Victory Capital Management Inc. Sells 4,992 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Victory Capital Management Inc. lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 18.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,957 shares of the business services provider's stock after selling 4,992 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of FactSet Research Systems worth $9,983,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FDS. Cary Street Partners Financial LLC acquired a new stake in shares of FactSet Research Systems in the fourth quarter valued at $29,000. American National Bank & Trust acquired a new stake in FactSet Research Systems in the 1st quarter valued at approximately $44,000. Golden State Wealth Management LLC increased its position in shares of 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 worth $45,000 after purchasing an additional 88 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 worth $54,000 after purchasing an additional 28 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of FactSet Research Systems during the 1st quarter worth approximately $60,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Trading Down 0.5%

Shares of FDS traded down $2.10 on Friday, hitting $419.36. 348,127 shares of the stock traded hands, compared to its average volume of 285,974. The stock's 50 day moving average is $440.41 and its two-hundred day moving average is $444.35. FactSet Research Systems Inc. has a 1 year low of $391.69 and a 1 year high of $499.87. 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 firm has a market capitalization of $15.86 billion, a P/E ratio of 30.30, a P/E/G ratio of 2.75 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.37 earnings per share. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date was Friday, May 30th. FactSet Research Systems's payout ratio is 31.79%.

Insiders Place Their Bets

In other news, Director James J. Mcgonigle sold 2,925 shares of FactSet Research Systems stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $451.39, for a total value of $1,320,315.75. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the transaction, the executive vice president directly owned 23,952 shares in the company, 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. In the last three months, insiders have sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FDS. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. BMO Capital Markets raised their target price on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. Wells Fargo & Company boosted their price objective on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Morgan Stanley increased their price objective 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. Finally, Evercore ISI decreased their price objective on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research report on Monday, June 16th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock 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.