M&T Bank Corp Has $4.62 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

M&T Bank Corp decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 14.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. raised its position in FactSet Research Systems by 4.9% in the first quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider's stock worth $368,000 after purchasing an additional 38 shares in the last quarter. Fullcircle Wealth LLC grew its stake in shares of FactSet Research Systems by 17.4% in the 1st quarter. Fullcircle Wealth LLC now owns 512 shares of the business services provider's stock valued at $217,000 after purchasing an additional 76 shares during the period. Pacific Point Advisors LLC raised its holdings in shares of FactSet Research Systems by 10.7% in the 1st quarter. Pacific Point Advisors LLC now owns 3,042 shares of the business services provider's stock worth $1,383,000 after buying an additional 295 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of FactSet Research Systems by 5.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,306 shares of the business services provider's stock worth $2,412,000 after buying an additional 279 shares in the last quarter. Finally, World Investment Advisors lifted its position in shares of FactSet Research Systems by 41.4% during the 1st quarter. World Investment Advisors now owns 761 shares of the business services provider's stock worth $346,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Trading Up 0.6%

Shares of NYSE FDS opened at $450.69 on Friday. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The company has a 50-day moving average of $445.00 and a two-hundred day moving average of $448.20. The company has a market cap of $17.04 billion, a PE ratio of 32.56, a P/E/G ratio of 2.92 and a beta of 0.84. 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 posted 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). The company had revenue of $585.52 million during the quarter, compared to the consensus estimate of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.37 EPS. As a group, equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were 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 yield of 0.98%. The ex-dividend date of this dividend was Friday, May 30th. FactSet Research Systems's payout ratio is currently 31.79%.

Insider Activity

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction on 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 sale, the executive vice president owned 23,952 shares of the company's stock, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the company's 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 sale, the chief accounting officer owned 44 shares of the company's stock, valued at $19,474.40. The trade was a 98.27% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on FDS. Morgan Stanley increased their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. 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. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Evercore ISI dropped their price objective on shares of 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. Finally, Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $444.25.

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.

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