TruNorth Capital Management LLC Makes New Investment in FactSet Research Systems Inc. (NYSE:FDS)

TruNorth Capital Management LLC bought a new position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 900 shares of the business services provider's stock, valued at approximately $409,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cary Street Partners Financial LLC bought a new position in shares of FactSet Research Systems in the fourth quarter worth approximately $29,000. American National Bank & Trust bought a new stake in FactSet Research Systems in the first quarter valued at $44,000. Golden State Wealth Management LLC boosted its holdings in FactSet Research Systems by 800.0% in the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after acquiring an additional 88 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in FactSet Research Systems by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock valued at $54,000 after acquiring an additional 28 shares in the last quarter. Finally, CX Institutional bought a new stake in FactSet Research Systems in the first quarter valued at $60,000. Institutional investors own 91.24% of the company's stock.

Insider Transactions at FactSet Research Systems

In other news, Director James J. Mcgonigle sold 2,925 shares of FactSet Research Systems stock in a transaction dated 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 completion of the transaction, the director owned 4,461 shares of the company's stock, valued at $2,013,650.79. The trade was a 39.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction dated 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 transaction, the chief accounting officer directly owned 44 shares of the company's stock, valued at approximately $19,474.40. This represents a 98.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,031 shares of company stock valued at $5,825,481 in the last quarter. 1.10% of the stock is owned by insiders.

FactSet Research Systems Stock Up 0.6%

Shares of FDS stock traded up $2.65 during mid-day trading on Wednesday, reaching $436.80. 252,116 shares of the company's stock traded hands, compared to its average volume of 296,025. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The company has a market cap of $16.52 billion, a P/E ratio of 31.56, a P/E/G ratio of 2.84 and a beta of 0.84. 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's 50-day moving average price is $445.39 and its 200-day moving average price is $446.80.

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 analysts' consensus estimates of $4.30 by ($0.03). The business had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.37 EPS. On average, equities analysts expect 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. Stockholders of record on Friday, May 30th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, May 30th. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's payout ratio is currently 31.79%.

Analyst Ratings Changes

FDS has been the topic of several recent analyst reports. Morgan Stanley lifted 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. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Evercore ISI cut 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 report on Monday, June 16th. BMO Capital Markets lifted their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $444.25.

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.