Wells Fargo & Company MN Sells 15,896 Shares of FactSet Research Systems Inc. (FDS)

Wells Fargo & Company MN trimmed its stake in FactSet Research Systems Inc. (NYSE:FDS) by 0.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,089,258 shares of the business services provider’s stock after selling 15,896 shares during the quarter. Wells Fargo & Company MN owned approximately 5.34% of FactSet Research Systems worth $376,296,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trexquant Investment LP purchased a new position in shares of FactSet Research Systems during the third quarter valued at $2,407,000. Legal & General Group Plc grew its holdings in shares of FactSet Research Systems by 21.1% during the third quarter. Legal & General Group Plc now owns 39,447 shares of the business services provider’s stock valued at $7,105,000 after buying an additional 6,865 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of FactSet Research Systems by 18.3% during the third quarter. Nordea Investment Management AB now owns 41,101 shares of the business services provider’s stock valued at $7,403,000 after buying an additional 6,344 shares in the last quarter. Turner Investments LLC purchased a new position in shares of FactSet Research Systems during the third quarter valued at $144,000. Finally, Pacer Advisors Inc. grew its holdings in shares of FactSet Research Systems by 11.2% during the third quarter. Pacer Advisors Inc. now owns 6,504 shares of the business services provider’s stock valued at $1,171,000 after buying an additional 653 shares in the last quarter. Institutional investors and hedge funds own 93.71% of the company’s stock.

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 7,334 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $181.24, for a total value 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 $2,041,124.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mark J. Hale sold 9,458 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was 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 directly owns 11,314 shares of the company’s stock, valued at approximately $2,040,366.76. The disclosure for this sale can be found here. Insiders sold 17,841 shares of company stock worth $3,224,739 in the last 90 days. Corporate insiders own 2.80% of the company’s stock.

A number of brokerages have recently weighed in on FDS. Zacks Investment Research upgraded FactSet Research Systems from a “hold” rating to a “buy” rating and set a $220.00 price target on the stock in a report on Tuesday. Morgan Stanley reiterated an “equal weight” rating and set a $166.00 price target (up previously from $157.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Barclays lifted their price target on FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a report on Wednesday, September 27th. Bank of America reiterated a “neutral” rating and set a $192.00 price target (up previously from $180.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $169.00 price target (up previously from $163.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $180.73.

Shares of FactSet Research Systems Inc. (FDS) traded up $2.42 during midday trading on Wednesday, reaching $199.04. The company’s stock had a trading volume of 293,100 shares, compared to its average volume of 300,555. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.03. FactSet Research Systems Inc. has a 1 year low of $155.09 and a 1 year high of $199.31. The stock has a market capitalization of $7,771.50, a P/E ratio of 27.18, a P/E/G ratio of 2.26 and a beta of 0.96.

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, beating analysts’ consensus estimates of $1.89 by $0.01. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The firm had revenue of $326.60 million for the quarter, compared to the consensus estimate of $325.26 million. During the same quarter in the previous year, the company posted $1.69 earnings per share. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. equities research analysts forecast 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. Shareholders of record on Thursday, November 30th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.24 dividend on an annualized basis and a yield of 1.13%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 34.36%.

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FactSet Research Systems Profile

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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