Beck Bode LLC Lowers Position in FactSet Research Systems Inc. (NYSE:FDS)

Beck Bode LLC decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,881 shares of the business services provider's stock after selling 631 shares during the period. FactSet Research Systems accounts for about 1.2% of Beck Bode LLC's holdings, making the stock its 28th largest position. Beck Bode LLC's holdings in FactSet Research Systems were worth $6,667,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Allworth Financial LP lifted 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 buying an additional 22 shares during the period. Smartleaf Asset Management LLC raised its holdings in FactSet Research Systems by 19.2% during the 4th 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 during the period. SBI Securities Co. Ltd. bought a new position in FactSet Research Systems during the 4th quarter worth about $102,000. Private Trust Co. NA raised its position in FactSet Research Systems by 8.2% in 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 during the last quarter. Finally, Blue Trust Inc. increased its stake in FactSet Research Systems by 61.8% in the 4th quarter. Blue Trust Inc. now owns 369 shares of the business services provider's stock valued at $170,000 after buying an additional 141 shares during the last quarter. Institutional investors own 91.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FDS shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. UBS Group lowered their target price on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley cut their price target 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. Finally, BMO Capital Markets lowered their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a report on Monday, March 24th. Four analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems presently has a consensus rating of "Hold" and an average price target of $436.90.

Insider Buying and Selling

In other news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

FactSet Research Systems Stock Down 0.7 %

FDS stock traded down $2.99 during midday trading on Tuesday, hitting $430.10. The company's stock had a trading volume of 243,902 shares, compared to its average volume of 284,222. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The company has a market cap of $16.32 billion, a PE ratio of 30.83, a P/E/G ratio of 2.93 and a beta of 0.88. The firm's 50-day moving average is $433.00 and its 200-day moving average is $458.71.

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

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, May 30th. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's payout ratio is 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.