Dividend Assets Capital LLC trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,719 shares of the business services provider’s stock after selling 120 shares during the quarter. Dividend Assets Capital LLC’s holdings in FactSet Research Systems were worth $2,073,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Boston Trust Walden Corp lifted its stake in shares of FactSet Research Systems by 177.0% during the 1st quarter. Boston Trust Walden Corp now owns 224,884 shares of the business services provider’s stock worth $69,397,000 after purchasing an additional 143,703 shares during the last quarter. Norges Bank purchased a new stake in FactSet Research Systems in the fourth quarter valued at about $36,240,000. BlackRock Inc. raised its stake in FactSet Research Systems by 2.2% in the fourth quarter. BlackRock Inc. now owns 4,668,891 shares of the business services provider’s stock valued at $1,552,406,000 after buying an additional 101,926 shares during the last quarter. Victory Capital Management Inc. raised its stake in FactSet Research Systems by 96.5% in the fourth quarter. Victory Capital Management Inc. now owns 167,072 shares of the business services provider’s stock valued at $55,552,000 after buying an additional 82,031 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in FactSet Research Systems by 45.8% in the fourth quarter. Nuveen Asset Management LLC now owns 203,646 shares of the business services provider’s stock valued at $67,712,000 after buying an additional 63,930 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.
Several analysts recently commented on the company. The Goldman Sachs Group raised their target price on FactSet Research Systems from $263.00 to $276.00 and gave the stock a “sell” rating in a report on Wednesday, March 31st. Morgan Stanley lowered their price target on FactSet Research Systems from $278.00 to $261.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 31st. Six research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $291.30.
FDS stock traded up $0.89 during midday trading on Tuesday, hitting $342.95. 507 shares of the company’s stock were exchanged, compared to its average volume of 254,624. FactSet Research Systems Inc. has a 1-year low of $264.73 and a 1-year high of $365.77. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 0.60. The business has a 50-day simple moving average of $321.05 and a two-hundred day simple moving average of $323.47. The stock has a market capitalization of $12.98 billion, a PE ratio of 34.76, a P/E/G ratio of 3.47 and a beta of 0.77.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Monday, March 29th. The business services provider reported $2.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.74 by ($0.02). FactSet Research Systems had a net margin of 25.08% and a return on equity of 51.42%. The firm had revenue of $391.80 million during the quarter, compared to analyst estimates of $391.90 million. During the same period in the previous year, the firm posted $2.55 earnings per share. As a group, research analysts expect that FactSet Research Systems Inc. will post 11.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 18th. Shareholders of record on Friday, February 26th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Thursday, February 25th. FactSet Research Systems’s dividend payout ratio (DPR) is 28.33%.
In other news, Director Joseph Zimmel sold 1,133 shares of the business’s stock in a transaction dated Friday, February 12th. The stock was sold at an average price of $316.65, for a total value of $358,764.45. Following the completion of the sale, the director now directly owns 2,404 shares of the company’s stock, valued at approximately $761,226.60. The transaction 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 2,500 shares of the business’s stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $305.90, for a total value of $764,750.00. Following the completion of the transaction, the chief executive officer now owns 6,397 shares in the company, valued at approximately $1,956,842.30. The disclosure for this sale can be found here. Insiders have sold a total of 6,133 shares of company stock valued at $1,901,164 over the last ninety days. 0.74% of the stock is owned by company insiders.
About FactSet Research Systems
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment and corporate communities in the Americas, EMEA, 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.
Featured Story: What does cost of debt say about a company’s financial health?
Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS).
Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.