National Bank of Canada FI Sells 2,855 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• The National Bank of Canada FI has reduced its stake in FactSet Research Systems by 9.1%, now owning 28,364 shares worth approximately $12.89 million.
• Vanguard Group Inc. increased its stake by 3.0%, holding over 4.79 million shares, while other investors like GAMMA Investing LLC saw significant increases in their holdings.
• FactSet reported a quarterly EPS of $4.27, which missed analyst expectations, despite a 5.9% revenue increase year-over-year, and it has declared a quarterly dividend of $1.10 per share.

National Bank of Canada FI decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,364 shares of the business services provider's stock after selling 2,855 shares during the period. National Bank of Canada FI owned approximately 0.07% of FactSet Research Systems worth $12,892,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FDS. Cary Street Partners Financial LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter worth approximately $29,000. American National Bank & Trust acquired a new position in shares of FactSet Research Systems in the 1st quarter worth approximately $44,000. Bank of Jackson Hole Trust boosted its holdings in shares of FactSet Research Systems by 187.9% in the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock worth $44,000 after buying an additional 62 shares during the period. Golden State Wealth Management LLC boosted 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 worth $45,000 after buying an additional 88 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted 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 worth $54,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Stock Performance

FDS traded down $4.91 during trading on Friday, reaching $370.05. 491,794 shares of the company's stock were exchanged, compared to its average volume of 390,636. FactSet Research Systems Inc. has a fifty-two week low of $367.36 and a fifty-two week high of $499.87. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average price of $420.68 and a 200 day moving average price of $436.91. The company has a market capitalization of $13.99 billion, a P/E ratio of 26.74, a PEG ratio of 2.45 and a beta of 0.83.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share 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 business had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. During the same quarter in the prior year, the firm earned $4.37 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. FactSet Research Systems's payout ratio is currently 31.79%.

Insider Activity

In other news, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $451.39, for a total value of $1,320,315.75. Following the sale, the director owned 4,461 shares in the company, valued at approximately $2,013,650.79. The trade was a 39.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the transaction, the chief accounting officer directly owned 44 shares of the company's stock, valued at $19,474.40. This represents a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,031 shares of company stock worth $5,825,481. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FDS shares. BMO Capital Markets raised their target price 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. Royal Bank Of Canada reiterated 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 upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, Wells Fargo & Company raised their price target on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat, 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.