TruNorth Capital Management LLC Makes New $409,000 Investment in FactSet Research Systems Inc. (NYSE:FDS)

TruNorth Capital Management LLC acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 900 shares of the business services provider's stock, valued at approximately $409,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC bought a new position in shares of FactSet Research Systems in the fourth quarter worth $29,000. American National Bank & Trust bought a new position in shares of FactSet Research Systems in the first quarter worth $44,000. Golden State Wealth Management LLC grew its stake in shares of 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 worth $45,000 after purchasing an additional 88 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 worth $54,000 after purchasing an additional 28 shares in the last quarter. Finally, CX Institutional bought a new position in shares of FactSet Research Systems in the first quarter worth $60,000. 91.24% of the stock is currently owned by institutional investors.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the completion of the sale, the chief accounting officer directly owned 44 shares in the company, valued at approximately $19,474.40. This trade represents a 98.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total value of $3,398,665.04. Following the sale, the executive vice president owned 23,952 shares of the company's stock, valued at $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. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

FDS has been the subject of several research analyst reports. BMO Capital Markets upped their price objective on FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Evercore ISI cut their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a report on Monday, June 16th. Morgan Stanley upped their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Finally, Wells Fargo & Company upped their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. 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 MarketBeat.com, FactSet Research Systems presently has a consensus rating of "Hold" and an average target price of $444.25.

FactSet Research Systems Trading Down 0.9%

Shares of NYSE FDS traded down $3.83 during mid-day trading on Friday, hitting $446.16. 232,216 shares of the company traded hands, compared to its average volume of 294,496. 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 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. 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 business has a 50 day moving average of $445.23 and a two-hundred day moving average of $447.59.

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 net margin of 23.30% and a return on equity of 31.59%. The company had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. During the same period in the prior year, the company earned $4.37 earnings per share. The company's revenue for the quarter was up 5.9% on a year-over-year basis. On average, sell-side 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were paid a $1.10 dividend. 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 0.99%. The ex-dividend date was Friday, May 30th. FactSet Research Systems's dividend payout ratio is currently 31.79%.

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.