FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 7.9% during the third quarter, HoldingsChannel reports. The firm owned 877 shares of the business services provider’s stock after selling 75 shares during the quarter. Shepherd Financial Partners LLC’s holdings in FactSet Research Systems were worth $403,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Andina Capital Management LLC raised its holdings in FactSet Research Systems by 3.8% in the third quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock valued at $329,000 after acquiring an additional 26 shares in the last quarter. Argent Trust Co raised its holdings in FactSet Research Systems by 2.1% in the second quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock valued at $536,000 after acquiring an additional 27 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in FactSet Research Systems by 4.0% in the second quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 32 shares in the last quarter. Retirement Systems of Alabama raised its holdings in FactSet Research Systems by 0.4% in the first quarter. Retirement Systems of Alabama now owns 8,407 shares of the business services provider’s stock valued at $3,820,000 after acquiring an additional 34 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its holdings in FactSet Research Systems by 4.8% in the second quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider’s stock valued at $300,000 after acquiring an additional 34 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

Shares of FDS opened at $458.80 on Friday. The firm has a 50-day moving average price of $449.81 and a 200 day moving average price of $429.88. The firm has a market capitalization of $17.43 billion, a PE ratio of 33.01, a P/E/G ratio of 3.00 and a beta of 0.75. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $488.64.

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. The firm had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. FactSet Research Systems’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.93 EPS. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were given a $1.04 dividend. The ex-dividend date was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. FactSet Research Systems’s dividend payout ratio is presently 29.93%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, insider Catrina Harding sold 453 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $407.96, for a total value of $184,805.88. Following the completion of the sale, the insider now directly owns 760 shares of the company’s stock, valued at approximately $310,049.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FactSet Research Systems news, insider Catrina Harding sold 453 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $407.96, for a total value of $184,805.88. Following the completion of the sale, the insider now directly owns 760 shares of the company’s stock, valued at approximately $310,049.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the sale, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at $10,726,367.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,815 shares of company stock valued at $11,635,501. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Evercore ISI assumed coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target on the stock. Royal Bank of Canada increased their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Wells Fargo & Company increased their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Stifel Nicolaus increased their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Finally, Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and an average target price of $443.57.

FactSet Research Systems 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.