FactSet Research Systems Inc. (NYSE:FDS) Stock Holdings Trimmed by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC trimmed its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 87.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,231 shares of the business services provider's stock after selling 29,781 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in FactSet Research Systems were worth $2,032,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC raised its position in FactSet Research Systems by 1.4% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider's stock valued at $755,000 after purchasing an additional 22 shares during the period. Allworth Financial LP grew its stake in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after purchasing an additional 22 shares in the last quarter. Private Trust Co. NA grew its stake in shares of FactSet Research Systems by 8.2% during the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock worth $140,000 after purchasing an additional 22 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of FactSet Research Systems by 2.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock worth $583,000 after purchasing an additional 24 shares in the last quarter. Finally, Cerro Pacific Wealth Advisors LLC grew its stake in shares of FactSet Research Systems by 1.4% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider's stock worth $809,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Trading Down 0.2%

Shares of FDS traded down $0.93 during mid-day trading on Wednesday, reaching $462.07. The company had a trading volume of 60,627 shares, compared to its average volume of 291,360. The stock has a market cap of $17.53 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The firm has a fifty day simple moving average of $439.09 and a 200-day simple moving average of $458.42. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. FactSet Research Systems's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $4.22 EPS. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, May 30th. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio (DPR) is 31.29%.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. BMO Capital Markets reduced their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a report on Monday, March 24th. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $450.00 to $402.00 in a report on Friday, March 21st. UBS Group cut their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Finally, Morgan Stanley cut their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a report on Friday, March 21st. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to MarketBeat.com, FactSet Research Systems presently has an average rating of "Hold" and an average target price of $436.90.

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.