New York Life Investment Management LLC Sells 62 Shares of FactSet Research Systems Inc. (NYSE:FDS)

New York Life Investment Management LLC decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,381 shares of the business services provider’s stock after selling 62 shares during the period. New York Life Investment Management LLC’s holdings in FactSet Research Systems were worth $2,567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Morgan Stanley grew its position in FactSet Research Systems by 100.1% during the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after acquiring an additional 698,611 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in FactSet Research Systems by 671.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock worth $106,617,000 after acquiring an additional 212,204 shares during the last quarter. International Assets Investment Management LLC bought a new stake in FactSet Research Systems during the 4th quarter worth $45,288,000. JPMorgan Chase & Co. grew its position in FactSet Research Systems by 15.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after acquiring an additional 66,986 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in FactSet Research Systems by 45.1% during the 3rd quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock worth $81,723,000 after acquiring an additional 57,502 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FDS shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Wolfe Research started coverage on FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target on the stock. Barclays reiterated an “equal weight” rating and issued a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets upped their price target on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $469.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $442.70.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,363,082.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO Gregory T. Moskoff sold 330 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the sale, the chief accounting officer now directly owns 72 shares of the company’s stock, valued at $30,204. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total value of $1,245,780.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,363,082.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,330 shares of company stock valued at $2,740,515. 1.00% of the stock is owned by company insiders.

FactSet Research Systems Stock Up 1.2 %

Shares of NYSE:FDS opened at $428.25 on Monday. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 33.91, a P/E/G ratio of 2.71 and a beta of 0.73. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. The business’s 50-day moving average is $446.95 and its 200-day moving average is $454.03. FactSet Research Systems Inc. has a 1 year low of $380.96 and a 1 year high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The business had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. Equities research analysts predict that FactSet Research Systems Inc. will post 15.82 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be paid a dividend of $1.04 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, May 31st. FactSet Research Systems’s dividend payout ratio is 31.04%.

About FactSet Research Systems

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.