L. Roy Papp & Associates LLP Trims Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

L. Roy Papp & Associates LLP trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,053 shares of the business services provider’s stock after selling 222 shares during the period. FactSet Research Systems accounts for 1.1% of L. Roy Papp & Associates LLP’s portfolio, making the stock its 26th biggest position. L. Roy Papp & Associates LLP’s holdings in FactSet Research Systems were worth $8,762,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mattern Capital Management LLC boosted its holdings in FactSet Research Systems by 0.6% in the third quarter. Mattern Capital Management LLC now owns 18,824 shares of the business services provider’s stock worth $8,656,000 after acquiring an additional 111 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in FactSet Research Systems by 9.3% in the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after acquiring an additional 25,294 shares in the last quarter. Covenant Partners LLC boosted its holdings in FactSet Research Systems by 9.6% in the third quarter. Covenant Partners LLC now owns 968 shares of the business services provider’s stock worth $445,000 after acquiring an additional 85 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in FactSet Research Systems by 19.5% in the third quarter. Arkadios Wealth Advisors now owns 2,596 shares of the business services provider’s stock worth $1,194,000 after acquiring an additional 423 shares in the last quarter. Finally, Forsta AP Fonden boosted its holdings in FactSet Research Systems by 3.1% in the third quarter. Forsta AP Fonden now owns 10,100 shares of the business services provider’s stock worth $4,644,000 after acquiring an additional 300 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

FDS stock traded down $1.69 during trading on Friday, reaching $454.94. The stock had a trading volume of 199,958 shares, compared to its average volume of 207,329. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $488.64. The stock’s 50 day moving average is $445.18 and its two-hundred day moving average is $428.83. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65. The firm has a market cap of $17.31 billion, a PE ratio of 32.73, a PEG ratio of 3.08 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.93 earnings per share. As a group, equities 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 declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems’s payout ratio is 29.93%.

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 dated 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 owns 23,515 shares in the company, valued at $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 is available through this hyperlink. In related news, Director James J. Mcgonigle sold 5,410 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the sale, the director now owns 5,283 shares in the company, valued at approximately $2,413,432.89. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction dated 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 owns 23,515 shares of the company’s stock, valued at $10,726,367.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,362 shares of company stock worth $12,688,945 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on FDS. UBS Group boosted their target price on FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Royal Bank of Canada upped their price target on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a report on Friday, September 20th. BMO Capital Markets upped their price target on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Evercore ISI began coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on 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 issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $443.57.

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.