Zurcher Kantonalbank Zurich Cantonalbank Has $7.01 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,241 shares of the business services provider’s stock after acquiring an additional 303 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FactSet Research Systems were worth $7,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Ninety One UK Ltd lifted its holdings in shares of FactSet Research Systems by 0.9% during the 2nd quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock valued at $496,645,000 after purchasing an additional 10,928 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in FactSet Research Systems by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock valued at $171,702,000 after buying an additional 4,113 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of 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 valued at $136,267,000 after buying an additional 25,294 shares during the period. PineStone Asset Management Inc. increased its position in shares of 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 worth $126,000,000 after acquiring an additional 1,030 shares in the last quarter. Finally, Tandem Investment Advisors Inc. raised its holdings in shares of FactSet Research Systems by 1.4% during the second quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock worth $102,079,000 after acquiring an additional 3,485 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, Director James J. Mcgonigle sold 5,410 shares of the 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 in the company, valued at $2,413,432.89. This trade represents a 50.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Costigan sold 1,622 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. The trade was a 84.44 % decrease in their position. 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 owned by insiders.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $490.67 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average price is $469.38 and its two-hundred day moving average price is $437.42. The company has a market cap of $18.64 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 3.15 and a beta of 0.75. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same period in the previous year, the firm earned $2.93 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s payout ratio is presently 29.93%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FDS. Evercore ISI initiated 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 for the company. Wells Fargo & Company upped their price objective 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. Stifel Nicolaus raised their price target 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 boosted their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, November 15th. Five investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $450.00.

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.