Cambridge Investment Research Advisors Inc. lifted its position in FactSet Research Systems Inc. (NYSE:FDS) by 27.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in FDS. ETF Managers Group LLC purchased a new position in FactSet Research Systems during the second quarter worth about $121,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of FactSet Research Systems in the second quarter valued at approximately $126,000. Gotham Asset Management LLC boosted its stake in shares of FactSet Research Systems by 6.8% in the second quarter. Gotham Asset Management LLC now owns 1,296 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 82 shares during the period. Penobscot Investment Management Company Inc. boosted its stake in shares of FactSet Research Systems by 9.4% in the second quarter. Penobscot Investment Management Company Inc. now owns 1,390 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 120 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of FactSet Research Systems by 107.9% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,316 shares of the business services provider’s stock valued at $237,000 after purchasing an additional 683 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

In other news, COO Mark J. Hale sold 9,458 shares of FactSet Research Systems stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Matthew J. Mcnulty sold 1,049 shares of FactSet Research Systems 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 completion of 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. In the last three months, insiders have sold 17,841 shares of company stock worth $3,224,739. 2.70% of the stock is owned by corporate insiders.

Shares of FactSet Research Systems Inc. (NYSE FDS) opened at $198.71 on Monday. The company has a current ratio of 2.04, a quick 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 $199.03. The firm has a market cap of $7,770.00, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $325.26 million. During the same quarter last year, the company 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 expect that FactSet Research Systems Inc. will post 8.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.56 per share. The ex-dividend date is Wednesday, November 29th. This represents a $2.24 dividend on an annualized basis and a yield of 1.13%. FactSet Research Systems’s payout ratio is currently 34.41%.

Several research analysts have recently commented on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $166.00 price objective (up previously from $157.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Barclays PLC raised their price objective on shares of FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a research note on Wednesday, September 27th. Bank of America Corporation reissued a “neutral” rating and issued a $192.00 price objective (up previously from $180.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Stifel Nicolaus reissued a “hold” rating and issued a $169.00 price objective (up previously from $163.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Finally, BidaskClub lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $178.91.

TRADEMARK VIOLATION NOTICE: “Cambridge Investment Research Advisors Inc. Has $498,000 Position in FactSet Research Systems Inc. (FDS)” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/cambridge-investment-research-advisors-inc-has-498000-position-in-factset-research-systems-inc-fds/1729037.html.

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.

Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS).

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

Receive News & Ratings for FactSet Research Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.