Tidal Investments LLC Sells 1,447 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Tidal Investments LLC trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 57.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,088 shares of the business services provider's stock after selling 1,447 shares during the quarter. Tidal Investments LLC's holdings in FactSet Research Systems were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in FactSet Research Systems in the 4th quarter valued at $69,128,000. Point72 Asset Management L.P. bought a new stake in FactSet Research Systems in the fourth quarter valued at about $66,368,000. Geode Capital Management LLC increased its holdings in FactSet Research Systems by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock valued at $527,411,000 after purchasing an additional 94,668 shares during the last quarter. Meridiem Capital Partners LP bought a new stake in FactSet Research Systems in the fourth quarter valued at about $41,241,000. Finally, Wealthfront Advisers LLC increased its holdings in FactSet Research Systems by 4,104.5% in the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider's stock valued at $36,712,000 after purchasing an additional 74,620 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction dated Monday, March 24th. The stock was 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 owns 44 shares in the company, valued at approximately $19,084.12. This trade represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

FactSet Research Systems Stock Down 0.3%

Shares of FDS traded down $1.26 during midday trading on Monday, hitting $457.00. The stock had a trading volume of 271,373 shares, compared to its average volume of 290,978. The company has a 50 day simple moving average of $440.98 and a two-hundred day simple moving average of $457.47. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87. The firm has a market cap of $17.34 billion, a price-to-earnings ratio of 32.76, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. 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 (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $4.22 EPS. On average, analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be given a $1.10 dividend. The ex-dividend date is Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's payout ratio is currently 31.29%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FDS. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. BMO Capital Markets dropped their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research note on Monday, March 24th. Morgan Stanley dropped their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. UBS Group dropped their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Finally, Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat, FactSet Research Systems presently has an average rating of "Hold" and a consensus target price of $440.22.

FactSet Research Systems 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.