FactSet Research Systems Inc. (NYSE:FDS) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,283 shares of the business services provider's stock after purchasing an additional 721 shares during the quarter. Whittier Trust Co. owned approximately 0.05% of FactSet Research Systems worth $9,221,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FDS. Sage Private Wealth Group LLC raised its stake in shares of FactSet Research Systems by 3.0% during the 1st quarter. Sage Private Wealth Group LLC now owns 1,162 shares of the business services provider's stock worth $528,000 after buying an additional 34 shares in the last quarter. Dakota Wealth Management lifted its stake in shares of FactSet Research Systems by 1.8% during the first quarter. Dakota Wealth Management now owns 2,544 shares of the business services provider's stock worth $1,157,000 after purchasing an additional 46 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in shares of FactSet Research Systems by 10.8% during the first quarter. Apollon Wealth Management LLC now owns 1,084 shares of the business services provider's stock worth $493,000 after purchasing an additional 106 shares in the last quarter. Signaturefd LLC lifted its stake in shares of FactSet Research Systems by 14.1% in the first quarter. Signaturefd LLC now owns 340 shares of the business services provider's stock worth $155,000 after acquiring an additional 42 shares in the last quarter. Finally, Marks Group Wealth Management Inc increased its holdings in FactSet Research Systems by 4.1% in the first quarter. Marks Group Wealth Management Inc now owns 32,850 shares of the business services provider's stock valued at $14,935,000 after buying an additional 1,285 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FDS shares. Morgan Stanley boosted their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Wells Fargo & Company raised their price target on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a research report on Friday, June 20th. Evercore ISI cut their price target on shares of 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. Finally, BMO Capital Markets raised their price objective on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $444.25.

Insider Buying and Selling at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 7,606 shares of the 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 completion of the sale, the executive vice president owned 23,952 shares of the company's stock, valued at $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the completion of the transaction, the chief accounting officer directly owned 44 shares of the company's stock, valued at approximately $19,474.40. This represents a 98.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,031 shares of company stock worth $5,825,481. Insiders own 1.10% of the company's stock.

FactSet Research Systems Price Performance

NYSE FDS traded down $1.29 on Friday, hitting $435.28. The stock had a trading volume of 50,722 shares, compared to its average volume of 294,603. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $16.46 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 2.85 and a beta of 0.84. The firm has a 50-day moving average of $445.15 and a 200-day moving average of $446.49.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The company had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. During the same quarter in the prior year, the firm earned $4.37 EPS. FactSet Research Systems's quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts expect that FactSet Research Systems Inc. will post 17.21 EPS 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 issued a $1.10 dividend. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, May 30th. FactSet Research Systems's payout ratio is currently 31.79%.

About FactSet Research Systems

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.