M3 Advisory Group LLC Makes New $245,000 Investment in FactSet Research Systems Inc. (NYSE:FDS)

M3 Advisory Group LLC purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 532 shares of the business services provider’s stock, valued at approximately $245,000.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. grew its holdings in FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after purchasing an additional 39 shares during the period. Crewe Advisors LLC lifted its position in shares of FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 60 shares in the last quarter. Quest Partners LLC lifted its position in shares of FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of FactSet Research Systems during the second quarter valued at about $33,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of FactSet Research Systems by 300.0% during the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 66 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Trading Down 0.2 %

Shares of NYSE:FDS traded down $1.16 on Friday, hitting $471.31. The company had a trading volume of 29,827 shares, compared to its average volume of 263,168. The firm’s 50-day simple moving average is $438.07 and its two-hundred day simple moving average is $427.83. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $17.93 billion, a price-to-earnings ratio of 35.63, a P/E/G ratio of 3.01 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping the consensus estimate of $3.62 by $0.12. The firm had revenue of $562.20 million during 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%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $2.93 EPS. Equities analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.88%. FactSet Research Systems’s dividend payout ratio is currently 31.37%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the firm’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 completion of the sale, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, September 26th. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James J. Mcgonigle sold 5,410 shares of FactSet Research Systems stock in a transaction that occurred on 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 of the company’s stock, valued at $2,413,432.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,362 shares of company stock worth $12,688,945. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FDS shares. UBS Group raised their price target on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Stifel Nicolaus lifted 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 note on Friday, September 20th. BMO Capital Markets lifted their target price on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Royal Bank of Canada upped their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Finally, Wells Fargo & Company upped their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and nine have assigned 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 $443.57.

FactSet Research Systems Company 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.