Procyon Advisors LLC Raises Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Procyon Advisors LLC boosted its position in FactSet Research Systems Inc. (NYSE:FDS) by 0.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,487 shares of the business services provider’s stock after purchasing an additional 27 shares during the quarter. Procyon Advisors LLC’s holdings in FactSet Research Systems were worth $2,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC raised its stake in FactSet Research Systems by 6.5% in the fourth quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 23 shares in the last quarter. Drive Wealth Management LLC lifted its holdings in shares of FactSet Research Systems by 5.2% during the 4th quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock worth $233,000 after acquiring an additional 24 shares during the last quarter. CENTRAL TRUST Co grew its position in FactSet Research Systems by 23.0% in the fourth quarter. CENTRAL TRUST Co now owns 155 shares of the business services provider’s stock worth $74,000 after acquiring an additional 29 shares in the last quarter. Smithfield Trust Co increased its stake in FactSet Research Systems by 51.6% in the fourth quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 32 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its position in FactSet Research Systems by 7.0% during the fourth quarter. Pinnacle Associates Ltd. now owns 507 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 33 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,838,871.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Goran Skoko sold 4,106 shares of the company’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 value of $1,759,708.42. Following the transaction, the executive vice president now owns 5,262 shares in the company, valued at approximately $2,255,135.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,419 shares of company stock valued at $11,735,373. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FDS shares. Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Wolfe Research began coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price target on the stock. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets upped their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Finally, The Goldman Sachs Group lifted their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and a consensus price target of $432.00.

FactSet Research Systems Trading Down 0.2 %

NYSE:FDS opened at $415.00 on Friday. The firm has a market capitalization of $15.82 billion, a P/E ratio of 31.30, a P/E/G ratio of 2.48 and a beta of 0.74. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average of $422.97 and a 200 day moving average of $447.53. FactSet Research Systems Inc. has a 52 week low of $385.27 and a 52 week high of $488.64.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.91 by $0.46. The firm had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.79 earnings per share. On average, research analysts predict that FactSet Research Systems Inc. will post 16.33 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were given a $1.04 dividend. This is a positive change 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 1.00%. The ex-dividend date of this dividend was Friday, May 31st. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.37%.

FactSet Research Systems Company 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.