Tandem Investment Advisors Inc. boosted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 17.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,937 shares of the business services provider’s stock after purchasing an additional 9,605 shares during the period. FactSet Research Systems comprises approximately 4.3% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 4th biggest holding. Tandem Investment Advisors Inc. owned approximately 0.16% of FactSet Research Systems worth $11,516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDS. JPMorgan Chase & Co. raised its position in shares of FactSet Research Systems by 7.0% in the second quarter. JPMorgan Chase & Co. now owns 500,148 shares of the business services provider’s stock worth $83,114,000 after acquiring an additional 32,742 shares during the period. Airain ltd acquired a new position in shares of FactSet Research Systems in the second quarter worth about $1,195,000. Bank of New York Mellon Corp raised its position in shares of FactSet Research Systems by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 475,631 shares of the business services provider’s stock worth $79,040,000 after acquiring an additional 2,224 shares during the period. Virginia Retirement Systems ET AL raised its position in shares of FactSet Research Systems by 54.8% in the second quarter. Virginia Retirement Systems ET AL now owns 86,200 shares of the business services provider’s stock worth $14,325,000 after acquiring an additional 30,500 shares during the period. Finally, BB&T Corp raised its position in shares of FactSet Research Systems by 3.1% in the second quarter. BB&T Corp now owns 31,304 shares of the business services provider’s stock worth $5,202,000 after acquiring an additional 946 shares during the period. Institutional investors own 93.74% of the company’s stock.

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A number of research analysts have weighed in on FDS shares. Morgan Stanley reiterated 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 report on Wednesday, September 27th. BidaskClub downgraded shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Tuesday, October 10th. Northcoast Research upgraded shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price objective for the company in a research report on Thursday, September 21st. Finally, Bank of America Corporation reiterated a “neutral” rating and issued a $192.00 price objective (up previously from $180.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. FactSet Research Systems currently has an average rating of “Hold” and an average target price of $171.82.

In other FactSet Research Systems 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 transaction of $1,705,655.72. Following the completion of the transaction, the chief operating officer now directly owns 11,314 shares in the company, valued at approximately $2,040,366.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the chief executive officer now owns 11,262 shares of the company’s stock, valued at $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 valued at $3,224,739 over the last 90 days. 2.70% of the stock is currently owned by insiders.

FactSet Research Systems Inc. (FDS) traded up 1.31% during mid-day trading on Wednesday, hitting $181.83. 172,974 shares of the stock were exchanged. The company has a market cap of $7.13 billion, a P/E ratio of 21.20 and a beta of 0.98. The company has a 50-day moving average price of $168.62 and a 200-day moving average price of $164.59. FactSet Research Systems Inc. has a one year low of $150.95 and a one year high of $184.20.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $325.26 million. During the same quarter last year, the business earned $1.69 earnings per share. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts forecast that FactSet Research Systems Inc. will post $8.19 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.24 annualized dividend and a yield of 1.25%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 34.36%.

FactSet Research Systems Company 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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