Jensen Investment Management Inc. Boosts Position in FactSet Research Systems Inc. (NYSE:FDS)

Jensen Investment Management Inc. grew its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 11.6% during the 3rd quarter, Holdings Channel reports. The fund owned 12,000 shares of the business services provider’s stock after purchasing an additional 1,250 shares during the period. Jensen Investment Management Inc.’s holdings in FactSet Research Systems were worth $5,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Andina Capital Management LLC raised its stake in FactSet Research Systems by 3.8% in the 3rd quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock valued at $329,000 after purchasing an additional 26 shares during the last quarter. Argent Trust Co raised its position in shares of FactSet Research Systems by 2.1% in the second quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock valued at $536,000 after buying an additional 27 shares during the last quarter. Legacy Financial Advisors Inc. lifted its stake in shares of FactSet Research Systems by 4.0% in the second quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock worth $341,000 after buying an additional 32 shares in the last quarter. HBK Sorce Advisory LLC lifted its stake in shares of FactSet Research Systems by 4.8% in the second quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider’s stock worth $300,000 after buying an additional 34 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC boosted its position in FactSet Research Systems by 2.0% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 1,861 shares of the business services provider’s stock worth $856,000 after acquiring an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 0.8 %

FDS traded up $3.58 during mid-day trading on Friday, hitting $477.46. 256,149 shares of the stock were exchanged, compared to its average volume of 214,713. The company has a market cap of $18.14 billion, a PE ratio of 34.35, a PEG ratio of 3.16 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. The firm’s fifty day moving average is $455.49 and its two-hundred day moving average is $431.36. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating the consensus estimate of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.93 earnings per share. Equities analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.87%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.93%.

Wall Street Analyst Weigh In

FDS has been the topic of a number of research reports. BMO Capital Markets raised 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. Wells Fargo & Company boosted their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Royal Bank of Canada upped their target price 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. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, UBS Group upped 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 assigned a hold rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and an average price target of $443.57.

Insider Transactions at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Christopher R. Ellis sold 13,952 shares of the firm’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 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James J. Mcgonigle sold 5,410 shares of the business’s stock in a transaction 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 transaction, the director now owns 5,283 shares of the company’s stock, valued at approximately $2,413,432.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,362 shares of company stock valued at $11,450,695. 1.00% of the stock is currently owned by company insiders.

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.