Burney Co. Sells 180 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Burney Co. cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 10.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,569 shares of the business services provider’s stock after selling 180 shares during the period. Burney Co.’s holdings in FactSet Research Systems were worth $629,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Clear Street Markets LLC lifted its stake in shares of FactSet Research Systems by 94.9% during the 1st quarter. Clear Street Markets LLC now owns 76 shares of the business services provider’s stock worth $32,000 after purchasing an additional 37 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of FactSet Research Systems during the 2nd quarter worth approximately $32,000. Compass Wealth Management LLC purchased a new stake in FactSet Research Systems during the fourth quarter valued at approximately $41,000. Exchange Traded Concepts LLC acquired a new stake in FactSet Research Systems in the second quarter valued at approximately $43,000. Finally, Milestone Investment Advisors LLC purchased a new position in FactSet Research Systems in the first quarter worth $44,000. 89.50% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $457.24 on Friday. The stock has a market capitalization of $17.37 billion, a price-to-earnings ratio of 37.98, a PEG ratio of 2.76 and a beta of 0.82. FactSet Research Systems Inc. has a 12 month low of $377.89 and a 12 month high of $474.13. The firm’s 50 day simple moving average is $440.06 and its 200-day simple moving average is $422.07. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.59 and a quick ratio of 1.59.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, September 21st. The business services provider reported $2.93 EPS for the quarter, missing analysts’ consensus estimates of $3.51 by ($0.58). The firm had revenue of $535.80 million for the quarter, compared to analyst estimates of $535.32 million. FactSet Research Systems had a return on equity of 35.45% and a net margin of 22.45%. FactSet Research Systems’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.13 EPS. Analysts expect that FactSet Research Systems Inc. will post 16.02 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th will be given a dividend of $0.98 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.86%. FactSet Research Systems’s dividend payout ratio (DPR) is 32.56%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Bank of America increased their price target on FactSet Research Systems from $450.00 to $460.00 and gave the company a “neutral” rating in a research note on Friday, September 22nd. Morgan Stanley upped their price objective on shares of FactSet Research Systems from $332.00 to $352.00 and gave the company an “underweight” rating in a report on Friday, September 22nd. StockNews.com initiated coverage on shares of FactSet Research Systems in a report on Thursday, October 5th. They set a “hold” rating on the stock. The Goldman Sachs Group cut their price objective on shares of FactSet Research Systems from $380.00 to $367.00 and set a “sell” rating on the stock in a report on Thursday, September 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $442.73.

Insider Activity

In other news, EVP Robert J. Robie sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $431.34, for a total transaction of $1,294,020.00. Following the transaction, the executive vice president now owns 1,436 shares in the company, valued at approximately $619,404.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other FactSet Research Systems news, EVP Kristina W. Karnovsky sold 1,371 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $447.75, for a total value of $613,865.25. Following the transaction, the executive vice president now owns 839 shares in the company, valued at approximately $375,662.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert J. Robie sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $431.34, for a total value of $1,294,020.00. Following the completion of the transaction, the executive vice president now owns 1,436 shares in the company, valued at approximately $619,404.24. The disclosure for this sale can be found here. Insiders have sold 16,338 shares of company stock worth $7,160,097 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

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.