Mutual of America Capital Management LLC Cuts Position in FactSet Research Systems Inc. (NYSE:FDS)

Mutual of America Capital Management LLC lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,421 shares of the business services provider’s stock after selling 129 shares during the period. Mutual of America Capital Management LLC’s holdings in FactSet Research Systems were worth $2,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Crossmark Global Holdings Inc. lifted its stake in FactSet Research Systems by 4.9% in the first quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider’s stock valued at $368,000 after purchasing an additional 38 shares during the last quarter. QRG Capital Management Inc. lifted its stake in FactSet Research Systems by 4.7% in the first quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider’s stock valued at $609,000 after purchasing an additional 60 shares during the last quarter. Bessemer Group Inc. lifted its stake in FactSet Research Systems by 284.3% in the first quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider’s stock valued at $535,000 after purchasing an additional 870 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in FactSet Research Systems in the first quarter valued at approximately $2,528,000. Finally, Golden State Wealth Management LLC raised its holdings in FactSet Research Systems by 800.0% during the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 88 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

FDS has been the topic of several research analyst reports. Raymond James Financial raised shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a report on Thursday, June 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. BMO Capital Markets upped their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a “market perform” rating in a report on Friday, June 20th. UBS Group reiterated a “neutral” rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Finally, Evercore ISI cut their target price on shares of FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating for the company in a research report on Monday, June 16th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $444.25.

Insider Buying and Selling at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 7,606 shares of the firm’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the sale, the executive vice president owned 23,952 shares of the company’s stock, valued at $10,702,711.68. This trade represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the completion of the sale, the chief accounting officer owned 44 shares in the company, valued at $19,474.40. This represents a 98.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,031 shares of company stock valued at $5,825,481. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS opened at $432.65 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 12 month low of $391.69 and a 12 month high of $499.87. The company has a 50-day moving average price of $444.72 and a 200-day moving average price of $445.92. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 2.82 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The firm had revenue of $585.52 million during the quarter, compared to the consensus estimate of $580.70 million. During the same period in the prior year, the company posted $4.37 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were paid a dividend of $1.10 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date was Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.02%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.79%.

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.