Nisa Investment Advisors LLC Sells 1,121 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Nisa Investment Advisors LLC lessened its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 9.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,082 shares of the business services provider's stock after selling 1,121 shares during the quarter. Nisa Investment Advisors LLC's holdings in FactSet Research Systems were worth $5,038,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. grew its stake in shares of FactSet Research Systems by 4.9% in the 1st 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 during the last quarter. QRG Capital Management Inc. raised its holdings in FactSet Research Systems by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock worth $609,000 after purchasing an additional 60 shares during the last quarter. Bessemer Group Inc. grew its position in shares of FactSet Research Systems by 284.3% in the 1st quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock valued at $535,000 after purchasing an additional 870 shares during the period. Golden State Wealth Management LLC raised its stake 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. Finally, Teacher Retirement System of Texas acquired a new position in FactSet Research Systems in the 1st quarter valued at $2,528,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FDS. Wells Fargo & Company raised their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Evercore ISI dropped their target price on 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. Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, June 20th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Finally, UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $444.25.

Insider Activity at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 7,606 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total value of $3,398,665.04. Following the transaction, the executive vice president directly owned 23,952 shares in the company, valued at approximately $10,702,711.68. This trade represents a 24.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 transaction of $1,106,500.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded down $5.68 during mid-day trading on Tuesday, reaching $434.33. The company had a trading volume of 347,540 shares, compared to its average volume of 295,520. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $16.42 billion, a P/E ratio of 31.38, a P/E/G ratio of 2.91 and a beta of 0.84. The stock's 50-day simple moving average is $445.23 and its 200-day simple moving average is $447.28.

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). The company had revenue of $585.52 million for the quarter, compared to analysts' expectations 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 period in the prior year, the business earned $4.37 EPS. On average, equities analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th were paid a $1.10 dividend. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, May 30th. FactSet Research Systems's dividend payout ratio is currently 31.79%.

FactSet Research Systems Profile

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.