FactSet Research Systems Inc. (NYSE:FDS) Stock Holdings Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 16.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,753 shares of the business services provider’s stock after selling 5,887 shares during the period. Victory Capital Management Inc. owned about 0.08% of FactSet Research Systems worth $14,142,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC raised its position in FactSet Research Systems by 2,873.9% during the second quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock valued at $48,822,000 after acquiring an additional 115,561 shares in the last quarter. PineStone Asset Management Inc. increased its stake in shares of FactSet Research Systems by 53.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after purchasing an additional 94,952 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at $38,909,000. Dimensional Fund Advisors LP lifted its stake in shares of FactSet Research Systems by 21.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock valued at $96,113,000 after purchasing an additional 41,717 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its stake in shares of FactSet Research Systems by 9.3% in the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock valued at $136,267,000 after purchasing an additional 25,294 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. This trade represents a 18.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the sale, the insider now directly owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,984 shares of company stock worth $12,230,877 in the last 90 days. 1.10% of the stock is owned by company insiders.

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $481.36 on Wednesday. The firm has a market capitalization of $18.29 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 3.20 and a beta of 0.75. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The business has a fifty day simple moving average of $463.55 and a 200 day simple moving average of $434.60. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The company 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 firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $2.93 EPS. Sell-side analysts expect 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 will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.86%. FactSet Research Systems’s payout ratio is presently 29.93%.

Wall Street Analyst Weigh In

Several research firms have weighed in on FDS. Evercore ISI began coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price on the stock. UBS Group raised their price objective on 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 FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price target for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, November 15th. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $450.00.

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.