Victory Capital Management Inc. Has $22.32 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Victory Capital Management Inc. lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 35.2% during the 4th quarter, Holdings Channel.com reports. 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.’s holdings in FactSet Research Systems were worth $22,317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bamco Inc. NY increased its position in FactSet Research Systems by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock valued at $1,203,163,000 after buying an additional 8,862 shares in the last quarter. Morgan Stanley boosted its holdings in FactSet Research Systems by 100.1% in the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after acquiring an additional 698,611 shares in the last quarter. JPMorgan Chase & Co. grew its stake in FactSet Research Systems by 15.3% in the third quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock valued at $220,146,000 after acquiring an additional 66,986 shares during the period. Fiera Capital Corp increased its holdings in shares of FactSet Research Systems by 1.6% during the third quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock valued at $192,852,000 after acquiring an additional 6,960 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of FactSet Research Systems by 4.7% during the third quarter. Northern Trust Corp now owns 390,555 shares of the business services provider’s stock worth $170,774,000 after purchasing an additional 17,605 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $433.90 on Thursday. The firm has a market capitalization of $16.54 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. The business’s fifty day simple moving average is $445.32 and its 200 day simple moving average is $453.99. FactSet Research Systems Inc. has a 12 month low of $380.96 and a 12 month high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The company had revenue of $545.95 million for the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. As a group, analysts anticipate that FactSet Research Systems Inc. will post 15.82 EPS for the current year.

FactSet Research Systems Increases Dividend

The business 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. This is an increase 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 0.96%. The ex-dividend date of this dividend is Friday, May 31st. FactSet Research Systems’s dividend payout ratio is currently 31.04%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FDS shares. Stifel Nicolaus restated a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Wolfe Research assumed coverage on FactSet Research Systems in a research note on Thursday, April 11th. They set an “underperform” rating and a $430.00 price target for the company. BMO Capital Markets boosted their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Finally, The Goldman Sachs Group raised their target price on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and an average price target of $442.70.

Insider Buying and Selling

In related news, EVP Robert J. Robie sold 4,336 shares of FactSet Research Systems stock in a transaction dated Monday, May 6th. The stock was 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 at this hyperlink. In related news, EVP Robert J. Robie sold 4,336 shares of the firm’s 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 transaction, the executive vice president now directly owns 1,485 shares of the company’s stock, valued at approximately $640,747.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Goran Skoko sold 4,106 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $428.57, for a total transaction of $1,759,708.42. Following the sale, the executive vice president now directly owns 5,262 shares in the company, valued at approximately $2,255,135.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,772 shares of company stock valued at $6,371,121. 1.00% of the stock is owned by company insiders.

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.