Two Sigma Investments LP Sells 12,460 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Two Sigma Investments LP reduced its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 63.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,044 shares of the business services provider's stock after selling 12,460 shares during the quarter. Two Sigma Investments LP's holdings in FactSet Research Systems were worth $3,383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FDS. JPMorgan Chase & Co. increased its position in FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock valued at $226,867,000 after acquiring an additional 52,741 shares during the period. Blue Trust Inc. increased its position in FactSet Research Systems by 61.8% in the 4th quarter. Blue Trust Inc. now owns 369 shares of the business services provider's stock valued at $170,000 after acquiring an additional 141 shares during the period. Pacer Advisors Inc. increased its position in FactSet Research Systems by 6.4% in the 4th quarter. Pacer Advisors Inc. now owns 3,031 shares of the business services provider's stock valued at $1,456,000 after acquiring an additional 181 shares during the period. Mediolanum International Funds Ltd increased its position in shares of FactSet Research Systems by 35.4% during the fourth quarter. Mediolanum International Funds Ltd now owns 23,718 shares of the business services provider's stock worth $11,420,000 after buying an additional 6,207 shares during the period. Finally, Caprock Group LLC raised its stake in FactSet Research Systems by 13.3% during the fourth quarter. Caprock Group LLC now owns 632 shares of the business services provider's stock worth $304,000 after buying an additional 74 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FDS has been the subject of a number of analyst reports. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Tuesday. BMO Capital Markets decreased their target price on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research note on Monday, March 24th. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Morgan Stanley decreased their target price 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. Finally, UBS Group decreased their target price on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $440.22.

Insider Activity

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

FactSet Research Systems Stock Down 4.6%

NYSE:FDS traded down $20.89 during trading hours on Tuesday, reaching $435.67. The company had a trading volume of 818,636 shares, compared to its average volume of 292,289. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 2.93 and a beta of 0.88. The business's 50-day simple moving average is $440.70 and its two-hundred day simple moving average is $457.31. FactSet Research Systems Inc. has a twelve month low of $391.69 and a twelve month high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued 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. The firm had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business's revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $4.22 earnings per share. On average, equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be issued a dividend of $1.10 per share. This is a boost 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%. The ex-dividend date of this dividend is Friday, May 30th. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.29%.

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.