FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc lessened its stake in FactSet Research Systems Inc. (NYSE:FDS) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,970 shares of the business services provider’s stock after selling 62 shares during the period. Prospera Financial Services Inc’s holdings in FactSet Research Systems were worth $3,206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new stake in shares of FactSet Research Systems in the third quarter worth $26,000. UMB Bank n.a. increased its stake in shares of FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after buying an additional 39 shares during the last quarter. Crewe Advisors LLC increased its stake 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 buying an additional 60 shares during the last quarter. Quest Partners LLC increased its stake in shares of FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of FactSet Research Systems in the second quarter worth $33,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

FDS stock opened at $474.44 on Thursday. The company has a market capitalization of $18.02 billion, a P/E ratio of 34.13, a PEG ratio of 3.20 and a beta of 0.75. The company has a 50-day simple moving average of $464.29 and a 200 day simple moving average of $434.88. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted 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 business had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.93 earnings per share. Sell-side analysts predict 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 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. This represents a $4.16 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s payout ratio is currently 29.93%.

Analyst Ratings Changes

A number of brokerages recently issued reports on FDS. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. UBS Group boosted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company boosted 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, November 15th. Finally, BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, FactSet Research Systems has an average rating of “Hold” and a consensus price target of $450.00.

Insider Buying and Selling

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, the executive vice president now owns 23,515 shares in the company, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The trade was a 18.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,984 shares of company stock valued at $12,230,877 over the last 90 days. 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.