United Services Automobile Association Cuts Holdings in FactSet Research Systems Inc. (FDS)

United Services Automobile Association cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,795 shares of the business services provider’s stock after selling 9,834 shares during the period. United Services Automobile Association owned 0.38% of FactSet Research Systems worth $32,392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bruderman Asset Management LLC bought a new position in shares of FactSet Research Systems during the second quarter worth approximately $112,000. Quantbot Technologies LP bought a new position in shares of FactSet Research Systems during the third quarter worth approximately $139,000. Investment Partners LTD. bought a new position in shares of FactSet Research Systems during the third quarter worth approximately $224,000. Delaney Dennis R bought a new position in shares of FactSet Research Systems during the third quarter worth approximately $200,000. Finally, Checchi Capital Advisers LLC bought a new position in shares of FactSet Research Systems during the third quarter worth approximately $212,000. 92.37% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Cantor Fitzgerald raised their target price on shares of FactSet Research Systems from $203.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, September 26th. Wells Fargo & Co raised their target price on shares of FactSet Research Systems from $190.00 to $225.00 and gave the stock a “market perform” rating in a report on Wednesday, September 26th. Barclays lifted their price objective on shares of FactSet Research Systems from $185.00 to $210.00 and gave the company an “underweight” rating in a research note on Wednesday, September 26th. Finally, ValuEngine raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. FactSet Research Systems currently has a consensus rating of “Hold” and an average price target of $214.30.

In related news, SVP Matthew J. Mcnulty sold 1,684 shares of FactSet Research Systems stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $225.00, for a total value of $378,900.00. Following the transaction, the senior vice president now directly owns 3,727 shares of the company’s stock, valued at $838,575. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert J. Robie sold 1,174 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $224.78, for a total transaction of $263,891.72. Following the completion of the transaction, the executive vice president now directly owns 2,862 shares in the company, valued at $643,320.36. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Shares of NYSE:FDS opened at $234.49 on Monday. The company has a market capitalization of $8.92 billion, a P/E ratio of 27.49, a PEG ratio of 2.26 and a beta of 0.91. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.09. FactSet Research Systems Inc. has a 1 year low of $183.89 and a 1 year high of $237.29.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, September 25th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.01). The firm had revenue of $345.90 million during the quarter, compared to the consensus estimate of $346.39 million. FactSet Research Systems had a net margin of 19.78% and a return on equity of 58.62%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $1.90 earnings per share. As a group, equities analysts predict that FactSet Research Systems Inc. will post 9.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Friday, November 30th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $2.56 dividend on an annualized basis and a yield of 1.09%. FactSet Research Systems’s dividend payout ratio (DPR) is 30.01%.

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About FactSet Research Systems

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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

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