FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 64,749 shares of the business services provider's stock after selling 1,305 shares during the period. 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 hedge funds and other institutional investors have also recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter valued at $29,000. American National Bank & Trust acquired a new position in shares of FactSet Research Systems in the 1st quarter valued at $44,000. Golden State Wealth Management LLC boosted its holdings in shares of FactSet Research Systems by 800.0% in the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after purchasing an additional 88 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of FactSet Research Systems by 31.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after purchasing an additional 28 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of FactSet Research Systems in the 1st quarter valued at $60,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Up 1.1%

Shares of NYSE:FDS traded up $4.96 during midday trading on Friday, hitting $441.99. 713,030 shares of the company's stock traded hands, compared to its average volume of 293,647. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $16.77 billion, a PE ratio of 31.94, a P/E/G ratio of 2.88 and a beta of 0.86. The firm's fifty day moving average price is $440.97 and its two-hundred day moving average price is $450.33. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87.

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

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 dividend on an annualized basis and a yield of 1.00%. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's payout ratio is currently 31.29%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FDS shares. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Wells Fargo & Company lifted their price target 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. Morgan Stanley lifted 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. Finally, BMO Capital Markets lifted 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. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.