JGP Wealth Management LLC Sells 2,309 Shares of FactSet Research Systems Inc. (NYSE:FDS)

JGP Wealth Management LLC lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 11.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,504 shares of the business services provider's stock after selling 2,309 shares during the period. JGP Wealth Management LLC's holdings in FactSet Research Systems were worth $8,413,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Cary Street Partners Financial LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of FactSet Research Systems by 31.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock worth $54,000 after purchasing an additional 28 shares in the last quarter. Allworth Financial LP increased its stake in shares of FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after purchasing an additional 22 shares in the last quarter. Menard Financial Group LLC purchased a new stake in FactSet Research Systems in the 4th quarter worth $91,000. Finally, Smartleaf Asset Management LLC grew its position in shares of FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. BMO Capital Markets lowered their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a report on Monday, March 24th. Morgan Stanley dropped their target price on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research report on Friday, March 21st. UBS Group lowered their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Tuesday. Finally, Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $450.00 to $402.00 in a report on Friday, March 21st. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $440.22.

Insider Buying and Selling

In other news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

FactSet Research Systems Trading Down 4.6%

Shares of NYSE:FDS traded down $20.89 during trading on Tuesday, reaching $435.67. The stock had a trading volume of 818,636 shares, compared to its average volume of 292,289. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average price of $440.98 and a 200-day moving average price of $457.47. The stock has a market cap of $16.53 billion, a P/E ratio of 31.23, a PEG ratio of 2.93 and a beta of 0.88.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million for the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.22 earnings per share. As a group, analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be issued a dividend of $1.10 per share. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, May 30th. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.29%.

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.