Envestnet Portfolio Solutions Inc. Sells 1,223 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Envestnet Portfolio Solutions Inc. lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 35.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,270 shares of the business services provider's stock after selling 1,223 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in FactSet Research Systems were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Financial LLC acquired a new stake in shares of FactSet Research Systems in the 4th quarter valued at about $29,000. American National Bank & Trust bought a new position in FactSet Research Systems in the first quarter worth approximately $44,000. MassMutual Private Wealth & Trust FSB grew its stake in 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 acquiring an additional 28 shares during the period. CX Institutional bought a new stake in shares of FactSet Research Systems during the first quarter valued at approximately $60,000. Finally, Allworth Financial LP increased its holdings 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 valued at $64,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Stock Performance

Shares of FDS traded up $2.39 on Wednesday, reaching $439.99. 291,921 shares of the company's stock traded hands, compared to its average volume of 295,793. The stock's 50 day simple moving average is $440.21 and its two-hundred day simple moving average is $451.25. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. The stock has a market cap of $16.70 billion, a PE ratio of 31.79, a PEG ratio of 2.88 and a beta of 0.86.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results 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). The business 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 for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.37 earnings per share. On average, analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 1.00%. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date was Friday, May 30th. FactSet Research Systems's payout ratio is presently 31.29%.

Wall Street Analysts Forecast Growth

FDS has been the subject of several research reports. 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 report on Friday, June 20th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, June 20th. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Morgan Stanley raised their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research report on Friday, June 20th. Finally, BMO Capital Markets lifted their price target on FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a research note on Friday, June 20th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems 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.