Neuberger Berman Group LLC cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 675,658 shares of the business services provider’s stock after selling 19,682 shares during the period. Neuberger Berman Group LLC owned 1.73% of FactSet Research Systems worth $121,693,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of FDS. ETF Managers Group LLC bought a new position in shares of FactSet Research Systems in the second quarter worth about $121,000. Mountain Capital Investment Advisors Inc bought a new position in shares of FactSet Research Systems in the second quarter worth about $126,000. Turner Investments LLC bought a new position in shares of FactSet Research Systems in the third quarter worth about $144,000. Gotham Asset Management LLC increased 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 worth $215,000 after purchasing an additional 82 shares during the period. Finally, Penobscot Investment Management Company Inc. increased 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 worth $231,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 93.73% of the company’s stock.

Shares of FactSet Research Systems Inc. (NYSE FDS) opened at $202.46 on Friday. FactSet Research Systems Inc. has a 1 year low of $155.09 and a 1 year high of $206.66. The firm has a market capitalization of $7,900.95, a PE ratio of 27.64, a P/E/G ratio of 2.29 and a beta of 0.97. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.04 and a current ratio of 2.04.

FactSet Research Systems (NYSE:FDS) last released its earnings results 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 return on equity of 55.76% and a net margin of 21.15%. The business 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 business earned $1.69 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. analysts anticipate 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. This represents a $2.24 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Wednesday, November 29th. FactSet Research Systems’s payout ratio is 34.36%.

A number of equities analysts have recently commented on FDS shares. Northcoast Research upgraded FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price objective on the stock in a research note on Thursday, September 21st. Zacks Investment Research raised FactSet Research Systems from a “hold” rating to a “buy” rating and set a $187.00 target price on the stock in a research report on Friday, September 22nd. Credit Suisse Group reissued an “outperform” rating and set a $200.00 target price (up from $190.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Morgan Stanley reissued an “equal weight” rating and set a $166.00 target price (up from $157.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $169.00 target price (up from $163.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $180.17.

In other FactSet Research Systems news, COO Mark J. Hale sold 9,458 shares of FactSet Research Systems stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the sale, the chief operating officer now directly owns 11,314 shares of the company’s stock, valued at $2,040,366.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Matthew J. Mcnulty sold 1,049 shares of FactSet Research Systems stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $181.00, for a total value of $189,869.00. Following the sale, 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. Insiders have sold 17,841 shares of company stock worth $3,224,739 over the last ninety days. Company insiders own 2.70% of the company’s stock.

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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.

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

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