Townsquare Capital LLC trimmed its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 27.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,350 shares of the business services provider's stock after selling 7,021 shares during the period. Townsquare Capital LLC's holdings in FactSet Research Systems were worth $8,343,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Kolinsky Wealth Management LLC raised its holdings in FactSet Research Systems by 3.2% during the fourth quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock worth $355,000 after purchasing an additional 23 shares in the last quarter. Fifth Third Bancorp grew its holdings in FactSet Research Systems by 1.6% during the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider's stock worth $668,000 after acquiring an additional 23 shares during the period. Geller Advisors LLC increased its stake in FactSet Research Systems by 5.6% in the 4th quarter. Geller Advisors LLC now owns 468 shares of the business services provider's stock worth $225,000 after purchasing an additional 25 shares in the last quarter. Birch Capital Management LLC lifted its holdings in shares of FactSet Research Systems by 0.3% during the 1st quarter. Birch Capital Management LLC now owns 8,611 shares of the business services provider's stock valued at $3,915,000 after buying an additional 25 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in FactSet Research Systems by 3.1% in the 1st quarter. Alps Advisors Inc. now owns 822 shares of the business services provider's stock worth $374,000 after purchasing an additional 25 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.
Insider Activity at FactSet Research Systems
In related news, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the sale, the chief accounting officer owned 44 shares in the company, valued at $19,474.40. The trade was a 98.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $451.39, for a total value of $1,320,315.75. Following the transaction, the director directly owned 4,461 shares in the company, valued at $2,013,650.79. This trade represents a 39.60% 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. Corporate insiders own 1.10% of the company's stock.
FactSet Research Systems Stock Down 1.3%
Shares of FDS traded down $4.79 during midday trading on Monday, hitting $377.64. 405,408 shares of the company's stock traded hands, compared to its average volume of 371,172. FactSet Research Systems Inc. has a 1 year low of $376.84 and a 1 year high of $499.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 2.50 and a beta of 0.83. The firm's fifty day moving average is $425.53 and its 200-day moving average is $439.20.
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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The company had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.37 earnings per share. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.
FactSet Research Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be paid a $1.10 dividend. The ex-dividend date is Friday, August 29th. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. FactSet Research Systems's dividend payout ratio is 31.79%.
Analyst Ratings Changes
A number of analysts recently issued reports on FDS shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, June 20th. Wells Fargo & Company boosted their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Finally, BMO Capital Markets lifted their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $444.25.
Read Our Latest Research Report on FDS
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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