Capstone Investment Advisors LLC Sells 976 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Capstone Investment Advisors LLC trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 55.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 770 shares of the business services provider's stock after selling 976 shares during the period. Capstone Investment Advisors LLC's holdings in FactSet Research Systems were worth $370,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mount Yale Investment Advisors LLC raised its holdings in FactSet Research Systems by 1.4% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider's stock worth $755,000 after purchasing an additional 22 shares in the last quarter. Allworth Financial LP raised its stake in FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after buying an additional 22 shares in the last quarter. Private Trust Co. NA raised its stake in 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. Avantax Advisory Services Inc. lifted its holdings in 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 during the period. Finally, Cerro Pacific Wealth Advisors LLC boosted its position in FactSet Research Systems by 1.4% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider's stock valued at $809,000 after acquiring an additional 25 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FDS. BMO Capital Markets decreased their target price on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research report on Monday, March 24th. Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $450.00 to $402.00 in a research report on Friday, March 21st. 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. Morgan Stanley lowered their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research report on Friday, March 21st. Finally, UBS Group cut their price objective 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. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $436.90.

FactSet Research Systems Stock Down 0.7 %

Shares of FactSet Research Systems stock opened at $430.10 on Wednesday. The company has a 50-day simple moving average of $433.00 and a two-hundred day simple moving average of $458.71. The stock has a market capitalization of $16.32 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.22 EPS. On average, analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS 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. Shareholders 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 represents a $4.40 annualized dividend and a yield of 1.02%. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio is currently 31.29%.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares of the company's stock, valued at $19,084.12. This represents a 89.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company's stock.

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.

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