Allianz Asset Management GmbH Sells 1,803 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• Allianz Asset Management GmbH reduced its stake in FactSet Research Systems by 49.3%, selling 1,803 shares to hold 1,857 shares valued at $844,000.
• FactSet's quarterly earnings were reported at $4.27 per share, missing estimates by $0.03, though revenue increased by 5.9% year-over-year.
• Several brokerages have adjusted their ratings and price targets for FactSet, with an average price target now set at $444.25 and a consensus rating of "Hold."

Allianz Asset Management GmbH reduced its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 49.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,857 shares of the business services provider's stock after selling 1,803 shares during the quarter. Allianz Asset Management GmbH's holdings in FactSet Research Systems were worth $844,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. lifted its position in FactSet Research Systems by 4.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider's stock worth $368,000 after buying an additional 38 shares in the last quarter. QRG Capital Management Inc. lifted its position in FactSet Research Systems by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock worth $609,000 after buying an additional 60 shares in the last quarter. Bessemer Group Inc. lifted its position in FactSet Research Systems by 284.3% during the 1st quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock worth $535,000 after buying an additional 870 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in FactSet Research Systems during the 1st quarter worth about $2,528,000. Finally, Golden State Wealth Management LLC lifted its position in FactSet Research Systems by 800.0% during the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock worth $45,000 after buying an additional 88 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, Director James J. Mcgonigle sold 2,925 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $451.39, for a total value of $1,320,315.75. Following the transaction, the director directly owned 4,461 shares of the company's stock, valued at $2,013,650.79. This represents a 39.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the transaction, the executive vice president directly owned 23,952 shares in the company, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,031 shares of company stock valued at $5,825,481 in the last three months. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on FDS. Royal Bank Of Canada reissued a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, June 20th. BMO Capital Markets upped their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. Wells Fargo & Company upped their target price on shares of FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Finally, Morgan Stanley upped their target price on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $444.25.

FactSet Research Systems Stock Performance

FactSet Research Systems stock traded down $5.26 during trading hours on Tuesday, hitting $390.90. The company had a trading volume of 320,445 shares, compared to its average volume of 325,255. The firm has a market cap of $14.78 billion, a PE ratio of 28.24, a PEG ratio of 2.56 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. FactSet Research Systems Inc. has a one year low of $383.27 and a one year high of $499.87. The firm has a 50-day moving average of $433.08 and a 200 day moving average of $441.98.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing the consensus estimate of $4.30 by ($0.03). The company had revenue of $585.52 million during the quarter, compared to the consensus estimate of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.37 earnings per share. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

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.