BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 5,893 Shares of FactSet Research Systems Inc. (NYSE:FDS)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 16.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,439 shares of the business services provider’s stock after selling 5,893 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.08% of FactSet Research Systems worth $13,997,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FDS. Ninety One UK Ltd grew its position in FactSet Research Systems by 0.9% in the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock worth $496,645,000 after purchasing an additional 10,928 shares during the last quarter. Boston Trust Walden Corp grew its position in FactSet Research Systems by 9.3% during the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after buying an additional 25,294 shares in the last quarter. PineStone Asset Management Inc. increased its stake in FactSet Research Systems by 0.4% during the third quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider’s stock valued at $126,000,000 after acquiring an additional 1,030 shares during the period. Tandem Investment Advisors Inc. raised its holdings in FactSet Research Systems by 1.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock valued at $102,079,000 after acquiring an additional 3,485 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of FactSet Research Systems by 21.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after acquiring an additional 41,717 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 0.4 %

NYSE FDS opened at $487.62 on Friday. The stock’s 50 day simple moving average is $466.05 and its 200 day simple moving average is $435.59. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The firm has a market cap of $18.52 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75. 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 (NYSE:FDS) last announced 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. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The company had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter in the prior year, the business earned $2.93 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced 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. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 29.93%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FDS. Evercore ISI initiated coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective on the stock. UBS Group boosted their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, November 15th. BMO Capital Markets upped their target price on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company raised their price target on shares of 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. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and an average target price of $450.00.

Insiders Place Their Bets

In related news, EVP Christopher R. Ellis sold 13,952 shares of the firm’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 transaction, the executive vice president now owns 23,515 shares in the company, valued at $10,726,367.25. This trade represents a 37.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This represents a 18.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,984 shares of company stock valued at $12,230,877. Insiders own 1.10% of the company’s stock.

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.