Wealthfront Advisers LLC Buys 696 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Wealthfront Advisers LLC boosted its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 35.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,680 shares of the business services provider's stock after purchasing an additional 696 shares during the period. Wealthfront Advisers LLC's holdings in FactSet Research Systems were worth $1,218,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. increased its position in FactSet Research Systems by 2.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock worth $583,000 after buying an additional 24 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in FactSet Research Systems by 7.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,493 shares of the business services provider's stock worth $1,677,000 after purchasing an additional 230 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in FactSet Research Systems in the 4th quarter valued at $174,000. Whittier Trust Co. of Nevada Inc. grew its position in FactSet Research Systems by 5.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 10,381 shares of the business services provider's stock worth $4,986,000 after purchasing an additional 497 shares in the last quarter. Finally, Sciencast Management LP acquired a new position in FactSet Research Systems during the 4th quarter worth $2,627,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Christopher R. Ellis sold 7,606 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the sale, the executive vice president owned 23,952 shares of the company's stock, valued at $10,702,711.68. This trade represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the completion of the sale, the director directly owned 4,461 shares of the company's stock, valued at $2,013,650.79. This represents a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,031 shares of company stock valued at $5,825,481. Company insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS traded down $9.38 during trading on Monday, reaching $422.95. The company had a trading volume of 274,833 shares, compared to its average volume of 296,357. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 2.82 and a beta of 0.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. FactSet Research Systems Inc. has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The stock's fifty day moving average price is $444.72 and its 200 day moving average price is $445.71.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The business had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. During the same quarter in the previous year, the company earned $4.37 earnings per share. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm 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 yield of 1.04%. This is a boost 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%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Evercore ISI cut their price target on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research note on Monday, June 16th. Morgan Stanley raised their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Finally, BMO Capital Markets boosted their price target on FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a research note on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average 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.