Cornercap Investment Counsel Inc. Trims Stake in FactSet Research Systems Inc. (NYSE:FDS)

Cornercap Investment Counsel Inc. cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 30.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,671 shares of the business services provider’s stock after selling 735 shares during the period. Cornercap Investment Counsel Inc.’s holdings in FactSet Research Systems were worth $768,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Catalyst Capital Advisors LLC purchased a new position in shares of FactSet Research Systems during the 3rd quarter valued at about $26,000. UMB Bank n.a. lifted its holdings in FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC boosted its position in shares of FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 60 shares during the period. Quest Partners LLC increased its stake in FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of FactSet Research Systems in the third quarter valued at about $34,000. Institutional investors own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of research analyst reports. Evercore ISI initiated coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. UBS Group increased their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday. BMO Capital Markets boosted their target price on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, 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. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $450.00.

FactSet Research Systems Trading Down 2.4 %

FDS opened at $483.90 on Friday. FactSet Research Systems Inc. has a one year low of $391.84 and a one 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 stock has a market cap of $18.38 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 3.25 and a beta of 0.75. The stock’s 50 day moving average price is $461.60 and its 200-day moving average price is $433.57.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $2.93 earnings per share. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend yield of 0.86%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

Insider Activity

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 transaction of $1,249,770.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This trade represents a 18.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $780,182.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,984 shares of company stock valued at $12,230,877. Corporate 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.