Vident Advisory LLC Has $613,000 Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Vident Advisory LLC lifted its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 174.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,276 shares of the business services provider's stock after buying an additional 811 shares during the period. Vident Advisory LLC's holdings in FactSet Research Systems were worth $613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FDS. Cary Street Partners Financial LLC acquired a new stake in shares of FactSet Research Systems in the fourth quarter worth $29,000. Allworth Financial LP boosted its position in FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after purchasing an additional 22 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in FactSet Research Systems by 19.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider's stock valued at $99,000 after purchasing an additional 33 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in FactSet Research Systems during the fourth quarter valued at $102,000. Finally, Private Trust Co. NA boosted its position in FactSet Research Systems by 8.2% during the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Down 0.9%

NYSE FDS traded down $4.04 during trading on Friday, hitting $460.43. 36,290 shares of the company traded hands, compared to its average volume of 290,607. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The business has a fifty day simple moving average of $440.31 and a 200 day simple moving average of $458.33. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $17.47 billion, a P/E ratio of 33.01, a PEG ratio of 2.93 and a beta of 0.88.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.11. The company had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $4.22 earnings per share. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 0.96%. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date is Friday, May 30th. FactSet Research Systems's payout ratio is currently 31.29%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley reduced their price objective on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research report on Friday, March 21st. BMO Capital Markets reduced their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research report on Monday, March 24th. Finally, UBS Group reduced their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $436.90.

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.