactSet Research Systems’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $2.93 earnings per share. As a group, 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 business also recently disclosed 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 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio is 29.93%.

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.