Jump Financial LLC Reduces Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Jump Financial LLC decreased its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 96.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 509 shares of the business services provider's stock after selling 14,060 shares during the period. Jump Financial LLC's holdings in FactSet Research Systems were worth $244,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FDS. Raymond James Financial Inc. bought a new stake in FactSet Research Systems in the 4th quarter worth $69,128,000. Geode Capital Management LLC grew its stake in shares of FactSet Research Systems by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after purchasing an additional 94,668 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of FactSet Research Systems by 4,104.5% in the fourth quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider's stock worth $36,712,000 after purchasing an additional 74,620 shares during the last quarter. Invesco Ltd. increased its holdings in FactSet Research Systems by 17.2% during the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock valued at $219,079,000 after purchasing an additional 66,861 shares during the period. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new position in FactSet Research Systems during the 4th quarter valued at approximately $31,975,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Up 1.5 %

Shares of NYSE FDS traded up $6.30 on Friday, reaching $436.19. 28,204 shares of the company's stock traded hands, compared to its average volume of 283,250. The business's 50 day simple moving average is $434.46 and its two-hundred day simple moving average is $459.58. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.22 EPS. As a group, equities research 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 declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be issued a dividend of $1.10 per share. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.01%. FactSet Research Systems's dividend payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. BMO Capital Markets reduced their target price 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. Royal Bank of Canada restated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Morgan Stanley decreased their price target on shares of 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 lowered their price objective on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $436.90.

Insider Activity at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares of the company's stock, valued at $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by 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.