Bank Julius Baer & Co. Ltd Zurich Trims Position in FactSet Research Systems Inc. (NYSE:FDS)

Bank Julius Baer & Co. Ltd Zurich cut its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,590 shares of the business services provider's stock after selling 1,990 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.09% of FactSet Research Systems worth $14,809,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its holdings in shares of FactSet Research Systems by 4.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider's stock worth $368,000 after purchasing an additional 38 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of FactSet Research Systems by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock worth $609,000 after purchasing an additional 60 shares during the last quarter. Bessemer Group Inc. raised its position in shares of FactSet Research Systems by 284.3% during the 1st quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock valued at $535,000 after buying an additional 870 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of FactSet Research Systems during the 1st quarter valued at approximately $2,528,000. Finally, Golden State Wealth Management LLC raised its position in shares of FactSet Research Systems by 800.0% during the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after buying an additional 88 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the completion of the transaction, the director owned 4,461 shares in the company, valued at approximately $2,013,650.79. The trade was a 39.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the transaction, the chief accounting officer owned 44 shares of the company's stock, valued at approximately $19,474.40. The trade was a 98.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,031 shares of company stock worth $5,825,481. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

FDS has been the topic of several analyst reports. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Evercore ISI reduced their price target on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research report on Monday, June 16th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, June 20th. 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. Finally, UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat.com, FactSet Research Systems presently has an average rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems Stock Down 0.5%

Shares of NYSE:FDS traded down $2.10 during trading on Friday, hitting $419.36. The company's stock had a trading volume of 348,127 shares, compared to its average volume of 285,974. The business has a 50 day moving average price of $440.41 and a two-hundred day moving average price of $444.24. The company has a market capitalization of $15.86 billion, a PE ratio of 30.30, a P/E/G ratio of 2.74 and a beta of 0.84. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. 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 posted its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing the consensus estimate of $4.30 by ($0.03). The business had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The business's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.37 EPS. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's payout ratio is presently 31.79%.

About FactSet Research Systems

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.