Copeland Capital Management LLC Sells 1,305 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Copeland Capital Management LLC reduced its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,749 shares of the business services provider's stock after selling 1,305 shares during the quarter. Copeland Capital Management LLC owned about 0.17% of FactSet Research Systems worth $29,438,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of FactSet Research Systems by 40,436.2% in the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock valued at $195,536,000 after buying an additional 429,028 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of FactSet Research Systems during the 4th quarter valued at $69,128,000. Point72 Asset Management L.P. bought a new position in shares of FactSet Research Systems during the 4th quarter valued at approximately $66,368,000. Vest Financial LLC purchased a new position in FactSet Research Systems in the first quarter valued at approximately $52,445,000. Finally, Geode Capital Management LLC raised its stake in shares of FactSet Research Systems by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock valued at $527,411,000 after buying an additional 94,668 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FDS shares. Morgan Stanley lifted their target price on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. BMO Capital Markets raised their price target on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a 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. Finally, Evercore ISI dropped their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a report on Monday, June 16th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $444.25.

FactSet Research Systems Price Performance

NYSE:FDS traded up $2.82 during midday trading on Tuesday, hitting $450.10. The company had a trading volume of 200,934 shares, compared to its average volume of 293,172. The company has a market capitalization of $17.08 billion, a PE ratio of 32.52, a P/E/G ratio of 2.88 and a beta of 0.86. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. The stock's fifty day moving average price is $441.64 and its 200-day moving average price is $449.77.

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 (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). The firm 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 for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $4.37 EPS. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th were issued a $1.10 dividend. The ex-dividend date was Friday, May 30th. This represents a $4.40 annualized dividend and a dividend yield of 0.98%. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's payout ratio is currently 31.29%.

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.