Callan Family Office LLC Sells 1,206 Shares of FactSet Research Systems Inc. $FDS

Key Points

• Callan Family Office LLC has reduced its holdings in FactSet Research Systems by 61.8% in the first quarter, now owning only 745 shares valued at approximately $339,000.
• FactSet's stock has seen analyst ratings shift, with some firms lowering their price targets, reflecting a consensus "Hold" rating and an average target price of $444.25.
• Shares of FactSet Research Systems have recently decreased by 1.3%, currently trading at $370.05, following a quarterly earnings report that missed expectations by $0.03 per share.

Callan Family Office LLC decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 61.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 745 shares of the business services provider's stock after selling 1,206 shares during the period. Callan Family Office LLC's holdings in FactSet Research Systems were worth $339,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of FDS. Sagespring Wealth Partners LLC bought a new stake in shares of FactSet Research Systems during the 4th quarter worth about $246,000. Mariner LLC boosted its holdings in FactSet Research Systems by 2.2% in the 4th quarter. Mariner LLC now owns 15,549 shares of the business services provider's stock valued at $7,468,000 after purchasing an additional 333 shares during the period. Canada Post Corp Registered Pension Plan bought a new stake in FactSet Research Systems in the 4th quarter valued at about $298,000. Gabelli Funds LLC raised its holdings in FactSet Research Systems by 100.0% in the 4th quarter. Gabelli Funds LLC now owns 4,500 shares of the business services provider's stock valued at $2,161,000 after acquiring an additional 2,250 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in FactSet Research Systems by 1.2% in the 4th quarter. NewEdge Advisors LLC now owns 5,374 shares of the business services provider's stock valued at $2,581,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on FDS shares. BMO Capital Markets increased their price target on shares of 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. Wells Fargo & Company boosted their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, Evercore ISI decreased their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a report on Monday, June 16th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, FactSet Research Systems has an average rating of "Hold" and a consensus price target of $444.25.

Insider Activity

In related news, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the completion of the sale, the director directly owned 4,461 shares in the company, valued at approximately $2,013,650.79. The trade was a 39.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the sale, the chief accounting officer owned 44 shares of the company's stock, valued at $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock valued at $5,825,481 over the last three months. Insiders own 1.10% of the company's stock.

FactSet Research Systems Trading Up 0.3%

FactSet Research Systems stock traded up $1.00 during trading hours on Monday, reaching $370.62. The stock had a trading volume of 293,385 shares, compared to its average volume of 329,758. The stock has a market cap of $14.01 billion, a PE ratio of 26.78, a PEG ratio of 2.41 and a beta of 0.83. FactSet Research Systems Inc. has a 52 week low of $365.76 and a 52 week high of $499.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. The company has a fifty day simple moving average of $420.68 and a 200-day simple moving average of $436.47.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 EPS 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%. The company's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.37 EPS. Analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. FactSet Research Systems's payout ratio is presently 31.79%.

FactSet Research Systems 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.