FactSet Research Systems Inc. (FDS) Position Raised by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 27.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,763 shares of the business services provider’s stock after purchasing an additional 587 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in FactSet Research Systems were worth $498,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Eads & Heald Investment Counsel lifted its holdings in shares of FactSet Research Systems by 0.9% in the 2nd quarter. Eads & Heald Investment Counsel now owns 2,358 shares of the business services provider’s stock worth $392,000 after acquiring an additional 20 shares during the last quarter. FineMark National Bank & Trust lifted its holdings in shares of FactSet Research Systems by 1.0% in the 2nd quarter. FineMark National Bank & Trust now owns 2,183 shares of the business services provider’s stock worth $363,000 after acquiring an additional 22 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of FactSet Research Systems by 1.3% in the 2nd quarter. World Asset Management Inc now owns 2,847 shares of the business services provider’s stock worth $473,000 after acquiring an additional 36 shares during the last quarter. NewFocus Financial Group LLC lifted its holdings in shares of FactSet Research Systems by 0.3% in the 2nd quarter. NewFocus Financial Group LLC now owns 13,120 shares of the business services provider’s stock worth $2,180,000 after acquiring an additional 41 shares during the last quarter. Finally, Sawtooth Solutions LLC lifted its holdings in shares of FactSet Research Systems by 3.1% in the 2nd quarter. Sawtooth Solutions LLC now owns 1,718 shares of the business services provider’s stock worth $285,000 after acquiring an additional 52 shares during the last quarter. Institutional investors own 93.73% of the company’s stock.

FactSet Research Systems Inc. (NYSE FDS) opened at $202.24 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.04 and a quick ratio of 2.04. The company has a market cap of $7,910.00, a price-to-earnings ratio of 27.97, a P/E/G ratio of 2.32 and a beta of 0.97. FactSet Research Systems Inc. has a 52-week low of $155.09 and a 52-week high of $204.65.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, September 26th. The business services provider reported $1.90 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $326.60 million for the quarter, compared to the consensus estimate of $325.26 million. During the same period last year, the firm posted $1.69 EPS. The company’s revenue was up 13.7% on a year-over-year basis. research analysts predict that FactSet Research Systems Inc. will post 8.18 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, November 29th. FactSet Research Systems’s payout ratio is currently 34.41%.

In related news, COO Mark J. Hale sold 9,458 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $180.34, for a total value of $1,705,655.72. Following the completion of the sale, the chief operating officer now owns 11,314 shares in the company, valued at $2,040,366.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 7,334 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.24, for a total transaction of $1,329,214.16. Following the completion of the sale, the chief executive officer now owns 11,262 shares of the company’s stock, valued at approximately $2,041,124.88. The disclosure for this sale can be found here. Insiders have sold a total of 17,841 shares of company stock worth $3,224,739 over the last three months. 2.80% of the stock is currently owned by insiders.

FDS has been the topic of several recent analyst reports. Goldman Sachs Group initiated coverage on shares of FactSet Research Systems in a report on Wednesday, November 8th. They issued a “neutral” rating and a $194.00 price objective on the stock. Zacks Investment Research lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Barclays increased their target price on shares of FactSet Research Systems from $164.00 to $175.00 and gave the stock an “underweight” rating in a report on Wednesday, September 27th. 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 report on Wednesday, September 27th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $205.00 target price (up from $200.00) on shares of FactSet Research Systems in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. FactSet Research Systems has a consensus rating of “Hold” and an average price target of $180.73.

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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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