FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC trimmed its stake in FactSet Research Systems Inc. (NYSE:FDS) by 15.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 420 shares of the business services provider’s stock after selling 76 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in FactSet Research Systems were worth $200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. KLR Investment Advisors LLC raised its stake in FactSet Research Systems by 4.4% in the 4th quarter. KLR Investment Advisors LLC now owns 900 shares of the business services provider’s stock valued at $429,000 after purchasing an additional 38 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of FactSet Research Systems by 0.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 25,701 shares of the business services provider’s stock valued at $12,261,000 after buying an additional 154 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in 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 acquiring an additional 10,727 shares during the last quarter. Moran Wealth Management LLC grew its stake in FactSet Research Systems by 1.0% in the 4th quarter. Moran Wealth Management LLC now owns 23,449 shares of the business services provider’s stock worth $11,186,000 after acquiring an additional 226 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in FactSet Research Systems by 6.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock valued at $175,919,000 after acquiring an additional 20,787 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the 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 sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Goran Skoko sold 6,215 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $436.40, for a total value of $2,712,226.00. Following the sale, the executive vice president now owns 5,262 shares of the company’s stock, valued at approximately $2,296,336.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,987 shares of company stock worth $9,083,347. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FDS. Stifel Nicolaus restated a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Barclays reaffirmed an “equal weight” rating and set a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, BMO Capital Markets upped their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research report on Monday, March 25th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and an average price target of $443.56.

FactSet Research Systems Stock Performance

Shares of FDS opened at $436.04 on Monday. FactSet Research Systems Inc. has a 52-week low of $380.96 and a 52-week 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. The firm has a market cap of $16.62 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 2.71 and a beta of 0.73. The business’s 50 day moving average is $438.80 and its two-hundred day moving average is $454.80.

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

FactSet Research Systems Increases Dividend

The company 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 $1.04 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, May 31st. This represents a $4.16 annualized dividend and a dividend yield of 0.95%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

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.