Portside Wealth Group LLC cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 30.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,398 shares of the business services provider's stock after selling 1,053 shares during the quarter. Portside Wealth Group LLC's holdings in FactSet Research Systems were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Clean Yield Group raised its holdings in shares of FactSet Research Systems by 18.0% in the 1st quarter. Clean Yield Group now owns 177 shares of the business services provider's stock valued at $80,000 after buying an additional 27 shares during the period. KFG Wealth Management LLC lifted its holdings in FactSet Research Systems by 6.1% during the 1st quarter. KFG Wealth Management LLC now owns 1,195 shares of the business services provider's stock worth $543,000 after buying an additional 69 shares in the last quarter. Impact Capital Partners LLC boosted its position in FactSet Research Systems by 7.5% in the 1st quarter. Impact Capital Partners LLC now owns 1,306 shares of the business services provider's stock valued at $594,000 after buying an additional 91 shares during the period. Procyon Advisors LLC grew its stake in shares of FactSet Research Systems by 5.1% in the first quarter. Procyon Advisors LLC now owns 7,146 shares of the business services provider's stock worth $3,249,000 after acquiring an additional 344 shares in the last quarter. Finally, Vest Financial LLC purchased a new stake in shares of FactSet Research Systems during the first quarter worth $52,445,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.
FactSet Research Systems Stock Performance
Shares of FDS stock traded down $0.90 during mid-day trading on Tuesday, hitting $425.86. The stock had a trading volume of 205,679 shares, compared to its average volume of 293,051. The firm has a market cap of $16.16 billion, a PE ratio of 30.53, a PEG ratio of 2.93 and a beta of 0.86. The company's 50-day simple moving average is $438.96 and its 200-day simple moving average is $455.69. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87.
FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same period in the prior year, the business posted $4.22 earnings per share. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.
FactSet Research Systems Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, May 30th. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's payout ratio is 31.29%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on FDS shares. Morgan Stanley decreased their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a report on Friday, March 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Tuesday, June 3rd. Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $450.00 to $402.00 in a report on Friday, March 21st. BMO Capital Markets cut their target price on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th. Finally, UBS Group lowered their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems has a consensus rating of "Hold" and an average price target of $448.00.
Read Our Latest Stock Analysis on FDS
Insider Activity at FactSet Research Systems
In other news, CAO Gregory T. Moskoff sold 363 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the transaction, the chief accounting officer now directly owns 44 shares of the company's stock, valued at $19,084.12. This trade represents a 89.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.
About FactSet Research Systems
(
Free Report)
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.
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