Baird Financial Group Inc. Sells 1,765 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Baird Financial Group Inc. decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,865 shares of the business services provider's stock after selling 1,765 shares during the quarter. Baird Financial Group Inc. owned about 0.07% of FactSet Research Systems worth $13,383,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FDS. Allworth Financial LP boosted its position in shares of FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after acquiring an additional 22 shares in the last quarter. Smartleaf Asset Management LLC grew its position in FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock worth $99,000 after buying an additional 33 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in FactSet Research Systems during the 4th quarter valued at about $102,000. Private Trust Co. NA increased its position in FactSet Research Systems by 8.2% during the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after buying an additional 22 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of FactSet Research Systems in the 4th quarter worth $174,000. Institutional investors and hedge funds own 91.24% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on FDS shares. BMO Capital Markets lowered their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th. Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. Morgan Stanley decreased 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 research note on Friday, March 21st. Finally, UBS Group decreased 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 research note on Friday, March 21st. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $436.90.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction that occurred 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. This represents a 89.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Down 0.2%

Shares of FDS stock traded down $1.07 on Tuesday, hitting $455.33. The company's stock had a trading volume of 47,657 shares, compared to its average volume of 296,665. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The firm's fifty day moving average price is $432.81 and its 200-day moving average price is $458.36. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 2.93 and a beta of 0.88.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. During the same period in the previous year, the business earned $4.22 earnings per share. The company's quarterly revenue was up 4.5% on a year-over-year basis. Research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, May 30th. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 0.97%. FactSet Research Systems's payout ratio is currently 31.29%.

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.