Schonfeld Strategic Advisors LLC Cuts Position in FactSet Research Systems Inc. (NYSE:FDS)

Schonfeld Strategic Advisors LLC cut its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,074 shares of the business services provider's stock after selling 8,723 shares during the period. Schonfeld Strategic Advisors LLC's holdings in FactSet Research Systems were worth $7,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mount Yale Investment Advisors LLC raised its stake in shares of FactSet Research Systems by 1.4% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider's stock valued at $755,000 after acquiring an additional 22 shares in the last quarter. Allworth Financial LP lifted its position in FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock valued at $64,000 after purchasing an additional 22 shares during the period. Private Trust Co. NA increased its stake in shares of FactSet Research Systems by 8.2% in the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after purchasing an additional 22 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in FactSet Research Systems by 2.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock valued at $583,000 after purchasing an additional 24 shares during the period. Finally, Cerro Pacific Wealth Advisors LLC raised its stake in shares of FactSet Research Systems by 1.4% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider's stock worth $809,000 after buying an additional 25 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FDS has been the subject of several research reports. UBS Group dropped their target price 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. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $450.00 to $402.00 in a report on Friday, March 21st. Morgan Stanley reduced 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 reiterated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Finally, BMO Capital Markets lowered 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. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $436.90.

FactSet Research Systems Stock Up 1.5 %

Shares of NYSE:FDS traded up $6.52 during midday trading on Wednesday, hitting $436.34. The stock had a trading volume of 90,299 shares, compared to its average volume of 283,490. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The business's 50-day simple moving average is $433.00 and its 200-day simple moving average is $458.71. The company has a market cap of $16.56 billion, a P/E ratio of 31.28, a PEG ratio of 2.93 and a beta of 0.88.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping 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 business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same period last year, the company earned $4.22 EPS. FactSet Research Systems's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal 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 $1.10 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $4.40 annualized dividend and a yield of 1.01%. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's payout ratio is presently 31.29%.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the transaction, 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 document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company's stock.

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.