FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 255,443 shares of the business services provider’s stock after selling 602 shares during the period. Bank of New York Mellon Corp owned about 0.67% of FactSet Research Systems worth $104,290,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of FactSet Research Systems by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 254,556 shares of the business services provider’s stock worth $115,752,000 after buying an additional 10,727 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of FactSet Research Systems by 6.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock worth $175,919,000 after purchasing an additional 20,787 shares in the last quarter. SteelPeak Wealth LLC increased its holdings in FactSet Research Systems by 134.1% in the second quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 1,506 shares during the last quarter. Bell Asset Management Ltd acquired a new stake in FactSet Research Systems in the fourth quarter valued at $6,756,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in FactSet Research Systems by 3.1% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock worth $20,321,000 after buying an additional 1,389 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $411.71 on Wednesday. The company has a market cap of $15.66 billion, a PE ratio of 31.05, a P/E/G ratio of 2.44 and a beta of 0.75. The stock has a fifty day moving average price of $414.28 and a 200 day moving average price of $431.26. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The firm had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. During the same quarter last year, the firm earned $3.79 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. Sell-side analysts forecast that FactSet Research Systems Inc. will post 16.29 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, August 30th. FactSet Research Systems’s payout ratio is 31.37%.

Insider Buying and Selling at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $412.75, for a total value of $1,238,250.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,330,666.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,330,666.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Katherine M. Stepp sold 1,057 shares of FactSet Research Systems stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $428.42, for a total value of $452,839.94. Following the transaction, the chief technology officer now owns 687 shares of the company’s stock, valued at $294,324.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,432 shares of company stock valued at $5,117,216. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $500.00 to $407.00 in a report on Thursday, May 30th. Morgan Stanley upped their target price on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a report on Monday, June 24th. Jefferies Financial Group cut 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 note on Wednesday, June 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a report on Monday, June 24th. Finally, Wells Fargo & Company upgraded FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $432.27.

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.