Nisa Investment Advisors LLC trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 9.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,082 shares of the business services provider's stock after selling 1,121 shares during the period. Nisa Investment Advisors LLC's holdings in FactSet Research Systems were worth $5,038,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after buying an additional 94,668 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in FactSet Research Systems by 3.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider's stock worth $240,184,000 after buying an additional 16,522 shares in the last quarter. JPMorgan Chase & Co. grew its stake in FactSet Research Systems by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider's stock worth $240,653,000 after buying an additional 7,718 shares in the last quarter. Invesco Ltd. grew its stake in FactSet Research Systems by 17.2% during the fourth quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock worth $219,079,000 after buying an additional 66,861 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in FactSet Research Systems by 40,436.2% during the first quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock worth $195,536,000 after buying an additional 429,028 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently weighed in on FDS. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. BMO Capital Markets raised their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a research note on Friday, June 20th. 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. Evercore ISI reduced their price target on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research note on Monday, June 16th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, June 20th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $444.25.
View Our Latest Stock Analysis on FactSet Research Systems
FactSet Research Systems Trading Down 0.9%
NYSE:FDS traded down $3.83 during mid-day trading on Friday, hitting $446.16. 232,216 shares of the company's stock were exchanged, compared to its average volume of 294,496. The company has a 50 day simple moving average of $445.23 and a 200-day simple moving average of $447.28. 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 Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The firm has a market capitalization of $16.87 billion, a P/E ratio of 32.24, a PEG ratio of 2.91 and a beta of 0.84.
FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing the consensus estimate 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 business earned $4.37 earnings per share. The firm's quarterly revenue was up 5.9% on a year-over-year basis. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.
FactSet Research Systems Increases Dividend
The company also recently declared 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 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 annualized dividend and a yield of 0.99%. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.79%.
Insider Activity at FactSet Research Systems
In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer owned 44 shares in the company, valued at approximately $19,474.40. This trade represents a 98.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 $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 currently owned by company insiders.
FactSet Research Systems Profile
(
Free Report)
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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