Cibc World Market Inc. Acquires 1,586 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Cibc World Market Inc. raised its holdings in FactSet Research Systems Inc. (NYSE:FDSGet Rating) by 176.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,483 shares of the business services provider’s stock after buying an additional 1,586 shares during the quarter. Cibc World Market Inc.’s holdings in FactSet Research Systems were worth $955,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Exchange Traded Concepts LLC increased its holdings in FactSet Research Systems by 7.3% in the 2nd quarter. Exchange Traded Concepts LLC now owns 411 shares of the business services provider’s stock valued at $158,000 after buying an additional 28 shares during the period. Somerset Trust Co grew its holdings in shares of FactSet Research Systems by 0.3% in the 2nd quarter. Somerset Trust Co now owns 9,032 shares of the business services provider’s stock worth $3,473,000 after purchasing an additional 29 shares during the last quarter. Aurora Investment Managers LLC. grew its holdings in shares of FactSet Research Systems by 0.6% in the 2nd quarter. Aurora Investment Managers LLC. now owns 5,199 shares of the business services provider’s stock worth $1,999,000 after purchasing an additional 29 shares during the last quarter. Sage Private Wealth Group LLC grew its holdings in shares of FactSet Research Systems by 5.5% in the 2nd quarter. Sage Private Wealth Group LLC now owns 560 shares of the business services provider’s stock worth $215,000 after purchasing an additional 29 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of FactSet Research Systems by 19.8% in the 1st quarter. Quadrant Capital Group LLC now owns 194 shares of the business services provider’s stock worth $84,000 after purchasing an additional 32 shares during the last quarter. Institutional investors own 90.38% of the company’s stock.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $427.94, for a total value of $1,069,850.00. Following the completion of the sale, the chief executive officer now owns 8,247 shares of the company’s stock, valued at approximately $3,529,221.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Robert J. Robie sold 2,800 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $424.50, for a total transaction of $1,188,600.00. Following the completion of the sale, the executive vice president now owns 598 shares of the company’s stock, valued at approximately $253,851. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $427.94, for a total transaction of $1,069,850.00. Following the sale, the chief executive officer now directly owns 8,247 shares of the company’s stock, valued at approximately $3,529,221.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,800 shares of company stock valued at $3,261,475. 0.97% of the stock is currently owned by corporate insiders.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $437.77 on Monday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market capitalization of $16.68 billion, a P/E ratio of 42.71, a price-to-earnings-growth ratio of 2.96 and a beta of 0.78. The company’s 50 day moving average price is $418.90 and its two-hundred day moving average price is $406.78. FactSet Research Systems Inc. has a 52 week low of $345.92 and a 52 week high of $495.39.

FactSet Research Systems (NYSE:FDSGet Rating) last issued its quarterly earnings results on Thursday, September 22nd. The business services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.12). The business had revenue of $499.30 million for the quarter, compared to the consensus estimate of $487.95 million. FactSet Research Systems had a return on equity of 42.27% and a net margin of 21.53%. FactSet Research Systems’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.88 earnings per share. On average, analysts expect that FactSet Research Systems Inc. will post 14.77 earnings per share 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 15th. Shareholders of record on Wednesday, November 30th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, November 29th. FactSet Research Systems’s dividend payout ratio is 34.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FDS shares. Morgan Stanley lowered their target price on shares of FactSet Research Systems from $338.00 to $335.00 and set an “underweight” rating on the stock in a report on Friday, September 23rd. Royal Bank of Canada upped their target price on shares of FactSet Research Systems from $475.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. StockNews.com began coverage on shares of FactSet Research Systems in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of FactSet Research Systems from $507.00 to $483.00 and set a “buy” rating on the stock in a report on Friday, September 23rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $418.38.

FactSet Research Systems Company Profile

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FactSet Research Systems Inc, a financial data and analytics 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.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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