Fiera Capital Corp Sells 24,529 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• Fiera Capital Corp reduced its stake in FactSet Research Systems Inc. by 8.6% in the first quarter, now holding approximately $118.62 million worth of shares.
• Institutional investors and hedge funds collectively own 91.24% of the company's stock, with significant increases from several investors during the same quarter.
• FactSet declared a quarterly dividend of $1.10 per share, representing an increase from its previous dividend, and has a payout ratio of 31.79%.

Fiera Capital Corp decreased its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 260,914 shares of the business services provider's stock after selling 24,529 shares during the quarter. Fiera Capital Corp owned about 0.69% of FactSet Research Systems worth $118,622,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its holdings in FactSet Research Systems by 21.3% during the 1st quarter. Mackenzie Financial Corp now owns 7,476 shares of the business services provider's stock worth $3,399,000 after purchasing an additional 1,315 shares during the last quarter. LPL Financial LLC raised its holdings in FactSet Research Systems by 9.9% during the 1st quarter. LPL Financial LLC now owns 83,515 shares of the business services provider's stock worth $37,969,000 after purchasing an additional 7,529 shares during the last quarter. Texas Yale Capital Corp. raised its holdings in FactSet Research Systems by 67.1% during the 1st quarter. Texas Yale Capital Corp. now owns 2,432 shares of the business services provider's stock worth $1,106,000 after purchasing an additional 977 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in FactSet Research Systems by 0.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,450 shares of the business services provider's stock worth $7,479,000 after purchasing an additional 112 shares during the last quarter. Finally, Empirical Finance LLC raised its holdings in FactSet Research Systems by 5.9% during the 1st quarter. Empirical Finance LLC now owns 971 shares of the business services provider's stock worth $441,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 91.24% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on FDS. BMO Capital Markets raised their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. Evercore ISI reduced their price objective on shares of 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 raised their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report 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 report on Thursday, June 26th. Finally, 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. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $444.25.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, Director James J. Mcgonigle sold 2,925 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the transaction, the director directly owned 4,461 shares in the company, valued at approximately $2,013,650.79. This trade represents a 39.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction on 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 transaction, the chief accounting officer owned 44 shares in the company, valued at approximately $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 2.7%

NYSE FDS traded down $11.01 during mid-day trading on Friday, hitting $391.89. The company's stock had a trading volume of 214,932 shares, compared to its average volume of 323,087. The company's 50 day simple moving average is $435.88 and its 200 day simple moving average is $443.07. FactSet Research Systems Inc. has a twelve month low of $389.08 and a twelve month 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 firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 2.67 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 earnings per share 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 company had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. During the same quarter last year, the business posted $4.37 earnings per share. FactSet Research Systems's revenue was up 5.9% on a year-over-year basis. Analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

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.