Oppenheimer Asset Management Inc. Sells 3,568 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Oppenheimer Asset Management Inc. trimmed its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 69.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,599 shares of the business services provider's stock after selling 3,568 shares during the period. Oppenheimer Asset Management Inc.'s holdings in FactSet Research Systems were worth $727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in shares of FactSet Research Systems by 4.7% in the first quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock valued at $609,000 after buying an additional 60 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in FactSet Research Systems during the 4th quarter worth about $5,882,000. Wealth Enhancement Advisory Services LLC increased its position in FactSet Research Systems by 35.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,927 shares of the business services provider's stock valued at $2,695,000 after acquiring an additional 1,557 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of FactSet Research Systems by 160.2% in the first quarter. SG Americas Securities LLC now owns 2,766 shares of the business services provider's stock worth $1,258,000 after acquiring an additional 1,703 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of FactSet Research Systems by 44.4% in the fourth quarter. American Century Companies Inc. now owns 15,493 shares of the business services provider's stock worth $7,441,000 after acquiring an additional 4,763 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on FDS shares. Evercore ISI decreased 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. Morgan Stanley increased their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research report on Friday, June 20th. BMO Capital Markets boosted their target price on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research 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. Finally, Wells Fargo & Company lifted 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. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems Trading Down 0.8%

Shares of FDS stock traded down $3.57 on Wednesday, reaching $446.74. The company had a trading volume of 104,524 shares, compared to its average volume of 292,413. The stock has a market cap of $16.95 billion, a PE ratio of 32.26, a PEG ratio of 2.92 and a beta of 0.84. The company has a 50-day moving average of $442.15 and a 200-day moving average of $449.77. 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 12 month low of $391.69 and a 12 month high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The firm had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.37 EPS. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 0.98%. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date was Friday, May 30th. FactSet Research Systems's payout ratio is presently 31.29%.

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.