Wolf Group Capital Advisors Lowers Stake in FactSet Research Systems Inc. (NYSE:FDS)

Wolf Group Capital Advisors lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 7.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,335 shares of the business services provider’s stock after selling 265 shares during the period. Wolf Group Capital Advisors’ holdings in FactSet Research Systems were worth $1,516,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 22 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock worth $140,000 after buying an additional 22 shares in the last quarter. Kolinsky Wealth Management LLC lifted its holdings in shares of FactSet Research Systems by 3.2% in the fourth quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider’s stock worth $355,000 after buying an additional 23 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of FactSet Research Systems by 1.6% in the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider’s stock worth $668,000 after buying an additional 23 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of FactSet Research Systems by 2.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider’s stock worth $583,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 0.6%

Shares of FDS opened at $423.92 on Wednesday. The company’s fifty day moving average is $440.10 and its 200 day moving average is $453.13. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The stock has a market capitalization of $16.09 billion, a PE ratio of 30.15, a P/E/G ratio of 2.78 and a beta of 0.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.47 and a current ratio of 1.47.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.07% and a return on equity of 32.91%. The company had revenue of $570.70 million for the quarter, compared to analysts’ expectations of $570.65 million. During the same quarter in the previous year, the business posted $4.22 earnings per share. FactSet Research Systems’s quarterly revenue was up 4.5% on a year-over-year basis. Sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.04. FactSet Research Systems’s payout ratio is currently 31.29%.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Morgan Stanley lowered their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Tuesday, June 3rd. Evercore ISI lowered their target price on shares of FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating on the stock in a report on Monday. Finally, UBS Group lowered their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $445.25.

FactSet Research Systems Company 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.