Stratos Wealth Partners LTD. Sells 679 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Stratos Wealth Partners LTD. lowered its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 26.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,917 shares of the business services provider's stock after selling 679 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in FactSet Research Systems were worth $872,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in FDS. QRG Capital Management Inc. lifted its holdings 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 worth $609,000 after buying an additional 60 shares in the last quarter. Bessemer Group Inc. lifted its stake in 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 worth $535,000 after purchasing an additional 870 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in FactSet Research Systems by 800.0% in the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after purchasing an additional 88 shares during the period. Teacher Retirement System of Texas bought a new position in FactSet Research Systems in the 1st quarter valued at $2,528,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of FactSet Research Systems during the 4th quarter valued at $5,882,000. Institutional investors own 91.24% of the company's stock.

Analyst Upgrades and Downgrades

FDS has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective 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 reiterated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Morgan Stanley boosted their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. Finally, Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to data from MarketBeat, FactSet Research Systems has an average rating of "Hold" and an average price target of $444.25.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $446.16 on Friday. 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 business has a 50 day moving average of $445.23 and a 200 day moving average of $447.59. The company has a market capitalization of $16.87 billion, a price-to-earnings 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 announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $580.70 million. During the same quarter in the previous year, the firm posted $4.37 earnings per share. The company's revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 0.99%. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Friday, May 30th. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.79%.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the sale, the chief accounting officer owned 44 shares in the company, valued at approximately $19,474.40. The trade was a 98.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the transaction, the executive vice president directly owned 23,952 shares in the company, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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.

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