Everett Harris & Co. CA Lowers Stake in FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• Everett Harris & Co. CA reduced its stake in FactSet Research Systems Inc. by 1.0%, now owning about 148,361 shares worth approximately $67.45 million.
• FactSet recently announced its quarterly earnings, reporting $4.27 EPS, which was slightly below analysts' expectations of $4.30.
• The company declared a quarterly dividend of $1.10 per share, translating to an annual yield of 1.1%, set to be paid on September 18th.

Everett Harris & Co. CA lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 148,361 shares of the business services provider's stock after selling 1,478 shares during the period. FactSet Research Systems comprises approximately 0.9% of Everett Harris & Co. CA's holdings, making the stock its 25th biggest position. Everett Harris & Co. CA owned approximately 0.39% of FactSet Research Systems worth $67,451,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Forsta AP Fonden raised its stake in FactSet Research Systems by 27.7% during the 1st quarter. Forsta AP Fonden now owns 12,900 shares of the business services provider's stock worth $5,865,000 after acquiring an additional 2,800 shares during the period. Nicholson Wealth Management Group LLC raised its stake in FactSet Research Systems by 2.6% during the 1st quarter. Nicholson Wealth Management Group LLC now owns 3,371 shares of the business services provider's stock worth $1,533,000 after acquiring an additional 84 shares during the period. Savvy Advisors Inc. bought a new stake in FactSet Research Systems during the 1st quarter worth approximately $300,000. Citigroup Inc. raised its stake in FactSet Research Systems by 88.3% during the 1st quarter. Citigroup Inc. now owns 72,773 shares of the business services provider's stock worth $33,086,000 after acquiring an additional 34,129 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in FactSet Research Systems by 4.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528,045 shares of the business services provider's stock worth $240,070,000 after acquiring an additional 22,458 shares during the period. Institutional investors own 91.24% of the company's stock.

Insider Buying and Selling at FactSet Research Systems

In other news, Director James J. Mcgonigle sold 2,925 shares of the firm's stock in a transaction dated 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 sale, the director owned 4,461 shares in the company, valued at approximately $2,013,650.79. This trade represents a 39.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of the 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 completion of the sale, the executive vice president directly owned 23,952 shares in the company, valued at $10,702,711.68. This trade represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,031 shares of company stock worth $5,825,481 over the last quarter. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

FDS has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Three 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 presently has an average rating of "Hold" and an average target price of $444.25.

FactSet Research Systems Price Performance

Shares of FDS stock traded down $4.42 on Friday, reaching $382.25. The company's stock had a trading volume of 219,024 shares, compared to its average volume of 371,832. The stock's fifty day simple moving average is $427.12 and its 200-day simple moving average is $439.99. FactSet Research Systems Inc. has a 1 year low of $381.30 and a 1 year high of $499.87. 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 market capitalization of $14.45 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 2.50 and a beta of 0.83.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The business 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%. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $4.37 earnings per share. Analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, August 29th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. FactSet Research Systems's payout ratio is 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.