FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,238,522 shares of the business services provider's stock after selling 20,317 shares during the quarter. FactSet Research Systems makes up about 1.4% of Kayne Anderson Rudnick Investment Management LLC's portfolio, making the stock its 18th biggest holding. Kayne Anderson Rudnick Investment Management LLC owned approximately 3.26% of FactSet Research Systems worth $594,838,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. SkyView Investment Advisors LLC raised its holdings in shares of FactSet Research Systems by 2.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,774 shares of the business services provider's stock worth $816,000 after acquiring an additional 50 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of FactSet Research Systems during the 3rd quarter valued at approximately $403,000. Tidal Investments LLC grew its position in FactSet Research Systems by 9.0% in the third quarter. Tidal Investments LLC now owns 2,535 shares of the business services provider's stock worth $1,166,000 after acquiring an additional 209 shares during the period. Synovus Financial Corp grew its position in FactSet Research Systems by 92.8% in the third quarter. Synovus Financial Corp now owns 1,336 shares of the business services provider's stock worth $614,000 after acquiring an additional 643 shares during the period. Finally, Franklin Resources Inc. increased its stake in FactSet Research Systems by 5.7% during the third quarter. Franklin Resources Inc. now owns 12,314 shares of the business services provider's stock worth $5,687,000 after acquiring an additional 669 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Buying and Selling

In other news, CAO Gregory T. Moskoff sold 363 shares of the firm's stock in a transaction 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 completion of the sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This trade represents a 89.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. BMO Capital Markets decreased their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th. UBS Group lowered their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. Finally, Morgan Stanley cut their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, FactSet Research Systems currently has a consensus rating of "Hold" and an average price target of $436.90.

FactSet Research Systems Stock Performance

Shares of FDS traded down $1.73 during midday trading on Friday, reaching $426.43. 64,244 shares of the stock were exchanged, compared to its average volume of 283,282. The company has a market capitalization of $16.18 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 2.93 and a beta of 0.82. 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 Inc. has a twelve month low of $391.69 and a twelve month high of $499.87. The business's 50-day moving average price is $438.01 and its 200 day moving average price is $460.59.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to analysts' expectations of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.22 EPS. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's payout ratio is currently 29.59%.

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.