Connor Clark & Lunn Investment Management Ltd. Raises Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 153.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,813 shares of the business services provider’s stock after buying an additional 10,791 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in FactSet Research Systems were worth $8,191,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ninety One UK Ltd raised its stake in FactSet Research Systems by 0.9% during the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock valued at $496,645,000 after buying an additional 10,928 shares during the last quarter. Boston Trust Walden Corp boosted its stake in FactSet Research Systems by 9.3% during the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock valued at $136,267,000 after purchasing an additional 25,294 shares during the last quarter. PineStone Asset Management Inc. raised its stake in shares of FactSet Research Systems by 0.4% in the third quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider’s stock worth $126,000,000 after purchasing an additional 1,030 shares during the last quarter. Tandem Investment Advisors Inc. lifted its holdings in shares of FactSet Research Systems by 1.4% during the second quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock valued at $102,079,000 after purchasing an additional 3,485 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in 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 acquiring an additional 41,717 shares during the period. Institutional investors own 91.24% of the company’s stock.

Insiders Place Their Bets

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 37.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction 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. This represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,984 shares of company stock worth $12,230,877. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on FDS shares. UBS Group upped their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Wells Fargo & Company lifted 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. BMO Capital Markets upped their price target on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, November 15th. Finally, Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $450.00.

FactSet Research Systems Trading Up 0.4 %

FactSet Research Systems stock opened at $487.62 on Friday. The firm has a market cap of $18.52 billion, a PE ratio of 35.08, a P/E/G ratio of 3.09 and a beta of 0.75. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The stock’s 50 day simple moving average is $466.05 and its two-hundred day simple moving average is $435.59. 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 (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same period in the prior year, the firm posted $2.93 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 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.