LA Financiere DE L Echiquier Lowers Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

LA Financiere DE L Echiquier cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 27.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,039 shares of the business services provider's stock after selling 7,060 shares during the period. LA Financiere DE L Echiquier's holdings in FactSet Research Systems were worth $9,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. First Capital Advisors Group LLC. acquired a new position in shares of FactSet Research Systems during the second quarter worth about $30,000. Clear Street Markets LLC raised its stake in FactSet Research Systems by 94.9% in the 1st quarter. Clear Street Markets LLC now owns 76 shares of the business services provider's stock valued at $32,000 after acquiring an additional 37 shares during the period. Tyler Stone Wealth Management acquired a new stake in shares of FactSet Research Systems during the 2nd quarter worth about $32,000. Eagle Bay Advisors LLC acquired a new stake in FactSet Research Systems during the second quarter worth approximately $32,000. Finally, IFP Advisors Inc boosted its stake in FactSet Research Systems by 71.4% in the 3rd quarter. IFP Advisors Inc now owns 84 shares of the business services provider's stock valued at $37,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Trading Up 1.6 %

FDS stock traded up $7.05 during trading on Monday, hitting $440.22. The company had a trading volume of 367,553 shares, compared to its average volume of 238,317. The stock has a market cap of $16.78 billion, a PE ratio of 34.86, a PEG ratio of 2.67 and a beta of 0.72. The business has a 50-day moving average of $463.41 and a 200-day moving average of $456.49. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. FactSet Research Systems Inc. has a one year low of $380.96 and a one year high of $488.64.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating analysts' consensus estimates of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The company had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. Research analysts predict that FactSet Research Systems Inc. will post 15.81 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems's payout ratio is 31.04%.

Insider Buying and Selling

In other news, CEO Frederick Philip Snow sold 3,000 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,838,871.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on FactSet Research Systems from $377.00 to $419.00 and gave the stock a "sell" rating in a report on Friday, March 22nd. BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a "market perform" rating in a research report on Monday, March 25th. Barclays reiterated an "equal weight" rating and set a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Stifel Nicolaus restated a "hold" rating and set a $469.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $444.11.

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.