FactSet Research Systems Inc. (FDS) Shares Sold by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN lessened its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 623,513 shares of the business services provider’s stock after selling 6,100 shares during the period. FactSet Research Systems comprises about 2.4% of Disciplined Growth Investors Inc. MN’s holdings, making the stock its 12th biggest position. Disciplined Growth Investors Inc. MN owned about 1.59% of FactSet Research Systems worth $112,301,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of FactSet Research Systems by 0.9% in the second quarter. Vanguard Group Inc. now owns 3,586,640 shares of the business services provider’s stock worth $596,028,000 after purchasing an additional 32,331 shares in the last quarter. BlackRock Inc. boosted its position in shares of FactSet Research Systems by 0.3% in the second quarter. BlackRock Inc. now owns 3,159,707 shares of the business services provider’s stock valued at $525,082,000 after acquiring an additional 8,480 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of FactSet Research Systems by 5.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 906,115 shares of the business services provider’s stock valued at $163,201,000 after acquiring an additional 50,562 shares during the period. Investec Asset Management LTD boosted its position in shares of FactSet Research Systems by 6.0% in the third quarter. Investec Asset Management LTD now owns 630,243 shares of the business services provider’s stock valued at $113,513,000 after acquiring an additional 35,653 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of FactSet Research Systems by 7.0% in the second quarter. JPMorgan Chase & Co. now owns 500,148 shares of the business services provider’s stock valued at $83,114,000 after acquiring an additional 32,742 shares during the period. Institutional investors and hedge funds own 93.73% of the company’s stock.

FactSet Research Systems Inc. (NYSE FDS) opened at $202.07 on Monday. The company has a market cap of $7,902.91, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 2.29 and a beta of 0.97. FactSet Research Systems Inc. has a one year low of $155.09 and a one year high of $204.65. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.04 and a current ratio of 2.04.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, September 26th. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.89 by $0.01. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The company had revenue of $326.60 million for the quarter, compared to the consensus estimate of $325.26 million. During the same period in the previous year, the firm earned $1.69 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. sell-side analysts predict that FactSet Research Systems Inc. will post 8.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Thursday, November 30th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Wednesday, November 29th. FactSet Research Systems’s payout ratio is 34.36%.

Several equities research analysts have issued reports on FDS shares. Zacks Investment Research upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $220.00 target price for the company in a research report on Tuesday, November 28th. Northcoast Research upgraded shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 target price for the company in a research report on Thursday, September 21st. Morgan Stanley reiterated an “equal weight” rating and set a $166.00 target price (up from $157.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Stifel Nicolaus reiterated a “hold” rating and set a $169.00 target price (up from $163.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Finally, Bank of America reiterated a “neutral” rating and set a $192.00 target price (up from $180.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $180.73.

In other FactSet Research Systems news, COO Mark J. Hale sold 9,458 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the transaction, the chief operating officer now directly owns 11,314 shares of the company’s stock, valued at approximately $2,040,366.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Matthew J. Mcnulty sold 1,049 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $181.00, for a total transaction of $189,869.00. Following the transaction, the vice president now directly owns 2,499 shares in the company, valued at $452,319. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,841 shares of company stock worth $3,224,739. 2.80% of the stock is owned by insiders.

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About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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