Vident Investment Advisory LLC boosted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 71.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,987 shares of the business services provider’s stock after acquiring an additional 1,247 shares during the period. Vident Investment Advisory LLC’s holdings in FactSet Research Systems were worth $538,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FDS. The Manufacturers Life Insurance Company increased its holdings in shares of FactSet Research Systems by 288.3% during the 2nd 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 period. Fiduciary Management Inc. WI bought a new position in shares of FactSet Research Systems during the 2nd quarter worth about $31,790,000. Junto Capital Management LP bought a new position in shares of FactSet Research Systems during the 2nd quarter worth about $20,424,000. Fiera Capital Corp increased its holdings in shares of FactSet Research Systems by 34.0% during the 2nd 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 period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of FactSet Research Systems by 51.3% during the 2nd 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 period. 93.73% of the stock is owned by hedge funds and other institutional investors.

Shares of FactSet Research Systems Inc. (FDS) opened at $204.87 on Friday. The firm has a market cap of $8,012.07, a PE ratio of 28.02, a P/E/G ratio of 2.33 and a beta of 0.97. FactSet Research Systems Inc. has a 52 week low of $155.09 and a 52 week high of $206.66. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.04 and a quick ratio of 2.04.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.01. The business had revenue of $326.60 million for the quarter, compared to analysts’ expectations of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.69 earnings per share. equities analysts expect that FactSet Research Systems Inc. will post 8.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Investors 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 1.09%. FactSet Research Systems’s payout ratio is currently 34.36%.

FDS has been the topic of several research reports. Zacks Investment Research upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Tuesday, November 28th. Northcoast Research upgraded shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price objective on the stock in a report on Thursday, September 21st. Morgan Stanley restated an “equal weight” rating and set a $166.00 price objective (up previously from $157.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Stifel Nicolaus restated a “hold” rating and set a $169.00 price objective (up previously from $163.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Finally, Bank of America restated a “neutral” rating and set a $192.00 price objective (up previously from $180.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. FactSet Research Systems currently has an average rating of “Hold” and an average price target of $180.17.

In other FactSet Research Systems news, VP Matthew J. Mcnulty sold 1,049 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.00, for a total transaction of $189,869.00. Following the sale, the vice president now directly owns 2,499 shares of the company’s stock, valued at $452,319. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick Philip Snow sold 7,334 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $181.24, for a total transaction of $1,329,214.16. Following the sale, 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. In the last three months, insiders sold 17,841 shares of company stock worth $3,224,739. 2.70% of the stock is currently owned by insiders.

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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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