Bank of New York Mellon Corp Sells 8,176 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Bank of New York Mellon Corp cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 3.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 268,603 shares of the business services provider's stock after selling 8,176 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.71% of FactSet Research Systems worth $122,118,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FDS. Cary Street Partners Financial LLC bought a new position in shares of FactSet Research Systems in the fourth quarter valued at about $29,000. American National Bank & Trust bought a new position in shares of FactSet Research Systems in the first quarter valued at about $44,000. Golden State Wealth Management LLC raised its holdings in shares of FactSet Research Systems by 800.0% in the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after buying an additional 88 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of FactSet Research Systems by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after buying an additional 28 shares during the last quarter. Finally, CX Institutional bought a new position in shares of FactSet Research Systems in the first quarter valued at about $60,000. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Trading Down 0.9%

Shares of FDS stock traded down $3.83 on Friday, reaching $446.16. The company had a trading volume of 232,216 shares, compared to its average volume of 294,496. The company has a 50-day moving average of $445.23 and a 200-day moving average of $447.59. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a market cap of $16.87 billion, a PE ratio of 32.24, a PEG ratio of 2.91 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued 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 business had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. FactSet Research Systems's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.37 earnings per share. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were issued a dividend of $1.10 per share. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date was Friday, May 30th. This represents a $4.40 annualized dividend and a yield of 0.99%. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.79%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 7,606 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the sale, the executive vice president owned 23,952 shares of the company's stock, valued at $10,702,711.68. This trade represents a 24.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the sale, the chief accounting officer directly owned 44 shares of the company's stock, valued at $19,474.40. This represents a 98.27% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on FDS. BMO Capital Markets lifted their price objective on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research report on Friday, June 20th. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Finally, Evercore ISI lowered their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research report on Monday, June 16th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $444.25.

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.