Norden Group LLC Trims Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• Norden Group LLC has reduced its stake in FactSet Research Systems Inc. by 61.3%, selling 2,052 shares and leaving it with 1,296 shares valued at approximately $589,000.
• FactSet has announced a quarterly dividend of $1.10 per share, up from the previous $1.04, reflecting a solid dividend payout ratio of 31.79%.
• The stock has a consensus rating of "Hold" among analysts, with a current price target averaging $444.25, despite a recent earnings miss of $0.03 per share.

Norden Group LLC reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 61.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,296 shares of the business services provider's stock after selling 2,052 shares during the period. Norden Group LLC's holdings in FactSet Research Systems were worth $589,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cary Street Partners Financial LLC bought a new stake in FactSet Research Systems in the fourth quarter worth about $29,000. American National Bank & Trust purchased a new position in FactSet Research Systems during the first quarter valued at approximately $44,000. Golden State Wealth Management LLC grew its stake in FactSet Research Systems by 800.0% during the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after acquiring an additional 88 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in FactSet Research Systems by 31.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after acquiring an additional 28 shares in the last quarter. Finally, CX Institutional purchased a new position in FactSet Research Systems during the first quarter valued at approximately $60,000. 91.24% of the stock is owned by institutional investors.

Insider Transactions at FactSet Research Systems

In related news, Director James J. Mcgonigle sold 2,925 shares of the company'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 sale, the director directly owned 4,461 shares in the company, valued at $2,013,650.79. This represents a 39.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the sale, the chief accounting officer owned 44 shares of the company's stock, valued at $19,474.40. This represents a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is currently owned by insiders.

FactSet Research Systems Trading Down 2.9%

Shares of FDS traded down $11.79 during mid-day trading on Friday, reaching $391.11. The company's stock had a trading volume of 470,165 shares, compared to its average volume of 316,252. The stock has a market cap of $14.79 billion, a PE ratio of 28.26, a P/E/G ratio of 2.63 and a beta of 0.83. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 52 week low of $389.08 and a 52 week high of $499.87. The company's fifty day moving average price is $434.43 and its two-hundred day moving average price is $442.64.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The company's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.37 earnings per share. On average, analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on FDS shares. BMO Capital Markets boosted 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. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Wells Fargo & Company boosted their price target 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. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $444.25.

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.