Atlanta Consulting Group Advisors LLC Makes New $304,000 Investment in FactSet Research Systems Inc. (NYSE:FDS)

Atlanta Consulting Group Advisors LLC purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 661 shares of the business services provider’s stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC lifted its stake in shares of FactSet Research Systems by 47.6% in the 1st quarter. Empowered Funds LLC now owns 626 shares of the business services provider’s stock worth $284,000 after acquiring an additional 202 shares during the period. Vanguard Group Inc. lifted its position in FactSet Research Systems by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock worth $2,077,267,000 after purchasing an additional 11,974 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in FactSet Research Systems by 5.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,524 shares of the business services provider’s stock valued at $3,419,000 after purchasing an additional 418 shares in the last quarter. UniSuper Management Pty Ltd increased its position in shares of FactSet Research Systems by 431.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,391 shares of the business services provider’s stock valued at $1,086,000 after purchasing an additional 1,941 shares during the period. Finally, Mattern Capital Management LLC raised its stake in shares of FactSet Research Systems by 4.4% in the 1st quarter. Mattern Capital Management LLC now owns 18,363 shares of the business services provider’s stock worth $8,344,000 after buying an additional 780 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. BMO Capital Markets raised their target price on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday. Wells Fargo & Company lifted their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday. Stifel Nicolaus increased their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Evercore ISI initiated coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $450.00.

Insider Activity at FactSet Research Systems

In other news, Director James J. Mcgonigle sold 5,410 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,413,432.89. This represents a 50.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,984 shares of company stock valued at $12,230,877. 1.10% of the stock is currently owned by corporate insiders.

FactSet Research Systems Stock Down 2.4 %

FactSet Research Systems stock opened at $483.90 on Monday. The firm’s 50 day moving average price is $461.60 and its two-hundred day moving average price is $433.79. The firm has a market cap of $18.38 billion, a PE ratio of 34.81, a P/E/G ratio of 3.20 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. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25.

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

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a yield of 0.86%. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

About FactSet Research Systems

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.