Independent Advisor Alliance Increases Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• Independent Advisor Alliance increased its stake in FactSet Research Systems by 193.8% in the first quarter, owning 1,290 shares valued at $587,000.
• FactSet recently announced a quarterly dividend of $1.10 per share, providing an annualized dividend yield of 1.2%.
• FactSet reported earnings per share (EPS) of $4.27, slightly missing analyst expectations, but revenue rose by 5.9% year-over-year to $585.52 million.

Independent Advisor Alliance lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 193.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,290 shares of the business services provider's stock after buying an additional 851 shares during the period. Independent Advisor Alliance's holdings in FactSet Research Systems were worth $587,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FDS. GAMMA Investing LLC increased its holdings in shares of FactSet Research Systems by 40,436.2% during the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock worth $195,536,000 after buying an additional 429,028 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth $66,368,000. Vanguard Group Inc. increased its holdings in shares of FactSet Research Systems by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock worth $2,180,160,000 after buying an additional 137,874 shares during the last quarter. Nuveen LLC acquired a new stake in shares of FactSet Research Systems during the 1st quarter worth $54,148,000. Finally, Vest Financial LLC acquired a new stake in shares of FactSet Research Systems during the 1st quarter worth $52,445,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $375.09 on Friday. FactSet Research Systems Inc. has a 12 month low of $367.36 and a 12 month high of $499.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $14.18 billion, a P/E ratio of 27.10, a P/E/G ratio of 2.46 and a beta of 0.83. The company's fifty day moving average price is $421.94 and its two-hundred day moving average price is $437.60.

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 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 firm had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. During the same quarter in the prior year, the firm earned $4.37 EPS. The business's quarterly revenue was up 5.9% compared to the same quarter last year. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. FactSet Research Systems's dividend payout ratio is 31.79%.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer owned 44 shares in the company, valued at approximately $19,474.40. This represents a 98.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the sale, the executive vice president owned 23,952 shares in the company, valued at approximately $10,702,711.68. This trade represents a 24.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FDS has been the topic of several recent research reports. Evercore ISI reduced their target price on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a report on Monday, June 16th. Morgan Stanley lifted their target price on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. 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. Wells Fargo & Company lifted their target price on shares of FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems 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 company. According to MarketBeat, FactSet Research Systems currently has a consensus rating of "Hold" and a consensus target price of $444.25.

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.

Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.