FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Core Alternative Capital

Core Alternative Capital lowered its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 17.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,494 shares of the business services provider's stock after selling 2,391 shares during the period. Core Alternative Capital's holdings in FactSet Research Systems were worth $5,226,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Cary Street Partners Financial LLC purchased a new position in FactSet Research Systems in the fourth quarter worth approximately $29,000. American National Bank & Trust purchased a new stake in shares of FactSet Research Systems during the 1st quarter worth approximately $44,000. Golden State Wealth Management LLC increased 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 acquiring an additional 88 shares during the period. MassMutual Private Wealth & Trust FSB increased 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 acquiring an additional 28 shares during the period. Finally, CX Institutional acquired a new position in shares of FactSet Research Systems in the 1st quarter valued at $60,000. Institutional investors and hedge funds own 91.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, June 20th. BMO Capital Markets upped 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 note on Friday, June 20th. Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Finally, Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, FactSet Research Systems currently has an average rating of "Hold" and an average target price of $444.25.

FactSet Research Systems Trading Up 0.7%

NYSE:FDS traded up $3.00 on Wednesday, reaching $447.57. The stock had a trading volume of 146,746 shares, compared to its average volume of 320,140. The company has a market cap of $16.92 billion, a price-to-earnings ratio of 32.34, a P/E/G ratio of 2.93 and a beta of 0.84. 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 firm's fifty day moving average is $444.29 and its two-hundred day moving average is $448.47. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The firm had revenue of $585.52 million during the quarter, compared to analysts' expectations of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $4.37 earnings per share. Equities analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal 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 dividend of $1.10 per share. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Friday, May 30th. FactSet Research Systems's dividend payout ratio is presently 31.79%.

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.