Wendell David Associates Inc. Has $11.72 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Wendell David Associates Inc. trimmed its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 14.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,767 shares of the business services provider's stock after selling 4,210 shares during the quarter. FactSet Research Systems comprises 1.2% of Wendell David Associates Inc.'s portfolio, making the stock its 26th largest position. Wendell David Associates Inc. owned approximately 0.07% of FactSet Research Systems worth $11,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC increased its position in FactSet Research Systems by 40,436.2% in the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock valued at $195,536,000 after acquiring an additional 429,028 shares during the period. Raymond James Financial Inc. acquired a new stake in FactSet Research Systems in the 4th quarter valued at approximately $69,128,000. Point72 Asset Management L.P. acquired a new stake in FactSet Research Systems in the 4th quarter valued at approximately $66,368,000. Vest Financial LLC acquired a new stake in FactSet Research Systems in the 1st quarter valued at approximately $52,445,000. Finally, Geode Capital Management LLC increased its position in FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock valued at $527,411,000 after acquiring an additional 94,668 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on FDS. Evercore ISI lowered their target price on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research report on Monday. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank Of Canada restated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Tuesday, June 3rd. Morgan Stanley decreased their price target 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 price target 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 research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $445.25.

FactSet Research Systems Price Performance

Shares of FDS traded up $1.04 during trading hours on Wednesday, hitting $424.74. 389,046 shares of the company were exchanged, compared to its average volume of 295,980. The company has a market capitalization of $16.12 billion, a PE ratio of 30.21, a PEG ratio of 2.79 and a beta of 0.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a fifty day simple moving average of $440.04 and a 200-day simple moving average of $452.93. FactSet Research Systems Inc. has a one year low of $391.69 and a one year high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released 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. The business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 32.91% and a net margin of 24.07%. The company's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $4.22 EPS. 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, May 30th. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 1.04%. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.29%.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the sale, the chief accounting officer now owns 44 shares of the company's stock, 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 SEC, which is available at this link. Corporate insiders own 1.10% of the company's stock.

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.