Dock Street Asset Management Inc. Grows Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Dock Street Asset Management Inc. increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 132.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,377 shares of the business services provider's stock after purchasing an additional 1,356 shares during the quarter. Dock Street Asset Management Inc.'s holdings in FactSet Research Systems were worth $1,081,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cary Street Partners Financial LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $29,000. American National Bank & Trust purchased a new position in shares of FactSet Research Systems during the 1st quarter worth about $44,000. Golden State Wealth Management LLC grew its holdings in FactSet Research Systems by 800.0% during 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 grew its holdings in FactSet Research Systems by 31.1% during 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 purchased a new stake in FactSet Research Systems in the 1st quarter worth about $60,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Stock Down 0.9%

FactSet Research Systems stock traded down $3.83 during trading hours on Friday, reaching $446.16. The stock had a trading volume of 232,216 shares, compared to its average volume of 294,496. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 2.91 and a beta of 0.84. The business's 50 day moving average price is $445.23 and its 200-day moving average price is $447.59. FactSet Research Systems Inc. has a 52 week low of $391.69 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.

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 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 was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.37 EPS. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were given 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 yield of 0.99%. The ex-dividend date of this dividend was Friday, May 30th. FactSet Research Systems's dividend payout ratio is currently 31.79%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FDS shares. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, June 20th. Evercore ISI decreased their price objective on shares of 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. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. 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 research note on Friday, June 20th. Finally, UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $444.25.

Insider Activity

In other news, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the sale, the executive vice president owned 23,952 shares in the company, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the completion of 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. 1.10% of the stock is currently owned by company insiders.

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.