Loomis Sayles & Co. L P Has $714.29 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Loomis Sayles & Co. L P trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,553,303 shares of the business services provider’s stock after selling 45,539 shares during the quarter. FactSet Research Systems accounts for 0.9% of Loomis Sayles & Co. L P’s portfolio, making the stock its 25th largest position. Loomis Sayles & Co. L P’s holdings in FactSet Research Systems were worth $714,286,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SteelPeak Wealth LLC grew its position in FactSet Research Systems by 134.1% in the second quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 1,506 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in FactSet Research Systems by 3.1% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock worth $20,321,000 after buying an additional 1,389 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of FactSet Research Systems by 214.5% in the first quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after acquiring an additional 3,683 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of FactSet Research Systems by 225.1% in the 1st quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock worth $1,065,000 after acquiring an additional 1,623 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in FactSet Research Systems by 10.8% during the 1st quarter. Kennedy Capital Management LLC now owns 26,856 shares of the business services provider’s stock valued at $12,203,000 after purchasing an additional 2,622 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

Insider Activity at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This represents a 37.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Costigan sold 1,622 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,984 shares of company stock valued at $12,230,877. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Evercore ISI began coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. UBS Group raised 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. BMO Capital Markets increased their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price target for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus lifted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Five 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.com, FactSet Research Systems currently has a consensus rating of “Hold” and an average target price of $450.00.

FactSet Research Systems Stock Performance

FDS opened at $487.62 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 3.13 and a beta of 0.75. The business’s 50-day moving average price is $466.05 and its two-hundred day moving average price is $435.60. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm earned $2.93 EPS. FactSet Research Systems’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

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.