FactSet Research Systems Inc. (NYSE:FDS) Stake Trimmed by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC has reduced its holdings in FactSet Research Systems by 48.6% during the first quarter, now owning 4,735 shares valued at approximately $2.15 million.
• FactSet Research Systems missed earnings estimates for the last quarter, reporting an EPS of $4.27 compared to the expected $4.30, despite a 5.9% increase in revenue year-over-year.
• The company has announced a quarterly dividend of $1.10 per share, with a dividend yield of 1.2%, set to be paid on September 18th to stockholders of record.

New Age Alpha Advisors LLC lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 48.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,735 shares of the business services provider's stock after selling 4,477 shares during the quarter. New Age Alpha Advisors LLC's holdings in FactSet Research Systems were worth $2,153,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FDS. Cary Street Partners Financial LLC bought a new stake in FactSet Research Systems in the fourth quarter valued at $29,000. American National Bank & Trust bought a new stake in FactSet Research Systems in the first quarter valued at $44,000. Bank of Jackson Hole Trust lifted its stake in FactSet Research Systems by 187.9% in the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock valued at $44,000 after buying an additional 62 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in FactSet Research Systems by 800.0% in the first 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted 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 buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Morgan Stanley raised their target price on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. Evercore ISI cut their target price on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research note on Monday, June 16th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, BMO Capital Markets lifted 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 research note on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $444.25.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total value of $1,106,500.00. Following the sale, the chief accounting officer directly owned 44 shares in the company, valued at approximately $19,474.40. The trade was a 98.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the business's 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 owned 23,952 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Stock Performance

Shares of NYSE FDS traded down $4.42 during midday trading on Friday, reaching $382.25. 219,024 shares of the company traded hands, compared to its average volume of 371,832. FactSet Research Systems Inc. has a 52 week low of $381.30 and a 52 week high of $499.87. The stock has a 50-day moving average price of $427.12 and a 200 day moving average price of $439.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 2.50 and a beta of 0.83.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued 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). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The business had revenue of $585.52 million during the quarter, compared to the consensus estimate of $580.70 million. During the same quarter last year, the firm posted $4.37 earnings per share. FactSet Research Systems's revenue was up 5.9% 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 fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be given a $1.10 dividend. The ex-dividend date is Friday, August 29th. This represents a $4.40 annualized dividend and a yield of 1.2%. FactSet Research Systems's payout ratio is 31.79%.

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.