FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 7.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,800 shares of the business services provider's stock after selling 1,100 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in FactSet Research Systems were worth $6,274,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Savant Capital LLC lifted its holdings in FactSet Research Systems by 8.9% during the fourth quarter. Savant Capital LLC now owns 562 shares of the business services provider's stock valued at $270,000 after purchasing an additional 46 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of FactSet Research Systems by 3.9% during the 4th quarter. Van ECK Associates Corp now owns 8,267 shares of the business services provider's stock valued at $3,970,000 after buying an additional 311 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of FactSet Research Systems by 2.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 14,241 shares of the business services provider's stock valued at $6,929,000 after buying an additional 359 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of FactSet Research Systems by 19.9% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 717 shares of the business services provider's stock valued at $345,000 after buying an additional 119 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after buying an additional 22 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FDS. Morgan Stanley lowered their price objective 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. Evercore ISI lowered their price target on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a report on Monday. BMO Capital Markets lowered their price target on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a report on Monday, March 24th. UBS Group decreased their target price on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. 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 research report on Tuesday, June 3rd. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $445.25.

FactSet Research Systems Trading Up 0.2%

Shares of NYSE:FDS traded up $1.04 during trading on Wednesday, reaching $424.74. 389,046 shares of the company were exchanged, compared to its average volume of 295,980. The business's fifty day simple moving average is $440.10 and its 200-day simple moving average is $453.13. The firm has a market capitalization of $16.12 billion, a PE ratio of 30.21, a P/E/G ratio of 2.79 and a beta of 0.86. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.47 and a quick ratio of 1.47.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 32.91% and a net margin of 24.07%. The business had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. During the same period last year, the business posted $4.22 EPS. The business's revenue was up 4.5% compared to the same quarter last year. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's payout ratio is currently 31.29%.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. This represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company's stock.

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.