Massachusetts Financial Services Co. MA Reduces Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Massachusetts Financial Services Co. MA trimmed its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 87.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 50,653 shares of the business services provider's stock after selling 339,243 shares during the period. Massachusetts Financial Services Co. MA owned 0.13% of FactSet Research Systems worth $23,029,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FDS. Cary Street Partners Financial LLC purchased a new stake in shares of FactSet Research Systems in the fourth quarter valued at about $29,000. American National Bank & Trust purchased a new stake in shares of FactSet Research Systems in the first quarter valued at about $44,000. Golden State Wealth Management LLC raised its holdings in shares of FactSet Research Systems by 800.0% in the first 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 during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of FactSet Research Systems by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after buying an additional 28 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of FactSet Research Systems in the first quarter valued at about $60,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Christopher R. Ellis sold 7,606 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total value of $3,398,665.04. Following the transaction, the executive vice president owned 23,952 shares of the company's stock, valued at approximately $10,702,711.68. This trade represents a 24.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James J. Mcgonigle sold 2,925 shares of the firm's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the completion of the transaction, the director directly owned 4,461 shares in the company, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by insiders.

FactSet Research Systems Price Performance

Shares of FDS stock traded down $7.00 during trading hours on Monday, hitting $425.32. The company's stock had a trading volume of 84,209 shares, compared to its average volume of 295,641. The business has a fifty day moving average of $444.72 and a 200-day moving average of $445.71. The stock has a market cap of $16.08 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 2.82 and a beta of 0.84. FactSet Research Systems Inc. has a twelve month low of $391.69 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.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (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 for the quarter, compared to analyst estimates of $580.70 million. During the same quarter last year, the business posted $4.37 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a yield of 1.03%. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio (DPR) is 31.79%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. BMO Capital Markets increased 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. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Wells Fargo & Company increased 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, UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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.