Trust Asset Management LLC Invests $202,000 in FactSet Research Systems Inc. (NYSE:FDS)

Trust Asset Management LLC purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the 3rd quarter, HoldingsChannel reports. The fund purchased 439 shares of the business services provider’s stock, valued at approximately $202,000.

Other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in FactSet Research Systems by 12.4% during the 3rd quarter. Fisher Asset Management LLC now owns 25,185 shares of the business services provider’s stock worth $11,581,000 after purchasing an additional 2,776 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of FactSet Research Systems by 2.5% in the third quarter. Daiwa Securities Group Inc. now owns 8,943 shares of the business services provider’s stock worth $4,113,000 after purchasing an additional 222 shares during the period. Summit Trail Advisors LLC purchased a new stake in shares of FactSet Research Systems in the third quarter worth $417,000. Larson Financial Group LLC boosted its stake in FactSet Research Systems by 38.0% during the third quarter. Larson Financial Group LLC now owns 617 shares of the business services provider’s stock valued at $284,000 after buying an additional 170 shares during the period. Finally, Palisade Asset Management LLC increased its stake in FactSet Research Systems by 20.8% in the 3rd quarter. Palisade Asset Management LLC now owns 2,325 shares of the business services provider’s stock worth $1,069,000 after acquiring an additional 400 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 0.2 %

Shares of NYSE FDS traded down $1.18 during mid-day trading on Monday, hitting $486.44. The stock had a trading volume of 2,305 shares, compared to its average volume of 260,898. The business has a 50 day moving average price of $466.05 and a two-hundred day moving average price of $435.60. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $18.48 billion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 3.13 and a beta of 0.75.

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. The business had revenue of $562.20 million for 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 company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.93 EPS. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

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 given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s payout ratio is 29.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Evercore ISI began coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price on the stock. Stifel Nicolaus lifted their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. BMO Capital Markets lifted 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. UBS Group raised their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company boosted their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Five equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $450.00.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,380,259.85. This trade represents a 18.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the executive vice president now owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,984 shares of company stock worth $12,230,877. 1.10% of the stock is currently owned by company insiders.

FactSet Research Systems 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.