Voloridge Investment Management LLC Sells 41,122 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Voloridge Investment Management LLC decreased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,135 shares of the business services provider's stock after selling 41,122 shares during the quarter. Voloridge Investment Management LLC owned about 0.38% of FactSet Research Systems worth $69,225,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FDS. JPMorgan Chase & Co. boosted its stake in FactSet Research Systems by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock worth $226,867,000 after acquiring an additional 52,741 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of FactSet Research Systems by 226.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 6,496 shares of the business services provider's stock worth $3,120,000 after purchasing an additional 4,507 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of FactSet Research Systems by 24.1% in the fourth quarter. Park Avenue Securities LLC now owns 1,972 shares of the business services provider's stock worth $947,000 after purchasing an additional 383 shares in the last quarter. HB Wealth Management LLC acquired a new position in FactSet Research Systems during the fourth quarter worth $252,000. Finally, Koshinski Asset Management Inc. increased its holdings in FactSet Research Systems by 14.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 891 shares of the business services provider's stock worth $428,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Wall Street Analysts Forecast Growth

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

FactSet Research Systems Price Performance

FDS traded down $0.34 on Friday, hitting $463.65. 171,323 shares of the stock were exchanged, compared to its average volume of 292,202. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The business has a 50-day moving average of $437.97 and a two-hundred day moving average of $458.60. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $17.59 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.93 and a beta of 0.88.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. During the same quarter in the prior year, the business posted $4.22 earnings per share. FactSet Research Systems's revenue was up 4.5% compared to the same quarter last year. Sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be given a dividend of $1.10 per share. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date is Friday, May 30th. This represents a $4.40 annualized dividend and a yield of 0.95%. FactSet Research Systems's dividend payout ratio is currently 31.29%.

Insider Buying and Selling

In other news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares of the company's stock, valued at approximately $19,084.12. This represents a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

FactSet Research Systems 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.