Dock Street Asset Management Inc. Has $1.08 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Dock Street Asset Management Inc. raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 132.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,377 shares of the business services provider's stock after acquiring an additional 1,356 shares during the quarter. Dock Street Asset Management Inc.'s holdings in FactSet Research Systems were worth $1,081,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cary Street Partners Financial LLC bought a new position in shares of FactSet Research Systems during the fourth quarter valued at $29,000. American National Bank & Trust bought a new position in shares of FactSet Research Systems in the first quarter valued at about $44,000. Golden State Wealth Management LLC raised its holdings in shares of FactSet Research Systems by 800.0% in the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after buying an additional 88 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of FactSet Research Systems by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after buying an additional 28 shares during the last quarter. Finally, CX Institutional bought a new position in shares of FactSet Research Systems in the first quarter valued at about $60,000. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Up 0.6%

Shares of FactSet Research Systems stock traded up $2.65 on Wednesday, reaching $436.80. 252,116 shares of the company were exchanged, compared to its average volume of 296,025. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 2.84 and a beta of 0.84. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $445.39 and a 200 day moving average of $446.80.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data 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). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The company had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. During the same quarter in the prior year, the company earned $4.37 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, May 30th. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio is 31.79%.

Insider Activity at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total value 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. This represents a 24.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $451.39, for a total value of $1,320,315.75. Following the completion of the transaction, the director directly owned 4,461 shares in the company, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,031 shares of company stock worth $5,825,481. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FDS. Wells Fargo & Company lifted their price target on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Morgan Stanley lifted their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.