FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by JLB & Associates Inc.

JLB & Associates Inc. cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,561 shares of the business services provider’s stock after selling 35 shares during the quarter. JLB & Associates Inc.’s holdings in FactSet Research Systems were worth $3,871,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valeo Financial Advisors LLC grew its stake in shares of FactSet Research Systems by 50.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 93 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of FactSet Research Systems by 268.4% in the second quarter. Orion Portfolio Solutions LLC now owns 140 shares of the business services provider’s stock valued at $46,000 after buying an additional 102 shares in the last quarter. Blue Square Asset Management LLC acquired a new stake in shares of FactSet Research Systems during the 2nd quarter valued at $78,000. Marshall Wace LLP bought a new stake in shares of FactSet Research Systems during the 1st quarter worth $85,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of FactSet Research Systems in the 2nd quarter worth $92,000. 92.58% of the stock is owned by institutional investors.

NYSE:FDS traded up $1.82 during mid-day trading on Friday, reaching $339.56. The stock had a trading volume of 183,484 shares, compared to its average volume of 296,537. The stock has a market cap of $12.90 billion, a P/E ratio of 35.19, a PEG ratio of 3.52 and a beta of 0.78. The business’s 50 day moving average is $333.83 and its 200 day moving average is $317.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.05 and a quick ratio of 2.86. FactSet Research Systems Inc. has a fifty-two week low of $195.22 and a fifty-two week high of $363.64.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 24th. The business services provider reported $2.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.54 by $0.34. The company had revenue of $383.60 million during the quarter, compared to the consensus estimate of $378.74 million. FactSet Research Systems had a net margin of 24.96% and a return on equity of 54.21%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.61 earnings per share. Equities analysts expect that FactSet Research Systems Inc. will post 11.01 EPS for the current year.

A number of equities analysts recently weighed in on the company. Morgan Stanley increased their price target on FactSet Research Systems from $251.00 to $264.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Bank of America raised their target price on FactSet Research Systems from $263.00 to $290.00 and gave the stock an “underperform” rating in a research report on Friday, September 25th. UBS Group upped their price target on FactSet Research Systems from $298.00 to $313.00 and gave the company a “sell” rating in a research report on Friday, September 25th. Credit Suisse Group increased their price objective on FactSet Research Systems from $250.00 to $310.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of FactSet Research Systems in a research note on Thursday, June 25th. Five research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $285.08.

In other FactSet Research Systems news, Director Robin Ann Abrams sold 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $325.14, for a total transaction of $455,196.00. Following the completion of the sale, the director now owns 3,322 shares of the company’s stock, valued at $1,080,115.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 1,769 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $350.68, for a total value of $620,352.92. Following the transaction, the chief executive officer now owns 5,656 shares in the company, valued at approximately $1,983,446.08. The disclosure for this sale can be found here. Insiders have sold 20,178 shares of company stock worth $6,708,312 over the last three months. Company insiders own 2.30% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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

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