M&T Bank Corp Boosts Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

M&T Bank Corp raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 25.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,525 shares of the business services provider’s stock after purchasing an additional 2,354 shares during the period. M&T Bank Corp’s holdings in FactSet Research Systems were worth $5,299,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Millennium Management LLC raised its position in shares of FactSet Research Systems by 2,873.9% in the second quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock valued at $48,822,000 after buying an additional 115,561 shares during the last quarter. International Assets Investment Management LLC acquired a new position in FactSet Research Systems in the 3rd quarter valued at $38,909,000. State Street Corp lifted its stake in shares of FactSet Research Systems by 2.2% during the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after purchasing an additional 42,303 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of FactSet Research Systems by 21.5% during the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after purchasing an additional 41,717 shares during the last quarter. Finally, Boston Trust Walden Corp grew its position in shares of FactSet Research Systems by 9.3% in the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock valued at $136,267,000 after purchasing an additional 25,294 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on FDS. Stifel Nicolaus increased their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. UBS Group raised their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. BMO Capital Markets upped their price target on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Morgan Stanley lifted their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, November 15th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and an average price target of $451.85.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total transaction of $1,365,270.00. Following the sale, the chief executive officer now directly owns 12,987 shares in the company, valued at $5,910,253.83. The trade was a 18.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Costigan sold 1,622 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,984 shares of company stock worth $10,981,107 in the last quarter. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Trading Down 0.3 %

Shares of FDS opened at $488.68 on Friday. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The stock’s 50-day moving average is $473.82 and its two-hundred day moving average is $439.90. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $18.56 billion, a PE ratio of 35.16, a P/E/G ratio of 3.08 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same period in the previous year, the company posted $2.93 EPS. FactSet Research Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is 29.93%.

FactSet Research Systems Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.