Mount Yale Investment Advisors LLC Sells 107 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Mount Yale Investment Advisors LLC lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,550 shares of the business services provider’s stock after selling 107 shares during the period. Mount Yale Investment Advisors LLC’s holdings in FactSet Research Systems were worth $713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SteelPeak Wealth LLC bought a new stake in shares of FactSet Research Systems during the 1st quarter valued at about $510,000. BKM Wealth Management LLC raised its position in shares of FactSet Research Systems by 15.7% in the 1st quarter. BKM Wealth Management LLC now owns 2,846 shares of the business services provider’s stock worth $1,293,000 after acquiring an additional 386 shares in the last quarter. Congress Wealth Management LLC DE lifted its stake in shares of FactSet Research Systems by 1.6% in the 1st quarter. Congress Wealth Management LLC DE now owns 27,608 shares of the business services provider’s stock valued at $12,545,000 after purchasing an additional 434 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of FactSet Research Systems by 11.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,097 shares of the business services provider’s stock valued at $953,000 after purchasing an additional 213 shares in the last quarter. Finally, Norden Group LLC grew its stake in FactSet Research Systems by 1,844.5% in the first quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock worth $20,761,000 after purchasing an additional 43,346 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Down 0.4 %

FactSet Research Systems stock opened at $454.94 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64. The stock has a market capitalization of $17.31 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 3.08 and a beta of 0.75. The business’s fifty day moving average is $445.18 and its 200 day moving average is $428.83.

FactSet Research Systems (NYSE:FDS) last announced its quarterly 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. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same quarter last year, the firm posted $2.93 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts predict 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 was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a dividend of $1.04 per share. 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%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a report on Friday, September 20th. Stifel Nicolaus upped their price objective 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. Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. BMO Capital Markets boosted their price target on FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Finally, Redburn Atlantic lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $443.57.

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the sale, the chief executive officer now owns 12,987 shares of the company’s stock, valued at $5,910,253.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total value of $1,365,270.00. Following the transaction, the chief executive officer now owns 12,987 shares in the company, valued at $5,910,253.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James J. Mcgonigle sold 5,410 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the sale, the director now owns 5,283 shares of the company’s stock, valued at $2,413,432.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,362 shares of company stock valued at $12,688,945 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

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.