FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its stake in shares of FactSet Research Systems Inc. (NYSE:FDSFree Report) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,649 shares of the business services provider’s stock after selling 323 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in FactSet Research Systems were worth $1,264,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Cassaday & Co Wealth Management LLC acquired a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $211,000. Quest Partners LLC acquired a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $205,000. D.A. Davidson & CO. increased its stake in shares of FactSet Research Systems by 7.0% during the fourth quarter. D.A. Davidson & CO. now owns 1,115 shares of the business services provider’s stock valued at $532,000 after acquiring an additional 73 shares during the period. Balentine LLC increased its stake in shares of FactSet Research Systems by 5.9% during the fourth quarter. Balentine LLC now owns 1,185 shares of the business services provider’s stock valued at $565,000 after acquiring an additional 66 shares during the period. Finally, PineStone Asset Management Inc. increased its stake in shares of FactSet Research Systems by 117.0% during the fourth quarter. PineStone Asset Management Inc. now owns 163,521 shares of the business services provider’s stock valued at $78,008,000 after acquiring an additional 88,173 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FDS shares. The Goldman Sachs Group lifted their price target 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. 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. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Wolfe Research started coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target on the stock. Finally, Jefferies Financial Group decreased their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $431.50.

Check Out Our Latest Research Report on FactSet Research Systems

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction 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 approximately $5,838,871.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Robert J. Robie sold 4,336 shares of FactSet Research Systems 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The disclosure for this sale can be found here. Insiders sold 23,987 shares of company stock valued at $10,283,347 in the last quarter. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Trading Up 2.2 %

Shares of NYSE:FDS opened at $410.10 on Friday. The firm has a fifty day moving average of $429.96 and a two-hundred day moving average of $451.95. The firm has a market capitalization of $15.63 billion, a P/E ratio of 32.47, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74. FactSet Research Systems Inc. has a 12-month low of $385.27 and a 12-month high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83.

FactSet Research Systems (NYSE:FDSGet Free Report) last issued its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The company had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. On average, equities analysts expect that FactSet Research Systems Inc. will post 15.81 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.01%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio (DPR) is 32.94%.

FactSet Research Systems Profile

(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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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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