Ninety One North America Inc. Sells 4,701 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Ninety One North America Inc. lowered its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,342 shares of the business services provider's stock after selling 4,701 shares during the period. FactSet Research Systems makes up approximately 1.8% of Ninety One North America Inc.'s holdings, making the stock its 21st largest holding. Ninety One North America Inc. owned about 0.16% of FactSet Research Systems worth $26,979,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cary Street Partners Financial LLC purchased a new position in FactSet Research Systems during the 4th quarter valued at about $29,000. American National Bank & Trust purchased a new position in FactSet Research Systems during the 1st quarter valued at about $44,000. Golden State Wealth Management LLC increased its holdings in 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 purchasing an additional 88 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in FactSet Research Systems by 31.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after purchasing an additional 28 shares during the period. Finally, CX Institutional purchased a new position in FactSet Research Systems during the 1st quarter valued at about $60,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on FDS. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a research report on Friday, June 20th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, June 20th. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Evercore ISI cut their price objective on 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. Finally, Morgan Stanley lifted their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research report on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, FactSet Research Systems presently has a consensus rating of "Hold" and a consensus target price of $444.25.

Insider Transactions at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 7,606 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total value of $3,398,665.04. Following the transaction, the executive vice president directly owned 23,952 shares of the company's stock, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Up 0.7%

Shares of FDS traded up $3.00 during mid-day trading on Wednesday, reaching $447.57. The company had a trading volume of 146,755 shares, compared to its average volume of 293,311. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a 50-day moving average price of $444.60 and a 200 day moving average price of $448.47. FactSet Research Systems Inc. has a 52 week low of $391.69 and a 52 week high of $499.87. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 2.90 and a beta of 0.84.

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 analysts' consensus estimates 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 company had revenue of $585.52 million during the quarter, compared to the consensus estimate of $580.70 million. During the same period in the prior year, the firm earned $4.37 earnings per share. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were given a $1.10 dividend. The ex-dividend date was Friday, May 30th. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a yield of 0.98%. FactSet Research Systems's dividend payout ratio is 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.