Victory Capital Management Inc. cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 35.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,781 shares of the business services provider's stock after selling 25,390 shares during the quarter. Victory Capital Management Inc. owned 0.12% of FactSet Research Systems worth $22,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Criterion Capital Advisors LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $30,000. Larson Financial Group LLC grew its holdings in FactSet Research Systems by 820.0% in the 3rd quarter. Larson Financial Group LLC now owns 92 shares of the business services provider's stock worth $40,000 after acquiring an additional 82 shares during the last quarter. Desjardins Global Asset Management Inc. grew its holdings in FactSet Research Systems by 69.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider's stock worth $40,000 after acquiring an additional 34 shares during the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of FactSet Research Systems in the third quarter valued at about $46,000. Finally, CVA Family Office LLC bought a new position in shares of FactSet Research Systems during the fourth quarter valued at about $49,000. 91.24% of the stock is currently owned by institutional investors.
FactSet Research Systems Stock Performance
Shares of NYSE FDS traded up $2.08 during mid-day trading on Thursday, hitting $435.98. The stock had a trading volume of 219,859 shares, compared to its average volume of 238,639. The firm has a market cap of $16.62 billion, a PE ratio of 34.52, a PEG ratio of 2.71 and a beta of 0.73. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The company has a 50 day moving average of $445.32 and a two-hundred day moving average of $453.99. FactSet Research Systems Inc. has a twelve month low of $380.96 and a twelve month high of $488.64.
FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating the consensus estimate of $3.83 by $0.39. The business had revenue of $545.95 million during the quarter, compared to analysts' expectations of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. Research analysts predict that FactSet Research Systems Inc. will post 15.82 EPS for the current fiscal year.
FactSet Research Systems Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from FactSet Research Systems's previous quarterly dividend of $0.98. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.95%. FactSet Research Systems's dividend payout ratio (DPR) is 31.04%.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on FDS. Barclays reissued an "equal weight" rating and set a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $464.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets increased their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a "market perform" rating in a research note on Monday, March 25th. The Goldman Sachs Group lifted their price target on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a "sell" rating in a research report on Friday, March 22nd. Finally, Wolfe Research assumed coverage on FactSet Research Systems in a report on Thursday, April 11th. They issued an "underperform" rating and a $430.00 target price on the stock. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $442.70.
Check Out Our Latest Stock Analysis on FDS
Insider Activity
In related news, EVP Robert J. Robie sold 4,336 shares of the business's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $431.48, for a total value of $1,870,897.28. Following the completion of the sale, the executive vice president now owns 1,485 shares of the company's stock, valued at approximately $640,747.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Robert J. Robie sold 4,336 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $431.48, for a total value of $1,870,897.28. Following the completion of the sale, the executive vice president now directly owns 1,485 shares in the company, valued at $640,747.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Goran Skoko sold 4,106 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $428.57, for a total transaction of $1,759,708.42. Following the completion of the transaction, the executive vice president now directly owns 5,262 shares in the company, valued at $2,255,135.34. The disclosure for this sale can be found here. Insiders sold 14,772 shares of company stock worth $6,371,121 over the last three months. 1.00% of the stock is currently owned by corporate insiders.
About FactSet Research Systems
(
Free Report)
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.
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