FactSet Research Systems Inc. (NYSE:FDS) Stake Reduced by Congress Asset Management Co.

Congress Asset Management Co. lessened its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 99.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,691 shares of the business services provider's stock after selling 229,107 shares during the quarter. Congress Asset Management Co.'s holdings in FactSet Research Systems were worth $769,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in FactSet Research Systems by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock worth $226,867,000 after acquiring an additional 52,741 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth about $5,882,000. American Century Companies Inc. lifted its holdings in FactSet Research Systems by 44.4% during the 4th quarter. American Century Companies Inc. now owns 15,493 shares of the business services provider's stock worth $7,441,000 after buying an additional 4,763 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in FactSet Research Systems in the fourth quarter valued at $215,000. Finally, Palumbo Wealth Management LLC grew its position in shares of FactSet Research Systems by 19.3% during the fourth quarter. Palumbo Wealth Management LLC now owns 3,263 shares of the business services provider's stock worth $1,567,000 after buying an additional 528 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Trading Up 0.3%

Shares of FDS stock traded up $1.08 on Thursday, reaching $424.46. 506,865 shares of the stock were exchanged, compared to its average volume of 293,745. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market cap of $16.11 billion, a P/E ratio of 30.43, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86. The firm has a 50 day moving average of $438.90 and a two-hundred day moving average of $455.26. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $570.70 million during the quarter, compared to analysts' expectations 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 was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.22 EPS. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be given a $1.10 dividend. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date is Friday, May 30th. This represents a $4.40 annualized dividend and a dividend yield of 1.04%. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.29%.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems 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 completion of the transaction, the chief accounting officer now directly owns 44 shares of the company's stock, valued at approximately $19,084.12. The trade was a 89.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of analyst reports. BMO Capital Markets cut their price target on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. UBS Group dropped their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Morgan Stanley cut their price objective 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, Royal Bank of Canada restated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Tuesday, June 3rd. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $448.00.

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.