Cambridge Investment Research Advisors Inc. Sells 323 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Cambridge Investment Research Advisors Inc. cut its position in FactSet Research Systems Inc. (NYSE:FDSFree Report) by 10.9% during the 4th quarter, HoldingsChannel reports. The firm owned 2,649 shares of the business services provider’s stock after selling 323 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in FactSet Research Systems were worth $1,264,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC acquired a new stake in FactSet Research Systems in the fourth quarter worth $211,000. Quest Partners LLC acquired a new stake in FactSet Research Systems in the fourth quarter worth $205,000. D.A. Davidson & CO. raised its holdings in FactSet Research Systems by 7.0% in the fourth quarter. D.A. Davidson & CO. now owns 1,115 shares of the business services provider’s stock worth $532,000 after purchasing an additional 73 shares during the period. Balentine LLC raised its holdings in FactSet Research Systems by 5.9% in the fourth quarter. Balentine LLC now owns 1,185 shares of the business services provider’s stock worth $565,000 after purchasing an additional 66 shares during the period. Finally, PineStone Asset Management Inc. raised its holdings in FactSet Research Systems by 117.0% in the fourth quarter. PineStone Asset Management Inc. now owns 163,521 shares of the business services provider’s stock worth $78,008,000 after purchasing an additional 88,173 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on FDS. BMO Capital Markets increased their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. The Goldman Sachs Group increased their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Morgan Stanley dropped their price objective on shares of FactSet Research Systems from $372.00 to $350.00 and set an “underweight” rating on the stock in a report on Monday. Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Finally, Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and a consensus target price of $431.50.

Get Our Latest Stock Analysis on FactSet Research Systems

FactSet Research Systems Stock Up 2.2 %

FactSet Research Systems stock opened at $410.10 on Friday. The company has a market cap of $15.63 billion, a P/E ratio of 32.47, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74. FactSet Research Systems Inc. has a 1-year low of $385.27 and a 1-year high of $488.64. The company has a fifty day simple moving average of $429.96 and a 200 day simple moving average of $451.95. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83.

FactSet Research Systems (NYSE:FDSGet Free Report) last released its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The business had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. Research analysts anticipate that FactSet Research Systems Inc. will post 15.81 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed 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 represents a $4.16 dividend on an annualized basis and a dividend yield of 1.01%. 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 32.94%.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the transaction, the chief accounting officer now owns 72 shares of the company’s stock, valued at approximately $30,204. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,166,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the sale, the chief accounting officer now directly owns 72 shares of the company’s stock, valued at approximately $30,204. The disclosure for this sale can be found here. Insiders sold a total of 23,987 shares of company stock valued at $10,283,347 in the last quarter. Company insiders own 1.00% of the company’s stock.

About FactSet Research Systems

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDSFree Report).

Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.