ING Groep NV Acquires New Holdings in FactSet Research Systems Inc. (NYSE:FDS)

ING Groep NV bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 917 shares of the business services provider’s stock, valued at approximately $422,000.

Other hedge funds also recently bought and sold shares of the company. Empowered Funds LLC raised its stake in FactSet Research Systems by 47.6% during the 1st quarter. Empowered Funds LLC now owns 626 shares of the business services provider’s stock worth $284,000 after buying an additional 202 shares during the period. Vanguard Group Inc. raised its position in shares of FactSet Research Systems by 0.3% during 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 lifted its holdings in shares of 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 grew its position in shares of FactSet Research Systems by 431.3% in 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 increased its stake in FactSet Research Systems by 4.4% during the 1st quarter. Mattern Capital Management LLC now owns 18,363 shares of the business services provider’s stock worth $8,344,000 after purchasing an additional 780 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Down 2.4 %

NYSE:FDS opened at $483.90 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $461.60 and its two-hundred day moving average price is $433.79. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The firm has a market capitalization of $18.38 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data 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 company had revenue of $562.20 million for 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 for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.93 EPS. Equities research analysts expect that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid 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 (DPR) is currently 29.93%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FDS. Redburn Atlantic lowered shares of 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. BMO Capital Markets boosted their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research report on Friday. Stifel Nicolaus increased their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Wells Fargo & Company boosted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday. Five 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 has a consensus rating of “Hold” and an average target price of $450.00.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was 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 in the company, valued at $5,380,259.85. This trade represents a 18.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Costigan sold 1,622 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 26,984 shares of company stock valued at $12,230,877 in the last three months. 1.10% of the stock is currently owned by company insiders.

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.