Yousif Capital Management LLC Increases Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Yousif Capital Management LLC lifted its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 267.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,017 shares of the business services provider's stock after acquiring an additional 12,391 shares during the period. Yousif Capital Management LLC's holdings in FactSet Research Systems were worth $7,737,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clean Yield Group boosted its holdings in shares of FactSet Research Systems by 18.0% during the 1st quarter. Clean Yield Group now owns 177 shares of the business services provider's stock valued at $80,000 after purchasing an additional 27 shares during the last quarter. KFG Wealth Management LLC grew its holdings in shares of FactSet Research Systems by 6.1% during the 1st quarter. KFG Wealth Management LLC now owns 1,195 shares of the business services provider's stock worth $543,000 after purchasing an additional 69 shares during the period. Impact Capital Partners LLC grew its position in shares of FactSet Research Systems by 7.5% during the first quarter. Impact Capital Partners LLC now owns 1,306 shares of the business services provider's stock worth $594,000 after buying an additional 91 shares in the last quarter. Procyon Advisors LLC increased its position in FactSet Research Systems by 5.1% during the first quarter. Procyon Advisors LLC now owns 7,146 shares of the business services provider's stock worth $3,249,000 after buying an additional 344 shares during the period. Finally, Vest Financial LLC acquired a new stake in shares of FactSet Research Systems in the 1st quarter valued at approximately $52,445,000. 91.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares in the company, 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. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BMO Capital Markets reduced their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research note on Monday, March 24th. Morgan Stanley dropped their target price 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. Royal Bank of Canada restated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Tuesday, June 3rd. Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Finally, UBS Group dropped their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems has an average rating of "Hold" and a consensus price target of $448.00.

FactSet Research Systems Trading Up 0.1%

Shares of FDS stock traded up $0.40 during trading hours on Thursday, reaching $423.78. The company had a trading volume of 55,335 shares, compared to its average volume of 291,984. The firm has a market cap of $16.08 billion, a price-to-earnings ratio of 30.38, a P/E/G ratio of 2.93 and a beta of 0.86. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The company has a 50 day moving average of $438.90 and a 200 day moving average of $455.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. During the same quarter last year, the business posted $4.22 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS 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. Shareholders of record on Friday, May 30th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, May 30th. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a yield of 1.04%. FactSet Research Systems's dividend payout ratio (DPR) is 31.29%.

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.