Park Avenue Securities LLC Has $577,000 Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Park Avenue Securities LLC reduced its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 35.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,269 shares of the business services provider's stock after selling 703 shares during the quarter. Park Avenue Securities LLC's holdings in FactSet Research Systems were worth $577,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FDS. Clean Yield Group grew its holdings in shares of FactSet Research Systems by 18.0% during the first quarter. Clean Yield Group now owns 177 shares of the business services provider's stock worth $80,000 after buying an additional 27 shares in the last quarter. KFG Wealth Management LLC grew its holdings in shares of FactSet Research Systems by 6.1% during the first quarter. KFG Wealth Management LLC now owns 1,195 shares of the business services provider's stock worth $543,000 after buying an additional 69 shares in the last quarter. Impact Capital Partners LLC grew its holdings in shares of FactSet Research Systems by 7.5% during the first quarter. Impact Capital Partners LLC now owns 1,306 shares of the business services provider's stock worth $594,000 after buying an additional 91 shares in the last quarter. Procyon Advisors LLC grew its holdings in shares of FactSet Research Systems by 5.1% during the first quarter. Procyon Advisors LLC now owns 7,146 shares of the business services provider's stock worth $3,249,000 after buying an additional 344 shares in the last quarter. Finally, Vest Financial LLC bought a new position in shares of FactSet Research Systems during the first quarter worth about $52,445,000. 91.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now owns 44 shares of the company's stock, valued at approximately $19,084.12. This trade represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Performance

Shares of FDS traded down $3.86 during mid-day trading on Friday, reaching $420.31. The company's stock had a trading volume of 325,973 shares, compared to its average volume of 294,842. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The stock has a market cap of $15.95 billion, a P/E ratio of 30.13, a PEG ratio of 2.93 and a beta of 0.86. The business has a 50-day simple moving average of $439.71 and a two-hundred day simple moving average of $454.31. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. During the same period last year, the firm posted $4.22 earnings per share. The business's revenue was up 4.5% on a year-over-year basis. As a group, equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a yield of 1.05%. FactSet Research Systems's payout ratio is 31.29%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group decreased their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. BMO Capital Markets decreased their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a report on Monday, March 24th. Morgan Stanley decreased their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research note on Friday, March 21st. Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $450.00 to $402.00 in a research note on Friday, March 21st. 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 Tuesday, June 3rd. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $448.00.

FactSet Research Systems Company 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.