Cambridge Investment Research Advisors Inc. Sells 221 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Cambridge Investment Research Advisors Inc. lowered its holdings in FactSet Research Systems Inc. (NYSE:FDS – Get Rating) by 8.7% in the fourth quarter, Holdings Channel reports. The firm owned 2,331 shares of the business services provider’s stock after selling 221 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in FactSet Research Systems were worth $935,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Accurate Wealth Management LLC bought a new position in FactSet Research Systems in the fourth quarter valued at $27,000. Eagle Bay Advisors LLC bought a new position in FactSet Research Systems in the second quarter valued at $32,000. Baldwin Brothers LLC MA bought a new position in shares of FactSet Research Systems in the 4th quarter valued at about $34,000. Guardian Wealth Advisors LLC bought a new position in shares of FactSet Research Systems in the 3rd quarter valued at about $40,000. Finally, Ellevest Inc. grew its position in shares of FactSet Research Systems by 1,275.0% in the 3rd quarter. Ellevest Inc. now owns 110 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 102 shares during the period. Institutional investors own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BMO Capital Markets assumed coverage on shares of FactSet Research Systems in a research report on Monday, May 15th. They issued a “market perform” rating and a $424.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 24th. Wells Fargo & Company assumed coverage on shares of FactSet Research Systems in a research report on Tuesday, May 9th. They issued an “equal weight” rating and a $435.00 price objective for the company. CICC Research assumed coverage on shares of FactSet Research Systems in a research report on Friday, March 17th. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus decreased their price objective on shares of FactSet Research Systems from $415.00 to $408.00 and set a “hold” rating for the company in a research report on Friday, March 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $444.56.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock opened at $396.19 on Friday. FactSet Research Systems Inc. has a twelve month low of $345.92 and a twelve month high of $474.13. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 1.08. The company has a 50-day simple moving average of $406.11 and a two-hundred day simple moving average of $418.70. The stock has a market capitalization of $15.18 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.69 and a beta of 0.83.

FactSet Research Systems (NYSE:FDS – Get Rating) last issued its quarterly earnings data on Thursday, March 23rd. The business services provider reported $3.80 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.15. FactSet Research Systems had a net margin of 22.30% and a return on equity of 40.18%. The business had revenue of $515.10 million during the quarter, compared to analysts’ expectations of $510.79 million. During the same quarter in the previous year, the company earned $3.27 EPS. The business’s revenue was up 19.5% on a year-over-year basis. Analysts forecast that FactSet Research Systems Inc. will post 14.63 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 15th. Stockholders of record on Wednesday, May 31st will be given a $0.98 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.89. This represents a $3.92 annualized dividend and a dividend yield of 0.99%. FactSet Research Systems’s payout ratio is presently 30.90%.

Insider Activity

In other news, EVP Jonathan Reeve sold 783 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $404.82, for a total value of $316,974.06. Following the completion of the transaction, the executive vice president now directly owns 92 shares in the company, valued at approximately $37,243.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Jonathan Reeve sold 783 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $404.82, for a total value of $316,974.06. Following the completion of the transaction, the executive vice president now directly owns 92 shares in the company, valued at approximately $37,243.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $412.91, for a total transaction of $1,238,730.00. Following the completion of the transaction, the chief executive officer now owns 8,247 shares of the company’s stock, valued at $3,405,268.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,537 shares of company stock worth $6,404,608. 0.97% of the stock is currently owned by corporate insiders.

FactSet Research Systems Profile

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FactSet Research Systems Inc (the “”Company”” or “”FactSet””) is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company’s content and multi-asset class solutions across each stage of the investment process.