FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA cut its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.1% during the 1st quarter, Holdings Channel reports. The firm owned 148,395 shares of the business services provider’s stock after selling 77 shares during the period. FactSet Research Systems comprises 0.9% of Everett Harris & Co. CA’s investment portfolio, making the stock its 26th largest position. Everett Harris & Co. CA’s holdings in FactSet Research Systems were worth $67,429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Criterion Capital Advisors LLC acquired a new position in FactSet Research Systems during the fourth quarter worth about $30,000. Desjardins Global Asset Management Inc. boosted its position in shares of FactSet Research Systems by 69.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 34 shares in the last quarter. Smithfield Trust Co boosted its position in shares of FactSet Research Systems by 51.6% during the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 32 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of FactSet Research Systems in the 4th quarter worth approximately $49,000. Finally, Global Retirement Partners LLC raised its holdings in shares of FactSet Research Systems by 36.9% in the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the business services provider’s stock worth $65,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FDS. Stifel Nicolaus restated a “hold” rating and issued a $469.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. The Goldman Sachs Group boosted their target price on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. BMO Capital Markets increased their price target on 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. Bank of America downgraded 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. Finally, Wolfe Research assumed coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective for the company. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and an average target price of $432.00.

FactSet Research Systems Stock Up 0.2 %

FDS stock traded up $0.75 during midday trading on Thursday, reaching $416.76. The company had a trading volume of 135,657 shares, compared to its average volume of 377,153. The company has a 50 day moving average of $421.66 and a two-hundred day moving average of $446.12. The company has a market capitalization of $15.89 billion, a P/E ratio of 31.43, a PEG ratio of 2.48 and a beta of 0.75. FactSet Research Systems Inc. has a 1 year low of $385.27 and a 1 year high of $488.64. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66.

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

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.00%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Friday, May 31st. FactSet Research Systems’s payout ratio is currently 31.37%.

Insider Buying and Selling

In other FactSet Research Systems news, EVP Robert J. Robie sold 4,336 shares of FactSet Research Systems stock in a transaction that occurred 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 directly owns 1,485 shares in the company, valued at $640,747.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Robert J. Robie sold 4,336 shares of the company’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 directly owns 1,485 shares in the company, valued at $640,747.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Goran Skoko sold 6,215 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $436.40, for a total value of $2,712,226.00. Following the transaction, the executive vice president now owns 5,262 shares in the company, valued at $2,296,336.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,419 shares of company stock worth $11,606,013. Insiders own 1.00% of the company’s stock.

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.