Buckingham Capital Management Inc. Takes Position in FactSet Research Systems Inc. (NYSE:FDS)

Buckingham Capital Management Inc. purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 470 shares of the business services provider’s stock, valued at approximately $216,000.

A number of other large investors also recently bought and sold shares of FDS. Venturi Wealth Management LLC lifted its holdings in shares of FactSet Research Systems by 12.6% during the third quarter. Venturi Wealth Management LLC now owns 3,117 shares of the business services provider’s stock valued at $1,433,000 after purchasing an additional 350 shares during the last quarter. Ashton Thomas Securities LLC boosted its holdings in FactSet Research Systems by 17.8% in the third quarter. Ashton Thomas Securities LLC now owns 1,011 shares of the business services provider’s stock worth $465,000 after acquiring an additional 153 shares in the last quarter. Jensen Investment Management Inc. grew its stake in shares of FactSet Research Systems by 11.6% in the third quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider’s stock worth $5,518,000 after acquiring an additional 1,250 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of FactSet Research Systems by 5.9% during the third quarter. Axxcess Wealth Management LLC now owns 2,477 shares of the business services provider’s stock valued at $1,139,000 after acquiring an additional 139 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in FactSet Research Systems in the 3rd quarter worth about $34,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Christopher R. Ellis sold 13,952 shares of the company’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 directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 sale, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,380,259.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,362 shares of company stock worth $11,450,695 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

FactSet Research Systems Trading Up 0.8 %

NYSE:FDS opened at $477.46 on Monday. The business has a fifty day moving average price of $455.49 and a 200-day moving average price of $431.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64. The firm has a market capitalization of $18.14 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 3.16 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The company had revenue of $562.20 million for 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%. FactSet Research Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.93 EPS. Sell-side analysts forecast that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on FDS. Redburn Atlantic cut 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. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Royal Bank of Canada boosted their target price on FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. BMO Capital Markets raised their price target on shares of FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Finally, UBS Group boosted their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Five equities research 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 a consensus rating of “Hold” and a consensus price target of $443.57.

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.