Vestmark Advisory Solutions Inc. Sells 55 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Vestmark Advisory Solutions Inc. lessened its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,277 shares of the business services provider’s stock after selling 55 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in FactSet Research Systems were worth $2,517,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Criterion Capital Advisors LLC acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth $30,000. Larson Financial Group LLC grew its position in shares of FactSet Research Systems by 820.0% during the 3rd quarter. Larson Financial Group LLC now owns 92 shares of the business services provider’s stock worth $40,000 after purchasing an additional 82 shares in the last quarter. Desjardins Global Asset Management Inc. increased its holdings in shares of FactSet Research Systems by 69.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock worth $40,000 after purchasing an additional 34 shares during the period. Milestone Investment Advisors LLC acquired a new stake in shares of FactSet Research Systems in the third quarter valued at approximately $46,000. Finally, CVA Family Office LLC bought a new stake in shares of FactSet Research Systems in the fourth quarter valued at approximately $49,000. Institutional investors own 91.24% of the company’s stock.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was 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 $5,838,871.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the transaction, the chief accounting officer now directly owns 72 shares of the company’s stock, valued at approximately $30,204. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value 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 have sold a total of 6,330 shares of company stock worth $2,740,515 over the last quarter. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FDS. BMO Capital Markets upped their target price on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, The Goldman Sachs Group boosted their price target on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $442.70.

FactSet Research Systems Trading Up 1.2 %

Shares of FDS stock traded up $4.89 during trading hours on Friday, hitting $428.25. 197,396 shares of the company’s stock traded hands, compared to its average volume of 254,506. The stock has a market cap of $16.32 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. FactSet Research Systems Inc. has a 12 month low of $380.96 and a 12 month high of $488.64. The stock’s 50 day simple moving average is $446.95 and its 200 day simple moving average is $454.03. 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:FDS) last issued its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The company had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 15.82 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, May 31st. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.04%.

About FactSet Research Systems

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.