M&T Bank Corp Sells 1,738 Shares of FactSet Research Systems Inc. (NYSE:FDS)

M&T Bank Corp lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 14.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,160 shares of the business services provider's stock after selling 1,738 shares during the quarter. M&T Bank Corp's holdings in FactSet Research Systems were worth $4,619,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FDS. Cary Street Partners Financial LLC purchased a new stake in shares of FactSet Research Systems during the 4th quarter worth about $29,000. American National Bank & Trust acquired a new stake in FactSet Research Systems in the 1st quarter valued at approximately $44,000. Golden State Wealth Management LLC grew its holdings in shares of 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 worth $45,000 after purchasing an additional 88 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of FactSet Research Systems by 31.1% during 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. Finally, CX Institutional bought a new position in shares of FactSet Research Systems during the 1st quarter worth approximately $60,000. Institutional investors own 91.24% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. BMO Capital Markets lifted their price objective on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research note on Friday, June 20th. Wells Fargo & Company raised their target price on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Evercore ISI cut their price target on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research note on Monday, June 16th. Finally, 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. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $444.25.

FactSet Research Systems Trading Down 1.2%

Shares of FDS stock traded down $5.48 during trading hours on Monday, reaching $440.73. 498,507 shares of the stock were exchanged, compared to its average volume of 295,312. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-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. The company's 50-day moving average price is $445.23 and its 200-day moving average price is $447.28. The firm has a market capitalization of $16.66 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 2.91 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The company had revenue of $585.52 million during the quarter, compared to analysts' expectations of $580.70 million. During the same period last year, the firm earned $4.37 earnings per share. FactSet Research Systems's quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The business also recently declared 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 positive change from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date was Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a yield of 1.00%. FactSet Research Systems's dividend payout ratio is presently 31.79%.

Insider Buying and Selling at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the completion of the sale, the chief accounting officer owned 44 shares in the company, valued at $19,474.40. This represents a 98.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of the 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 transaction, the executive vice president owned 23,952 shares of the company's stock, valued at $10,702,711.68. This represents a 24.10% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

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.