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

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cary Street Partners Financial LLC bought a new stake in FactSet Research Systems during the fourth quarter valued at about $29,000. American National Bank & Trust acquired a new position in shares of FactSet Research Systems during the 1st quarter worth about $44,000. Golden State Wealth Management LLC boosted its stake in 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 valued at $45,000 after purchasing an additional 88 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in FactSet Research Systems by 31.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after purchasing an additional 28 shares during the period. Finally, CX Institutional acquired a new stake in FactSet Research Systems in the 1st quarter valued at approximately $60,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the 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 sale, the chief accounting officer directly owned 44 shares of the company's stock, valued at $19,474.40. This represents a 98.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the sale, the director owned 4,461 shares of the company's stock, valued at approximately $2,013,650.79. The trade was a 39.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock valued at $5,825,481 over the last ninety days. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a research report on Friday, June 20th. Morgan Stanley increased their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report 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 stock a "market perform" rating in a research report on Friday, June 20th. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 target price 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 given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems Price Performance

NYSE:FDS traded up $2.65 on Wednesday, reaching $436.80. The stock had a trading volume of 252,116 shares, compared to its average volume of 320,543. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $16.52 billion, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 2.87 and a beta of 0.84. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The stock has a fifty day moving average price of $445.45 and a 200-day moving average price of $446.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $580.70 million. During the same period in the previous year, the firm earned $4.37 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. Research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th were paid a $1.10 dividend. The ex-dividend date was Friday, May 30th. 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%. FactSet Research Systems's dividend payout ratio (DPR) is 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.