FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Ninety One North America Inc.

Ninety One North America Inc. decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,342 shares of the business services provider's stock after selling 4,701 shares during the quarter. FactSet Research Systems comprises about 1.8% of Ninety One North America Inc.'s investment portfolio, making the stock its 21st biggest holding. Ninety One North America Inc. owned about 0.16% of FactSet Research Systems worth $26,979,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Kolinsky Wealth Management LLC increased its holdings in shares of FactSet Research Systems by 3.2% in the 4th 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 boosted its position in FactSet Research Systems by 1.6% in the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider's stock worth $668,000 after purchasing an additional 23 shares during the last quarter. Avantax Advisory Services Inc. grew its position in FactSet Research Systems by 2.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock valued at $583,000 after buying an additional 24 shares during the period. Geller Advisors LLC raised its position in FactSet Research Systems by 5.6% in the fourth quarter. Geller Advisors LLC now owns 468 shares of the business services provider's stock worth $225,000 after acquiring an additional 25 shares during the period. Finally, Birch Capital Management LLC boosted its stake 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 worth $3,915,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 91.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FDS. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Wells Fargo & Company lifted their target price on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Evercore ISI lowered their target price on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research report on Monday, June 16th. Morgan Stanley upped their target price on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research report on Friday, June 20th. Finally, BMO Capital Markets raised their price target on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" 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 data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems Stock Down 0.8%

FDS traded down $3.40 during trading on Tuesday, hitting $444.49. The stock had a trading volume of 310,618 shares, compared to its average volume of 293,501. The stock has a 50 day simple moving average of $443.97 and a two-hundred day simple moving average of $448.50. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87. The company has a market capitalization of $16.81 billion, a PE ratio of 32.12, a PEG ratio of 2.93 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 (NYSE:FDS - Get Free Report) last released its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The firm had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. During the same period in the previous year, the company earned $4.37 earnings per share. FactSet Research Systems's revenue was up 5.9% on a year-over-year basis. On average, research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, May 30th. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio is 31.79%.

FactSet Research Systems Company 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.