FactSet Research Systems Inc. (FDS) Stake Decreased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 34.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,688 shares of the business services provider’s stock after selling 2,494 shares during the quarter. Janney Montgomery Scott LLC’s holdings in FactSet Research Systems were worth $844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in FDS. The Manufacturers Life Insurance Company lifted its stake in FactSet Research Systems by 288.3% during the second quarter. The Manufacturers Life Insurance Company now owns 497,418 shares of the business services provider’s stock worth $82,660,000 after purchasing an additional 369,323 shares during the last quarter. Fiduciary Management Inc. WI bought a new position in FactSet Research Systems during the second quarter worth $31,790,000. Junto Capital Management LP bought a new position in FactSet Research Systems during the second quarter worth $20,424,000. Fiera Capital Corp lifted its stake in FactSet Research Systems by 34.0% during the second quarter. Fiera Capital Corp now owns 374,353 shares of the business services provider’s stock worth $62,210,000 after purchasing an additional 95,062 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in FactSet Research Systems by 51.3% during the second quarter. Parametric Portfolio Associates LLC now owns 269,969 shares of the business services provider’s stock worth $44,863,000 after purchasing an additional 91,484 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on FDS shares. Stifel Nicolaus reiterated a “hold” rating and issued a $169.00 target price (up from $163.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Morgan Stanley raised their target price on FactSet Research Systems from $166.00 to $171.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Northcoast Research cut FactSet Research Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 5th. Wells Fargo & Co set a $185.00 target price on FactSet Research Systems and gave the company a “hold” rating in a research note on Wednesday. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $200.00 target price (up from $190.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. FactSet Research Systems currently has an average rating of “Hold” and an average price target of $183.46.

In other news, COO Mark J. Hale sold 9,458 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was 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 $2,040,366.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 7,334 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $181.24, for a total value of $1,329,214.16. Following the transaction, the chief executive officer now directly owns 11,262 shares in the company, valued at $2,041,124.88. The disclosure for this sale can be found here. Insiders have sold 17,841 shares of company stock worth $3,224,739 over the last three months. Corporate insiders own 2.70% of the company’s stock.

FactSet Research Systems Inc. (NYSE FDS) opened at $192.11 on Friday. The company has a market capitalization of $7,472.31, a price-to-earnings ratio of 28.98, a PEG ratio of 2.16 and a beta of 0.97. The company has a current ratio of 2.64, a quick ratio of 2.04 and a debt-to-equity ratio of 0.93. FactSet Research Systems Inc. has a fifty-two week low of $155.09 and a fifty-two week high of $207.25.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, December 19th. The business services provider reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.06. The company had revenue of $329.10 million for the quarter, compared to analyst estimates of $330.49 million. FactSet Research Systems had a return on equity of 54.65% and a net margin of 20.76%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $1.75 earnings per share. sell-side analysts predict that FactSet Research Systems Inc. will post 8.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Wednesday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is 33.79%.

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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.

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

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