Kintegral Advisory LLC Decreases Position in FactSet Research Systems Inc. (NYSE:FDS)

Kintegral Advisory LLC reduced its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 32.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,356 shares of the business services provider's stock after selling 665 shares during the quarter. Kintegral Advisory LLC's holdings in FactSet Research Systems were worth $616,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. QRG Capital Management Inc. grew its position in FactSet Research Systems by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock worth $609,000 after acquiring an additional 60 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of FactSet Research Systems by 284.3% in the 1st quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock valued at $535,000 after purchasing an additional 870 shares during the period. Golden State Wealth Management LLC increased its position 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 buying an additional 88 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in FactSet Research Systems during the 4th quarter valued at approximately $5,882,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in FactSet Research Systems by 35.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,927 shares of the business services provider's stock valued at $2,695,000 after buying an additional 1,557 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Down 0.8%

NYSE FDS traded down $3.40 during trading hours on Tuesday, hitting $444.49. 310,618 shares of the company were exchanged, compared to its average volume of 293,501. The stock has a 50-day moving average price of $444.29 and a 200 day moving average price of $448.47. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 52 week low of $391.69 and a 52 week high of $499.87. The stock has a market cap of $16.81 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 2.93 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 return on equity of 31.59% and a net margin of 23.30%. The company had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. During the same period in the previous year, the firm earned $4.37 earnings per share. The company's revenue was up 5.9% compared to the same quarter last year. Analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were paid 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 yield of 0.99%. The ex-dividend date was Friday, May 30th. FactSet Research Systems's payout ratio is presently 31.79%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FDS. Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, June 20th. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Morgan Stanley lifted their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Finally, Evercore ISI cut their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a report on Monday, June 16th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $444.25.

FactSet Research Systems 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.